Title: Brand as Relevance
1Southern Polytechnic State University
Managing the Metrics Using Dashboard Indicators
to Improve Performance Dr. Robert A.
Sevier Senior Vice President Stamats, Inc. Cedar
Rapids, IA 52406 (800) 553-8878 bob.sevier_at_stamat
s.com
2 About Stamats
- We are an award-winning, nationally-recognized
higher education research, planning, and
marketing communications company. Our mission is
to help college and university leaders achieve
their most important marketing, recruiting, and
fundraising goals through the creation of
customized integrated marketing solutions. -
- Research, Planning, and Consulting Services
- Image and competitive positioning studies
- Tuition price elasticity studies
- Alumni and donor studies
- Marketing communication audits
- Recruiting audits
- Campus visit audits
- Integrated marketing plans
- Brand clarification and communication plans
- Recruiting plans
- Strategy development and strategic plans
- Board presentations
- Project-specific consulting
- Creative Services
- Recruiting and fundraising publications
- Web site development
- Virtual tours
- Direct marketing strategies (search, annual fund)
- Targeted e-mail marketing systems
- Advertising
- Creative concepting
- Content management systems
- Dynamic news and events calendars
- Message boards/chats
Offices Cambridge, Richmond, Portland (OR),
San Francisco, and Cedar Rapids
3Some Key Questions
- Why is it important to measure performance?
- What are some options for measuring performance?
- Why are c/u sometimes unwilling to measure
performance? - What are the dangers of performance measurement
in higher education?
4The Nomenclature of Measurement
- TQM
- CPI
- KPIs
- Six sigma
- Benchmarks
- Peer groups
- Norms
- Best practices
- Balanced scorecard
- Questions
- How do we get beyond the vocabulary?
- What are some problems with each of these options
for measuring performance?
5Dashboard Indicators
- Primary assessments of progress toward achieving
the institutional vision - Empirical in nature
- Importantly, there is no right or wrong value for
any indicator - What is important is to know your position
relative to - Past performance (YTD or other measurement
period) - Goals
- Peers
- The key is not where you are the key is whether
or not you are showing progress
6An Illustration
- Dashboard indicators for the human body might be
- Blood pressure
- Weight
- Respiration rate
- Cholesterol
7Key Themes
- Go for a few, alpha indicators (its a dashboard,
not an instrument) - Updated quarterly or annually
- Use consistent formula to define and measure
8Mission, Vision, and Strategic Planning
Strategic Plan
How you get there
Mission Vision
Where you come from Where you want to go
9Strategic Planning
- Differentiating yourself from your competitors in
ways that target audiences value - using institutional resources (time, talent,
and treasure) to achieve your vision
10Strategic Planning Domains
- A strategic planning domain is a key (and
existing) institutional process or activity - Most strategic plans are executed through the
following - Academic affairs
- Recruiting and financial aid
- Advancement and alumni relations (fundraising)
- Facilities and IT
- Student development/retention
- Brand marketing and image
- Finance
- Human resources
11Houghton College Domains (example)
- Income stability
- Academic excellence
- Stewardship
- Competitiveness/selectivity
- Productivity
- Affordability
- Mission and program mix
- Facility planning
- Alumni support
12Houghton Domain Academic Excellence
- Metrics
- freshmen in top 10 percent of high school class
- of freshmen from top 25 percent of high school
class - SAT scores of freshmen
- Class size
- Student/faculty ratio
- Percentage of FT faculty with terminal degree
- Percentage of faculty who are full-time
- Freshmen retention rate
- Graduation rate
- of graduates immediately beginning full-time
grad school - of graduates receiving job offer within six
months
13Houghton College
- Percentage of freshmen from the top 10 of high
school class
14 Everybody Pulling in the Same Direction
The Plan
Academic Affairs
Recruiting/Financial Aid
Advancement
Facilities IT
Student Development
Brand Marketing
Finance
HR
15Building Dashboard Indicators
16Building Dashboard Indicators
- For each strategic domain identify up to three
metrics (indicators) that you can use to
effectively evaluate performance - Be macro
- Be specific
- Be measurable
- Remember, dashboard, not instrument panel
17A Quick Note
- If you were doing this for real, you would
- Develop a set of domains that fully describe your
institution - Often very context dependent
- After you have created these domains, you would
identify historic data to establish your current
state for each domain - You would then identify numeric goals to describe
future progress - If you cannot create dashboard metrics for your
entire institution, create them for your
department/division
18Academic Affairs
19Recruiting and Financial Aid
20Advancement and Alumni Relations
21Facilities and IT
22Student Development/Retention
23Brand Marketing and Image
24Finance
25Human Resources
26Books by Bob Sevier
Available from strategypublishing.com