Understanding the Nuances of Strategic Planning - WACUBO
Understanding the Nuances of Strategic Planning Presented by
James L. Doti President and Donald Bren Distinguished Chair of Business and Economics Chapman University
2003 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Total
16 5 20 5 16 9 13 2 27 6 22 9 20 5 1 0 No Game 12 6 18 1
165
48
USC Forfeit USC Suspended
Chapman University Vision To create and sustain an exciting, stimulating and vibrant intellectual and artistic learning community that furthers the search for truth and beauty.
Chapman University Vision To create and sustain an exciting, stimulating and vibrant intellectual and artistic learning community that furthers the search for truth and beauty.
Desired Place RESTRAINING FORCES
DRIVING FORCES
Current Place
V I S I O N
Strategic Initiatives of Prior 5-Year Plans 1993-’94 to 1997-’98: Increase Student Selectivity
Strategic Initiatives of Prior 5-Year Plans 1993-’94 to 1997-’98: Increase Student Selectivity 1998-’99 to 2002-’03: Achieve National Program Accreditations and Establish New Schools of Law and Film
Strategic Initiatives of Prior 5-Year Plans 1993-’94 to 1997-’98: Increase Student Selectivity 1998-’99 to 2002-’03: Achieve National Program Accreditations and Establish New Schools of Law and Film 2003-’04 to 2007-’08: Enhance Physical Facilities
Strategic Initiatives of Prior 5-Year Plans 1993-’94 to 1997-’98: Increase Student Selectivity 1998-’99 to 2002-’03: Achieve National Program Accreditations and Establish New Schools of Law and Film 2003-’04 to 2007-’08: Enhance Physical Facilities 2008-’09 to 2012-’13: Faculty Recruitment – A Path to National Stature
Impact of Strategic Initiatives U.S. News & World Report Rankings * Academic Reputation
’90-91
’00-01
’13-14
66 / 112
19 / 126
8 / 120
* Master’s Universities—West
Impact of Strategic Initiatives U.S. News & World Report Rankings * ’90-91
’00-01
’13-14
Academic Reputation
66 / 112
19 / 126
8 / 120
Student Selectivity
92 / 112
4 / 126
2 / 120
* Master’s Universities—West
Impact of Strategic Initiatives U.S. News & World Report Rankings * ’90-91
’00-01
’13-14
Academic Reputation
66 / 112
19 / 126
8 / 120
Student Selectivity
92 / 112
4 / 126
2 / 120
Faculty Resources
50 / 112
39 / 127
11 / 120
* Master’s Universities—West
Impact of Strategic Initiatives U.S. News & World Report Rankings * ’90-91
’00-01
’13-14
Academic Reputation
66 / 112
19 / 126
8 / 120
Student Selectivity
92 / 112
4 / 126
2 / 120
Faculty Resources
50 / 112
39 / 127
11 / 120
Graduation Rate
35 / 112
25 / 127
9 / 120
* Master’s Universities—West
Impact of Strategic Initiatives U.S. News & World Report Rankings * ’90-91
’00-01
’13-14
Academic Reputation
66 / 112
19 / 126
8 / 120
Student Selectivity
92 / 112
4 / 126
2 / 120
Faculty Resources
50 / 112
39 / 127
11 / 120
Graduation Rate
35 / 112
25 / 127
9 / 120
Overall Rank
61 / 112
14 / 127
7 / 120
* Master’s Universities—West
Impact of Strategic Initiatives Other Qualitative Indicators Endowed Chairs & Professorships
’90-91
’13-14
1 / 111
60 / 392
Impact of Strategic Initiatives Other Qualitative Indicators ’90-91
’13-14
Endowed Chairs & Professorships
1 / 111
60 / 392
Endowment
$29.3M
$273.8M
Impact of Strategic Initiatives Other Qualitative Indicators ’90-91
’13-14
Endowed Chairs & Professorships
1 / 111
60 / 392
Endowment
$29.3M
$273.8M
289K
3072K
Facilities Square Footage
Impact of Strategic Initiatives Other Qualitative Indicators ’90-91
’13-14
Endowed Chairs & Professorships
1 / 111
60 / 392
Endowment
$29.3M
$273.8M
289K
3072K
$59.5M
$809.2M
Facilities Square Footage Net Assets
Increase in Net Assets
Source: “A Vital Statistic” Business Officer Magazine November 2013
