Advancing enterprise activities

Post archives: Jun 2020

Section 5: Opportunity Spectrum

In today’s rapidly changing environments, intensifying competitive landscapes and challenged funding models, universities cannot be everything to everyone – it is an impossibility and needs to be recognised as such. Instead, universities must increasingly make judicious and far-seeing choices about the opportunities and possibilities that present. These business decisions address what consumers and markets to chase, what programs, products or services to offer, what partnerships and collaborations to pursue. These are hard decisions which require a clarity of thought about how a wealth of resources at the proverbial fingertips of a university is to be used. Read More

Section 4: Understanding the ‘Knowledge-Capital Value Chain’

The omnipresence of rapidly changing environments within which universities now operate has been a presiding theme in the opening sections of this series, prompting the call to focus on the ‘North Stars’ (section 2) that help universities set ‘direction’ and the (‘Spheres of Impact’, section 3) through which universities can better articulate their ‘purposes’. In the case of the former, we pointed to the changing natures of workforces, the rise of innovation and entrepreneurship, and significant societal needs; while the overarching aim to maximising societal impact from tangible education programs and research outcomes through collaborations with partners guided our thinking around the latter. Setting direction and articulating purpose in this way establishes the ‘intent’ which galvanises shared action across a university. Read More

Section 3: Spheres of Impact

Meaningful direction for universities is best established around ‘North Stars’ – those major trends and demographic shifts that impact society. Universities must then couple this with a strong sense of purpose in order to establish ‘intent’ and galvanise shared action within its academic fold.  But how is such a strong sense of purpose arrived at? What is the procedure through which that purpose is identified, agreed upon and then garners ‘buy-in’ from all quarters of the university populace? Read More

Section 2: The ‘North Stars’

Meeting the challenges that universities face in the dynamic environments of today commences with determining direction. Finding our way can be difficult at the best of times, but given the rapid pace of change in the world right now, it can seem a little like being cut adrift in an ocean storm. Clearly, universities need to mobilise their resources in different ways in order to manage, but to what end and in which direction? How can universities reset their bearings to remain relevant to the issues of today? An appropriate way to start answering these questions is by examining major trends and demographic shifts and the associated roles that universities play. This is where opportunity lies for universities. Read More