How Universities Should Manage Innovation11 April, 2018 / Articles
Innovation has reached buzzword status inside colleges and universities.
Higher education institutions are creating innovation offices and chief innovation officer positions, launching various online and competency-based offerings, and, in some cases, answering to nervous boards of trustees regarding whether their institutions are doing enough to prepare students for an increasingly uncertain future.
Despite the frenetic tone of some of the hype, the concerns fueling this move toward innovation aren’t misplaced.
New disruptive innovations that are faster and cheaper than traditional programs have entered the postsecondary landscape. There is more pressure on institutions for accountability—to not only enroll students, but also to help them succeed up to and after graduation. College costs have continued to rise even as the average applicant is less able to pay, which has called into question many colleges’ sustainability.
Innovations that do everything from create efficiencies for existing programs to cultivate new sources of revenue in new programs are in high demand.
As innovation becomes a major part of colleges and universities’ strategies, creating processes to manage it is vital. Colleges must mitigate the risks that can come with innovation while maximizing the upside for their specific institutional mission.
Doing that is no easy task. But it turns out that there some tried-and-true tools that can help. In a new white paper for Entangled Solutions, Terah Crews, Lauren Dibble, and I detail the process and offer a way for universities to wade into the world of innovation with a transparent process that includes all stakeholders and minimizes risk.
Step 1: Clarify the goals and gaps
The first step involves clarifying a university’s goals. Unlike businesses that exist largely to grow the bottom line, colleges and universities have complex missions with many goals, which makes the need for intentionality important. A school’s goals can and should be multifaceted. They may include measures around enrollment, revenue, costs or productivity, student success, student composition, culture, faculty growth or diversity, community engagement, curriculum or course design, and links to employers.
After clarifying the goals, a university is then able to see its gaps—how far it has to go to achieve its aims.
Step 2: Build the strategy
The second step involves building a specific strategy to help an institution address its gaps and achieve its goals. Equally important to determining what it will do is clarifying what it won’t. These things could be out of bounds because the college or university feels it is too far afield or because it is outside its mission.
Step 3: Implement a portfolio approach
With clear goals and gaps identified and a clear sense of what the university will—and perhaps more importantly will not—do, it’s time to start investing in innovation. But how does a university determine which innovations it should invest in to deliver on its strategy?
There are fortunately tools to manage the process. One tool we recommend is from Steven Wheelwright and Kim Clark’s 1992 article, “Creating Project Plans to Focus Product Development.” Called “aggregate project planning” (APP), it links an organization’s intended strategy with the mechanisms through which resources are allocated across different types of projects.
The basic idea is that to achieve their goals, colleges and universities need to invest in different types of innovations, ranging from the routine improvement of a course to the transformational launch of a new online, competency-based and low-cost school.
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RESUMEN PARA DESCRIPCIÓN SEO: Innovation has reached buzzword status inside colleges and universities.