LSU Transition Advisory Team, Feb. 13, 2013 Meeting


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Finance & Revenue and Operations & Technology Sub-committees Joint Kickoff Meeting

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  • LSU Transition Advisory Team, Feb. 13, 2013 Meeting

    1. 1. FINANCE AND REVENUE ANDOPERATIONS AND TECHNOLOGYSUB-COMMITTEESKICKOFF MEETINGFebruary 13, 2013 | 10 a.m. to noonLod Cook Alumni Center, Abell Board Room
    2. 2. WELCOME ANDINTRODUCTIONSLee Griffin and Clarence Cazalot, Finance and Revenue ChairsBill Silvia and Bill Comegys, Operations and Technology Chairs
    3. 3. Introductions Please introduce yourself and in 2-3 minutes, tell us your current position and relevant experience and background. 3
    4. 4. Agenda for Today We will begin with a brief overview of the Transition Advisory Team process and a look at why higher education is undergoing transformation all across the country. Task Forces will be formed around priority areas and we will talk about that process as well. Finally, we will have a presentation from Huron Consultants and questions and answers as well as public comments. Christel Slaughter will serve as our facilitator. 4
    6. 6. Transition Advisory Team Objectives  Develop a vision for a world class university;  Identify elements critical to remaining competitive in the higher education environment of the future; and  Recommend best-practice organizational models for a multi-campus flagship university. 6
    7. 7. Sub-Committee Leadership Academic Sub-Committee  Dr. William “Bill” Jenkins  Dr. Lester W. Johnson Finance and Revenue Sub-Committee  Mr. Clarence P. Cazelot, Jr.  Mr. G. Lee Griffin Operations and Technology Sub-Committee  Mr. William M. Comegys III  Mr. William L. “Bill” Silvia Research and Discovery Sub-Committee  Dr. James W. “Jim” Firnberg Student Experience Sub-Committee  Lt. Gen. Russel L. Honore’  Ms. Carroll W. Suggs Legal and Regulatory Advisory Group  Dr. James W. “Jim” Firnberg  Mr. W. Shelby McKenzie 7
    8. 8. Organizational Chart LSU Board of Supervisors Transition Advisory Team Legal and Regulatory Advisory Group Operations and Academic Finance and Revenue Research and Discovery Student Experience TechnologySub-Committee Sub-Committee Sub-Committee Sub-Committee Sub-Committee 8
    9. 9. Sub-Committee Design Five topic specific sub-committees (Academic, Finance and Revenue, Operations and Technology, Research and Discovery, and Student Experience)  Sub-committees will gather information from subject matter experts, research studies, and other resources to develop best practices recommendations by focus area to the Transition Advisory Team  Each sub-committee will be chaired or co-chaired by Transition Advisory Team members  Other sub-committee members will be appointed through recommendations provided by each campus  Sub-committee activities will begin in January 2013 and be completed by June 2013 One Legal and Regulatory Advisory Group will provide technical advice and support to the five sub-committees 9
    10. 10. ProcessJANUARY 2013Sub-Committees Staffed and Activities Scheduled JANUARY to MAY 2013 Transition Advisory Team and Sub-Committees Execute Activities MAY 2013 Sub-Committees Deliver Reports to Transition Advisory Team MAY to JULY 2013 Transition Advisory Team Develops Report of Recommendations JULY 2013 Transition Advisory Team Presents Final Report of Recommendations to Board of Supervisors 10
    11. 11. Task Forces and Meeting Format Task Forces will be formed from this group to focus on priority areas. The co-chairs will discuss this with you in a few minutes. Each Task Force is expected to meet at least twice and will be led by two of the co-chairs. During these meetings, testimony will be provided by national and local subject matter experts, reports and findings will be discussed and input from the public will be heard. Please let us know in advance if you would like to provide testimony or recommend a speaker. Information gathered from your Task Force meetings will become part of the Final Report to be submitted to the Transition Team and ultimately, the Board of Supervisors. 11
    13. 13. Public Records and Open Meetings Laws  In an effort to comply with the Public Record and Open Meetings Laws, we will subscribe to the following practices:  Announce all meetings and post the agendas at least 24 hours ahead of time.  Allow public comment at all meetings.  Provide a facilitator and scribe to ensure that agendas are followed and meeting minutes are posted to the website.  All emails and other documents are considered to be public records. 13
