1. www.lib.monash.edu.au Collection Development: Business and Economics at Monash David Horne, Subject Librarian

2. www.lib.monash.edu.au 2 Library Business and Economics Faculty Team allocated $1.8 million for 2005 –allocation based on a formula approved by GLC –approx 42% is serial subscriptions (print & online) and databases Collection Development Policy for each Dept –dynamic documents

3. www.lib.monash.edu.au 3 Understanding collection needs… Familiarity with Dept. courses, research Unit reading lists for each semester Library Impact Statements for new units Liaison with Dept. staff (formal and informal) Staff and student recommendations Dept. websites, publicity about their activities

4. www.lib.monash.edu.au 4 Finding out what’s out there… Publisher web sites/ blurbs Vendor databases and alerts (Bennett and YBP) Libraries Australia / amazon.com/ GBIP Reviews in press and journals, e-list (e.g. buslibs)

5. www.lib.monash.edu.au 5 Some decision criteria.. Relevance to existing teaching and research Price- value Complementary to the existing collection? Recognised publisher/author? New editions of titles already held? Australia/ Asia-Pacific focus Maintain a broad perspective for good overall collection coverage (e.g. Reference).

6. www.lib.monash.edu.au 6 Electronic resources and online access… Impact on journal access – journals subscribed to as packages, rather than individually (online access also to.. statistics, company and industry info, legal sources, working papers, theses, and books online) Inevitable overlap between databases, especially with top journals (e.g. ABI/Inform, Business Source Premier, publisher sites) Journal embargos often apply to latest full text (e.g. Journal of Finance on Business Source Premier) –need for print or a separate subscription with publisher Strong competition, but exclusive deals limit database choice –e.g. Factiva & Fairfax; Business Source Premier & HBR

7. www.lib.monash.edu.au 7 Electronic resources (2)… Diversified online collections- Business Source Premier includes not only journals, but also company, industry and country reports Database trials via CAUL (Council of Aust. University Librarians) for consortial negotiation of price and contract Monash University Library Electronic Resources Selection Sub- Committee –chaired by the Digital Resources Librarian –all Faculty Teams represented –collectively make decisions about the acquisition of key databases and online journal collections

8. www.lib.monash.edu.au 8 Collection Development Issues Obtaining active input from academics Automation of the selection process Questions: david.horne@lib.monash.edu.au