Strategy Development UW-Stout College of Management January-April 2009

Strategy DevelopmentUW-Stout College of Management

January-April 2009

As a College, We Value:

• Our students’ preparation for a challenging and dynamic place in society.

• The inclusion of diverse ideas.

• Teaching that is stimulating, current and engaging.

• Service and scholarly activities that advance and apply expertise in our disciplines.

College of Management MissionThe College of Management promotes excellence in

teaching, research, scholarship and service through anapproach to learning that combines theory, practice and experimentation to discover,

disseminate and extend knowledge.

Every student is afforded the opportunity to collaboratewith faculty and industry to understand and apply innovative

solutions to real world problems. The college matriculatesethical leaders who are lifelong learners and contribute

to the advancement of their professions.

The TeamUndergraduate PD & Business Dept. Rep.Karen Martinson

Department Chair RepresentativeMike Galloy

Graduate PD and O & M Dept. Rep.Kat Lui

Department Representation Peter D’Souza – Hospitality & Tourism Lee Esser – Military Science

Distance Education and Academic StaffHeidi Rabeneck

Graduate StudentLinda Handlin – Technology Management

Classified Staff Mary Volk – Risk Control Center

Undergraduate StudentsJared Herman – Military Science/H&TLaura Henneman – Business Administration

External Stakeholders Bill Burmesch – IBMLee Fundanet – Central Group CompaniesMark Danovsky – Anderson CorporationJoe Hegge – Chippewa Valley Technical College

Dean Carol Mooney

Clerical Support Debbie Tenorio

Thank You!Thank You!

College of ManagementVision Statement

UW-Stout’s College of Management is a nationally recognized leader with unique programs, attracting quality students from around the world.

Steps in the Planning Process

Step 1. Define the PurposeStep 1. Define the Purpose

Step 2. Analyze the EnvironmentStep 2. Analyze the Environment

Step 3. Develop Strategic GoalsStep 3. Develop Strategic Goals

Step 4. Identify ObstaclesStep 4. Identify Obstacles

Step 5. Devise and Evaluate StrategiesStep 5. Devise and Evaluate Strategies

Step 6. Assign and Prioritize ObjectivesStep 6. Assign and Prioritize Objectives

Implement the Plan!

Confirm Purpose and Perform

Environmental Analysis

Develop Strategic Goals

Develop Strategies

Devise Objectives

Develop Action Items

Timeline02/09 03/09 04/09 FALL 2009 - ONGOING

Implement , Measure and

Celebrate

COMPLETED

Our Four Strategic Goals:

Create and sustain an identity for the College of Management.

Deliver leading-edge, applied programs. Create an environment where all students and

faculty are engaged globally. Achieve successful career placement for all

graduates.

Objective 1(Strategy 2)





















Objective 1Strategy 2)




Facilitate global engagement

opportunities for faculty and staff.

Identify and engage in

existing global opportunities.

Increase recognition of

COM achievements

and capabilities in

broader communities.

Build common

awareness of COM

strategic direction among all faculty &

staff.

Goal 3:Create an environment where all faculty

and students are engaged globally.

Goal 1:Create and sustain an

identity for COM. Goal 2:Deliver leading-edge,

applied programs.

Vision:UW-Stout College of Management is a nationally

recognized leader with unique programs, attracting quality students from around the world.

Goal 4:Achieve successful career

placement for all graduates.

Optimize existing

COM/ UW-Stout

resources (including Discovery Center). Require

quality instruction.

Develop and foster faculty and student relationships with industry

partners.

Continually evaluate

programs to meet leading-edge metrics.




Develop opportunities

for global student

engagement.




Maintain active

relationships with alumni.



Inputs

Strategic goals aligned with vision, mission, and values

Key Performance Indicators & Targets

List of obstacles in achieving the strategic goals

Outputs

Selected strategies for achieving each goal

Facilitation Aids

Strategy evaluation worksheet

Risk/reward/resource analysis

How We Developed Our Strategies

Goal 2: Deliver leading-edge applied programs. (programs)

Key Performance Indicators Obstacles, Issues, or Concerns affecting goal achievement Strategy(ies)

Grants funded Number of faculty receiving training Number of surveyed on campus recognizing COM’s purpose?? Number of faculty receiving release for program development Strength of linkages with Stout Foundation

Grant writing resources University available release/training Raise awareness Competitive process for limited resources Prioritize list of individuals Stout Foundation

Optimize existing College of Management/ UW-Stout resources

Number of programs with industry advisory boards Number of faculty working with industry projects Number of students working with industry projects Number/value of industry foundation contributions Number of collaborative resource sharings (lab,

plant/equipment, etc.) Number of technology gifts Number of industry training events for faculty/students (bring

resources of industry to faculty/students)

“Sounding board” Faculty on release Foundation building Resource sharing (labs, etc.) Technology gifts Training

Develop and foster faculty and student relationships with industry partners

Performance to metrics Leading edge faculty hired and retained Standardized review processes followed Advisory board approval of programs Number of students engaged in programs

Weak standardized metrics Recruitment and retention of faculty Internal review External review Advisory board Student engagement

Continually evaluate programs to meet leading-edge metrics

Retention rate of students NISSE – student engagement GPAs and test scores Coop/internships Grant writing (faculty) State-of-the-art labs Accreditation Improvement on graduate follow-up studies New programs and courses – year

Weak compilation of standardized metrics for programs

Develop concise and trackable metrics

This is an example of a worksheet we used to develop

our strategies.

Where do we go from here? What have we accomplished? Are we ready to implement the plan?

Step 1. Define the PurposeStep 1. Define the Purpose

Step 2. Analyze the EnvironmentStep 2. Analyze the Environment

Step 3. Develop Strategic GoalsStep 3. Develop Strategic Goals

Step 4. Identify ObstaclesStep 4. Identify Obstacles

Step 5. Devise and Evaluate StrategiesStep 5. Devise and Evaluate Strategies

Step 6. Assign and Prioritize ObjectivesStep 6. Assign and Prioritize Objectives

Implement the Plan

Assign Objectives and Action Items

The Team has assigned the development of Objectives and Action Items to the Dean, Associate Dean, and Department Chairs.

Input for these activities and the development of metrics that will track performance to plan will be sought from stakeholders within the College.

Devise SMART Objectives

Specific What has to be done?Measurable How do we know it has been

done?Accountable Who is doing it?Resources What resources are required?Time-Phased When will it be done?

Prepare Action Plans Action Plans

o Detail who will do what by when.o Are a prioritized checklist of items that must be

completed for an objective to be realized.o Become the working document most often

referred to. Prepare an Action Plan for each objective. Include activities and implementation time.

Measure Performance and Celebrate Success!

The development of relevant metrics is critical to the successful execution of this plan.

Successful execution of key metrics merits celebration!

Thank you all for making the College of Management successful!

Documents

Strategy Development UW-Stout College of Management January-April 2009