1. Provost Report Faculty Senate Meeting The University of Arkansas Fayetteville, AR November 14, 2007 Bob Smith Provost & Vice Chancellor for Academic Affairs, The University of Arkansas

2. Outline Institutional Strategic Planning & the 2010 Commission Integration with College/School Planning & UA Budgeting The 2% Reallocation Process

3. Strategic Planning n Vision n Mission n Environmental Scanning n Goals & Objectives Roy Lichtenstein (American, 1923-1997) Blam 1962; Yale University Art Gallery, New Haven, CT Dusty Higgins

4. Vision n Where are you headed? n What will your unit look like when you get there? n Statement—a Single Sentence n Difficulties in Crafting Vision n Challenging Different Perceptions (e.g., UConn) n Confusion with Mission Statement

5. UAF Vision... A nationally competitive, student-centered research university serving Arkansas and the world.

6. Mission n What do you do? n How do you do it? n Answers to Questions Help Define the Mission n Answers Shaped by Assessment of 1) Quality (sine qua non); 2) Scope (not all things to all people); 3) Responsiveness to Needs (economic, cultural & intellectual imperatives); 4) Effectiveness (assessment); 5) Cost & Cost/Benefit; 6) Uniqueness

7. Moving On n Where you are going (vision) n “How” & “what” you will doing to get there (mission) n Role & Scope Statement: Combining Vision & Mission (UA Statement: Handout) n Consider Environment for Growth & Development: Environmental Context or Scanning

8. Environmental Context Institutional & Unit Strengths Weaknesses Internal & External Opportunities Threats. SWOT: Selective Excellence, Reconfiguration, Prognostication Study Broadly, Identify Strengths, Seek Excellence, Develop Interconnections

9. Goals & Objectives Need for Goals & Objectives Goals: Overarching or Long-Term End- points Objectives: Shorter-term Results

10. Institutional Long- Range Planning Programmatic versus Capital Planning Role of CEO Mix of Extramural & Intramural Members Plans/Reports Over Five-to-Ten-Year Periods Traditional Elements: Vision, Mission, SWOT, Goals & Objectives SWOT: National & Global Perspectives Mesh with National & International Reports

11. UA 2010 Commission: Early Development Composition of Commission (92) Chair: Reynie Rutledge, UA Double Alumus, Banker, Searcy, AR; Executive Secretary, RVS Focus Group Meetings ATA Papers: Five, Report #1; One Each, Reports #2-4 Benchmarking: 53 Peers Model Adopted: LSU, Texas A & M University, Texas Tech University, the Universities of Mississippi & Texas at Austin Reynie Rutledge

12. UA 2010 Commission: Reports Making the Case, September 10, 2001 Picking Up the Pace, March 2, 2004 Gaining Ground, March 3, 2005 Raising the Bar, March 6, 2007 Timing with AR Legislative Sessions (05, 07 & 09) UA & State Consciousness DHE Funding Formula & State Funding

13. FY08 Budget Hearings & Decisions Budget Presentations, February 21 to March 26, 2007 Deans, Colleges & Schools, & Vice Chancellors of Divisions (e.g., Student Affairs, Finance & Administration, Academic Affairs) Executive Committee & Faculty Governance Leadership Reallocation Process: 2% Reduction, Build-back & Build-up (Based on Strategic Priorities) Plus Revenue Producing or One-Time Items FY08 E & G Budget = $218.7 M (Academic Affairs = $134.0 M [61.3%]) (One- page Handout) “New” Resources: 2% Reallocation Pool, Tuition (FY08) & Increased State Support (Importance of Funding Formula) Total Increase (over 98% base) = $12.5 M (Academic Affairs = $7.66 M; Unit Increases Aver. = 7.1% [1.5-21.3%]) Increases to Colleges & Schools (Two-page Handout)

14. Summary Institutional Strategic Planning & the 2010 Commission Integration with College/School Planning & UA Budgeting The 2% Reallocation Process

15. TTB: The Two-Dollar Bill $2 Quiz: Who’s portrait is on... ? $2/100 Corollary to 2% Reallocation Putting Budget in Perspective Importance of Priorities Understanding Real Needs & Budget Limitations State Allocations Behind by $39.7 Million Need for Resourcefulness “Universities share one characteristic with compulsive gamblers and exiled royalty; there is never enough money to satisfy their desires.” —Derek Bok (1930- ) President, Harvard University (1971-1991) Derek Bok Signing of the Declaration of Independence John Trumbull (1756-1843)