Average Annual % Change in Net Assets 2000 to 2010 1
Quinnipiac University (CT)
12.88
2
Emerson College (MA)
12.65
3
Chapman University (CA)
11.56
4
Marist College (NY)
9.84
5
Saint Joseph's University (PA)
9.69
6
Villanova University (PA)
8.79
7
DePaul University (IL)
8.44
8
The New School (NY)
8.21
9
Drexel University (PA)
8.12
10
Nova Southeastern U. (FL)
7.65
Undergraduate FTE – Fall 1991 Tufts USF Santa Clara UOP LMU USD Pepperdine Seattle U Chapman
4,393 3,939 3,930 3,880 3,808 3,795 2,707 2,502 1,418 0
2500
5000
7500
Undergraduate FTE Enrollment 7000 6000 5000 4000 3000 2000 1000 '91 '93 '95 '97 '99 '01 '03 '05 '07 '09 '11 '13
Undergraduate FTE – Fall 2013 USF LMU Chapman USD Santa Clara Tufts Seattle U UOP Pepperdine
6,221 6,041 5,852 5,556 5,376 5,154 4,522 3,818 3,316 0
2500
5000
7500
Progress Made on 2008-’09 to 2012-’13 Strategic Initiative Faculty Recruitment – A Path to National Stature
Excellence in Economics ● Hired Vernon Smith − Nobel Prize in Economics, 2002 ● Hired 4 members of his team ● Established 6 endowed chairs ● Established Economic Sciences Institute ● Argyros School now ranked #1 in the world in Behavioral and Experimental Economics
Excellence in Sciences ● Hired Yakir Aharonov − National Medal of Science, 2010 ● Hired 8 members of his team ● Established Institute for Quantum Studies (3 Nobel laureates among founding members: Gross, Leggett, Englert) ● Established international journal: Quantum Studies, Mathematics and Foundations
Excellence in Media Arts ● Hired Bill Kroyer, − Governor of the Academy of Motion Picture Arts & Sciences − Creator of CGI behind cult movie Tron ● Developed Digital Arts undergraduate program ● Dodge College ranked #5 film school in the country
Excellence in Creative Writing ● Hired Richard Bausch − NEA awards recipient − Guggenheim Fellow − National Magazine Award winner ● Established writing program for the community
Strategic Plan Initiatives 2014-’15 to 2018-’19 Expand Graduate Health Science Academic Programs
New or Expanded Graduate Health Science Programs MS – Athletics Training
August 2014
Expansion of Physical Therapy
January 2015
MS – Physician Assistant
January 2015
Pharmacy (Pharm D, MS, Ph.D.)
August 2015
MS – Prosthetics & Orthotics
August 2018
Medical Doctor or Doctor of Osteopathic Medicine
August 2019
New or Expanded Graduate Health Science Programs MS – Athletics Training
August 2014
Expansion of Physical Therapy
January 2015
MS – Physician Assistant
January 2015
Pharmacy (Pharm D, MS, Ph.D.)
August 2015
MS – Prosthetics & Orthotics
August 2018
Medical Doctor or Doctor of Osteopathic Medicine
August 2019
Expanded Physical Therapy, Pharmacy & Physician Assistant FY14
FY15
FY16
FY17
FY18
A15
A16
A17
A18
B14
B15
B16
B17
B18
(C14)
(C15)
(C16)
(C17)
(C18)
Total Revenue Total Expenses Net
University Operating Results (Not Including Health Science Initiatives) FY14
FY15
FY16
FY17
FY18
Total Revenue
D14
D15
D16
D17
D18
Total Expenses
E14
E15
E16
E17
E18
Net Addition to Reserve for Strategic Initiatives (50%) & Endowment (50%)
F14
F15
F16
F17
F18
Reserve for Strategic Initiatives FY14
FY15
FY16
FY17
FY18
G14
G15
G16
G17
G18
(C14)
(C15)
(C16)
(C17)
(C18)
Projected Gifts
H14
H15
H16
H17
H18
Reserve Balance after Impact of Health Sciences
J14
J15
J16
J16
J16
Balance Net from Health Science Initiatives
Capital Costs of Rinker Campus Acquisition of Buildings (170,000 sq. ft.)
$22M
Renovation
$30M
Total Capital Costs
$52M
Debt-to-Assets Ratio FY14
FY15
FY16
FY17
FY18
$188M
K15
K16
K17
K18
$240M
L15
L16
L17
L18
Assets
$1B
M15
M16
M17
M18
Debt-to-Asset Ratio
24%
N15
N16
N17
N18
Total Debt Addition to Debt from Health Science Initiatives Revised Debt
$52M
Debt-to-Asset Ratio 40% 35% 30%
Peer Avg.
