Optimize Return on Investment

January 2017

This objective is ranked yellow. While two of the initiatives are ranked green and we have seen improvement in overall financial measures, several measures are still yellow.

The initiative “Start new academic programs in Fall 2016” is green. New programs are on target for launch on time. 

The initiative to “Start new academic programs Fall 2017” also is green. 

Yellow measures include: Operational Revenue and Operational Expense. Green measures include graduation rates, first to second year retention, and total financial aid. Number of courses with enrollment under 10, cash position

For other goals and accomplishments related to this objective, see below.

Optimize Return on Investment

  • New program development: criminal justice, marketing, biochemistry, gifted endorsement (SEHD – licensure/certification program with Stark County ESC), gerontology adult acute care track in MSN
  • Pursuit of National Association of Schools of Music (NASM) accreditation, Council for Social Work Education (CSWE) reaccreditation review in 2015-2016, and Council for Accreditation of Education Programs (CAEP) reaccreditation review in 2016-2017
  • 100% pass rate for recent social work licensure exam – Jane Hoyt-Oliver
  • Implement at least one new market-driven and one revised program or major each year; incorporate the issue of career placement [Measure: Accomplished 20% ROI – Revenue less the startup operating costs (e.g. faculty member, marketing, support) by year 2] [Discussed were: Hospitality (somehow tied to the new HOF Village project); Project Management, Manufacturing Management, Criminal Justice, Marketing]
  • Develop an appropriate plan for identifying unproductive or obsolete programs (philosophical, fiscal, mission-related concerns) – formally closing unproductive programs. Discussed languishing programs (BSW completion, Global & International Studies)
  • Determine and develop initiatives that retain students and increase completion rates [Measured by increased percentage of staff & faculty participation; Retention team’s participation in CCCU Persistence and Retention Academy; Improved graduation rate (% students graduate in less than 5 years; % students graduate in 4 years; %increase retention rate] [Discussion of a 4-year project initiative and also setting actual # for improvement %]

Capacity study with reference to the current faculty, staff, physical classroom, and distance education resources [Measure: % classroom usage; analyze faculty to student ratio in all areas] [We have this study already]

Previous Quarterly Updates:

July 2016

This objective is ranked red. While two of the initiatives are ranked green, overall financial measures that mark progress in this area are still red.

The initiative “Start new academic programs in Fall 2016” is green. New programs are on target for launch on time. 

The initiative to “Start new academic programs Fall 2017” also is green. 

Red measures include: Revenue vs. Expense, Number of courses with enrollment under 10, cash position