Strategic Plan 2019-2022

Goal 6

Enhance Economic Stability & Sustainability of the College of Medicine

Definition

The COM will:

• Identify and employ efficient operating models
• Determine innovative revenue opportunities through our value proposition
• Strategically align and allocate resources including redesign opportunities
• Secure additional income through philanthropy, grants and academic funding

Tactics

Identify and employ efficient operating models

1. Track, measure and analyze the COM’s fiscal performance
2. Implement an operational excellence strategy to reduce system inefficiencies
3. Create and maintain a faculty profile system for data generation

Determine innovative revenue opportunities through our value proposition

1. Identify joint, collaborative revenue opportunities to advance mutually beneficial partnerships

Strategically align and allocate resources including redesign opportunities

1. Align resource allocation based on strategic priorities and return on investment analysis

Secure additional income through philanthropy, grants and academic funding

1. Establish college-centric institutional advancement efforts