24%
25% 20% 15% '91 '93 '95 '97 '99 '01 '03 '05 '07 '09 '11 '13
Understanding the Nuances of Strategic Planning Presented by
James L. Doti President and Donald Bren Distinguished Chair of Business and Economics Chapman University
James L. Doti President and Donald Bren Distinguished Chair of Business and Economics Chapman University
2003 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Total
16 5 20 5 16 9 13 2 27 6 22 9 20 5 1 0 No Game 12 6 18 1
165
48
USC Forfeit USC Suspended
Chapman University Vision To create and sustain an exciting, stimulating and vibrant intellectual and artistic learning community that furthers the search for truth and beauty.
Chapman University Vision To create and sustain an exciting, stimulating and vibrant intellectual and artistic learning community that furthers the search for truth and beauty.
Desired Place RESTRAINING FORCES
DRIVING FORCES
Current Place
V I S I O N
Strategic Initiatives of Prior 5-Year Plans 1993-’94 to 1997-’98: Increase Student Selectivity
Strategic Initiatives of Prior 5-Year Plans 1993-’94 to 1997-’98: Increase Student Selectivity 1998-’99 to 2002-’03: Achieve National Program Accreditations and Establish New Schools of Law and Film
Strategic Initiatives of Prior 5-Year Plans 1993-’94 to 1997-’98: Increase Student Selectivity 1998-’99 to 2002-’03: Achieve National Program Accreditations and Establish New Schools of Law and Film 2003-’04 to 2007-’08: Enhance Physical Facilities
Strategic Initiatives of Prior 5-Year Plans 1993-’94 to 1997-’98: Increase Student Selectivity 1998-’99 to 2002-’03: Achieve National Program Accreditations and Establish New Schools of Law and Film 2003-’04 to 2007-’08: Enhance Physical Facilities 2008-’09 to 2012-’13: Faculty Recruitment – A Path to National Stature
Impact of Strategic Initiatives U.S. News & World Report Rankings * Academic Reputation
’90-91
’00-01
’13-14
66 / 112
19 / 126
8 / 120
* Master’s Universities—West
Impact of Strategic Initiatives U.S. News & World Report Rankings * ’90-91
’00-01
’13-14
Academic Reputation
66 / 112
19 / 126
8 / 120
Student Selectivity
92 / 112
4 / 126
2 / 120
* Master’s Universities—West
Impact of Strategic Initiatives U.S. News & World Report Rankings * ’90-91
’00-01
’13-14
Academic Reputation
66 / 112
19 / 126
8 / 120
Student Selectivity
92 / 112
4 / 126
2 / 120
Faculty Resources
50 / 112
39 / 127
11 / 120
* Master’s Universities—West
Impact of Strategic Initiatives U.S. News & World Report Rankings * ’90-91
’00-01
’13-14
Academic Reputation
66 / 112
19 / 126
8 / 120
Student Selectivity
92 / 112
4 / 126
2 / 120
Faculty Resources
50 / 112
39 / 127
11 / 120
Graduation Rate
35 / 112
25 / 127
9 / 120
* Master’s Universities—West
Impact of Strategic Initiatives U.S. News & World Report Rankings * ’90-91
’00-01
’13-14
Academic Reputation
66 / 112
19 / 126
8 / 120
Student Selectivity
92 / 112
4 / 126
2 / 120
Faculty Resources
50 / 112
39 / 127
11 / 120
Graduation Rate
35 / 112
25 / 127
9 / 120
Overall Rank
61 / 112
14 / 127
7 / 120
* Master’s Universities—West
Impact of Strategic Initiatives Other Qualitative Indicators Endowed Chairs & Professorships
’90-91
’13-14
1 / 111
60 / 392
Impact of Strategic Initiatives Other Qualitative Indicators ’90-91
’13-14
Endowed Chairs & Professorships
1 / 111
60 / 392
Endowment
$29.3M
$273.8M
Impact of Strategic Initiatives Other Qualitative Indicators ’90-91
’13-14
Endowed Chairs & Professorships
1 / 111
60 / 392
Endowment
$29.3M
$273.8M
289K
3072K
Facilities Square Footage
Impact of Strategic Initiatives Other Qualitative Indicators ’90-91
’13-14
Endowed Chairs & Professorships
1 / 111
60 / 392
Endowment
$29.3M
$273.8M
289K
3072K
$59.5M
$809.2M
Facilities Square Footage Net Assets
Increase in Net Assets
Source: “A Vital Statistic” Business Officer Magazine November 2013
Average Annual % Change in Net Assets 2000 to 2010 1
Quinnipiac University (CT)