    14. 14. Website All articles and presentations will be posted on 14
    16. 16. Disruptive Transformations Significant periodic transitions that are highly disruptive to an industry or economic sector Brought on by: new technology, consumer needs/demand, and cost pressures Many examples in our lifetime include:  Media  Financial Institutions  Healthcare 16
    17. 17. Higher Education Transformation…Why?1. Cost Trend is Not Sustainable  Today’s institutions of higher education are extraordinarily complex organizations with significant resources tied up in overhead and administrative costs.  Three decades of 6 percent to 7 percent annual price increases have put college beyond the means of most families (without substantial grants and/or resorting to substantial student loans).**Deloitte: Disruptive Innovation – Case study: Transforming Higher Education 17
    18. 18. Higher Education Transformation…Why?2. Consumer Demand is Growing and Changing  The high school diploma has been supplanted by the college degree as the ticket required for economic advancement. The income advantage offered by a college degree is double what it was a generation ago.*  The number of non-traditional students is growing.  Individuals are in need of affordable paths to qualifications necessary for economic advancement, resulting in a untapped market. 18*Stuart M. Butler: The Coming Higher-Ed Revolution
    19. 19. Higher Education Transformation…Why?3. New Technology  Online learning offers significant potential for higher education to transform its basic business model.  New technology is increasing the number of disruptive entrants in the higher education market such as  DeVry  Western GovernorsUniversity  MIT’s OpenCourseware 19
    20. 20. LSU’s Transformation Imperatives Refocus energy and resources on academics Develop and leverage alternative revenue sources Serve the economic and workforce development needs of the state and students Improve quality through innovative delivery models and collaborative research 20
    21. 21. CHARTERS AND TASK FORCESLee Griffin and Bill Silvia
    22. 22. Commercialization and Technology TransferOperations and Technology Sub-Committee Task ForceThe Commercialization and Technology Transfer Task Force willfocus on removing barriers, stimulating discovery, andincreasing deal flow. By-laws of the Board of Supervisors,external reports, pre-angel capital, and research ofcommunication best practices will be reviewed. 22
    23. 23. Streamlining Procedures, Rules, and RegulationsOperations and Technology Sub-Committee Task ForceThe Streamlining Procedures, Rules, and Regulations Task Forcewill investigate paper flow, process, authority, and accountabilityincluding the by-laws of the Board of Supervisors, presidentialmemorandums (PMs), and campus policy statements. 23
    24. 24. TechnologyFinance and Revenue Sub-Committee Task ForceThe Technology Task Force with look at the changing culture,promoting efficiency, and encouraging innovation. Academicresearch, administration, and leveraging data to driveinnovation will be reviewed. 24
    25. 25. Administrative ServicesFinance and Revenue Sub-Committee Task ForceThe Administrative Services Task Force will focus on improvingefficiency, identifying barriers, and adopting service structuresthrough analysis of internal university processes, externalregulatory impediments, insurance and risk management,employee benefits, and the LA GRAD Act 2.0. 25
    26. 26. Revenue GenerationFinance and Revenue Sub-Committee Task ForceThe Revenue Generation Task Force will focus on identifyingnew revenue streams. Areas of revenue generation will includeself-generated streams, governmental (primarily federal),sponsored research, and monetized assets. 26
    27. 27. External AffairsOperations and Technology Sub-Committee Task ForceThe External Affairs Task Force will review policycommunication, coordination, and branding focusing ongovernmental relations, message development and marketing,and production/back-office functions. 27
    29. 29. OPPORTUNITIES TO GENERATE NEWREVENUE, REALIZE EFFICIENCY, ANDIMPROVE SERVICEHuron Education Consultants: Shandy Husmann, John Curry andMalcolm White
    30. 30. Q&A AND PUBLIC COMMENTSChristel Slaughter, SSA Consultants
    31. 31. NEXT STEPSLee Griffin, Bill Silvia and Christel Slaughter
    32. 32. Commercialization and TechnologyTransfer Meeting February 27, 2013 Shreveport Time and location TBD