Budgeting Issues

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Budgeting Issues Budget Development ABCs

• Anthony D. Ross, PhD
• Department of Supply Chain Mgt.
• rossant_at_bus.msu.edu

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Postcards of the MTV Generation.
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Overview of The Process

• The Development Trip
• Ideas for Activities (It is personal)
• Who
• What
• When
• Where
• Translating Sequencing the Activities.
• Cultural vs. Academic Content
• Key Elements of the Budget
• Meeting the MTV Generation on their Turf

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The Development Trip

• Develop the Proposal
• Academic content
• Cultural Content and blending the two
• Establish Contacts
• Alumni Network
• Institutional MOIs
• Propose a Thematic Focus
• Listen to ideas of potential host institutions
  (if a first-timer)
• Decide on Program Duration

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Ideas for Activities

• WHO (will be involved locally)?
• WHAT (will be accomplished in each activity)?
• WHEN (must reservations esp. for groups be
  confirmed)?
• Often 12 months for popular hotels and venues
• WHERE (lodging, dining, other facility issues)?
• HOW (will activities be sequenced)?

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Translate Activity Ideas into a Schedule
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Translation Part II
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Key Elements of a Budget

• Student Program Costs
• Variable
• Housing
• Activities
• Transportation-1 (In-country Subways, trains)
• Meals
• Cultural Venues/Experiences
• Fixed
• Instructor and Assistant travel
• Transportation-2 (in-country Charters)
• Instructional Costs
• Speaker Honoraria
• Classroom Rentals

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Of Concern to Students
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Key Cost-drivers and Solutions

• Exchange-rates
• Activity costs
• Guest speakers
• Transportation
• Meals
• SOLUTIONS
• Institutional Agreements
• Alumni-funded Endowments
• NGO grant-funding sources
• Center for Global Partnerships
• Target-country institutions
• Adapting Content to the MTV Generation

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MTV and the Global Context
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Reality TV on the Web for STSA
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Questions?

• THANK YOU!!