12.88
2
Emerson College (MA)
12.65
3
Chapman University (CA)
11.56
4
Marist College (NY)
9.84
5
Saint Joseph's University (PA)
9.69
6
Villanova University (PA)
8.79
7
DePaul University (IL)
8.44
8
The New School (NY)
8.21
9
Drexel University (PA)
8.12
10
Nova Southeastern U. (FL)
7.65
Undergraduate FTE – Fall 1991 Tufts USF Santa Clara UOP LMU USD Pepperdine Seattle U Chapman
4,393 3,939 3,930 3,880 3,808 3,795 2,707 2,502 1,418 0
2500
5000
7500
Undergraduate FTE Enrollment 7000 6000 5000 4000 3000 2000 1000 '91 '93 '95 '97 '99 '01 '03 '05 '07 '09 '11 '13
Undergraduate FTE – Fall 2013 USF LMU Chapman USD Santa Clara Tufts Seattle U UOP Pepperdine
6,221 6,041 5,852 5,556 5,376 5,154 4,522 3,818 3,316 0
2500
5000
7500
Progress Made on 2008-’09 to 2012-’13 Strategic Initiative Faculty Recruitment – A Path to National Stature
Excellence in Economics ● Hired Vernon Smith − Nobel Prize in Economics, 2002 ● Hired 4 members of his team ● Established 6 endowed chairs ● Established Economic Sciences Institute ● Argyros School now ranked #1 in the world in Behavioral and Experimental Economics
Excellence in Sciences ● Hired Yakir Aharonov − National Medal of Science, 2010 ● Hired 8 members of his team ● Established Institute for Quantum Studies (3 Nobel laureates among founding members: Gross, Leggett, Englert) ● Established international journal: Quantum Studies, Mathematics and Foundations
Excellence in Media Arts ● Hired Bill Kroyer, − Governor of the Academy of Motion Picture Arts & Sciences − Creator of CGI behind cult movie Tron ● Developed Digital Arts undergraduate program ● Dodge College ranked #5 film school in the country
Excellence in Creative Writing ● Hired Richard Bausch − NEA awards recipient − Guggenheim Fellow − National Magazine Award winner ● Established writing program for the community
Strategic Plan Initiatives 2014-’15 to 2018-’19 Expand Graduate Health Science Academic Programs
New or Expanded Graduate Health Science Programs MS – Athletics Training
August 2014
Expansion of Physical Therapy
January 2015
MS – Physician Assistant
January 2015
Pharmacy (Pharm D, MS, Ph.D.)
August 2015
MS – Prosthetics & Orthotics
August 2018
Medical Doctor or Doctor of Osteopathic Medicine
August 2019
New or Expanded Graduate Health Science Programs MS – Athletics Training
August 2014
Expansion of Physical Therapy
January 2015
MS – Physician Assistant
January 2015
Pharmacy (Pharm D, MS, Ph.D.)
August 2015
MS – Prosthetics & Orthotics
August 2018
Medical Doctor or Doctor of Osteopathic Medicine
August 2019
Expanded Physical Therapy, Pharmacy & Physician Assistant FY14
FY15
FY16
FY17
FY18
A15
A16
A17
A18
B14
B15
B16
B17
B18
(C14)
(C15)
(C16)
(C17)
(C18)
Total Revenue Total Expenses Net
University Operating Results (Not Including Health Science Initiatives) FY14
FY15
FY16
FY17
FY18
Total Revenue
D14
D15
D16
D17
D18
Total Expenses
E14
E15
E16
E17
E18
Net Addition to Reserve for Strategic Initiatives (50%) & Endowment (50%)
F14
F15
F16
F17
F18
Reserve for Strategic Initiatives FY14
FY15
FY16
FY17
FY18
G14
G15
G16
G17
G18
(C14)
(C15)
(C16)
(C17)
(C18)
Projected Gifts
H14
H15
H16
H17
H18
Reserve Balance after Impact of Health Sciences
J14
J15
J16
J16
J16
Balance Net from Health Science Initiatives
Capital Costs of Rinker Campus Acquisition of Buildings (170,000 sq. ft.)
$22M
Renovation
$30M
Total Capital Costs
$52M
Debt-to-Assets Ratio FY14
FY15
FY16
FY17
FY18
$188M
K15
K16
K17
K18
$240M
L15
L16
L17
L18
Assets
$1B
M15
M16
M17
M18
Debt-to-Asset Ratio
24%
N15
N16
N17
N18
Total Debt Addition to Debt from Health Science Initiatives Revised Debt
$52M
Debt-to-Asset Ratio 40% 35% 30%
Peer Avg.
24%
25% 20% 15% '91 '93 '95 '97 '99 '01 '03 '05 '07 '09 '11 '13
Understanding the Nuances of Strategic Planning Presented by
James L. Doti President and Donald Bren Distinguished Chair of Business and Economics Chapman University
