Its mission and purpose was to "supply the missing link between a number of disconnected colleges and universities, each marginally effective in designing and developing short courses for managerial and professional workers, and an integrated system of great power."
The concept was simple. Let's say Michigan State University offered the best short course on Developing the Annual Marketing Plan and California Institute of Technology offered the best short course on Energy Management for Commercial Buildings. MSU could "import" CIT's Energy Management course and export its marketing planning seminar to CIT. If 100 schools entered the consortium, and each provided just one outstanding seminar and faculty member, then every institution would have access to 100 outstanding seminars and faculty members.