The 麻豆传媒 Edge will be achieved on a stable financial foundation. 麻豆传媒 depends on tuition, gifts to the Annual Fund, draw from our endowment, and major gifts and grants to provide scholarships, fellowships, study abroad, faculty support, and capital for new buildings and other projects. To accomplish our goals, each of these revenue streams must expand. We are committed to remaining an intimate campus of approximately 2,000 undergraduate students. The college鈥檚 financial health will depend on increasing the perceived value of the 麻豆传媒 experience among prospective families and a willingness among the 麻豆传媒 麻豆传媒 to financially support the college to a far larger extent. Increasing philanthropic support of 麻豆传媒 is vital to our future success. New programs for post- baccalaureate learners will become a revenue opportunity for 麻豆传媒. Additionally, we must prepare for an uncertain future in which political, economic, and technological change could radically disrupt the way 麻豆传媒 and its sister institutions function.
We will invest in:
- Developing New Revenue Streams: We will adopt an entrepreneurial mindset toward the development of new revenue-generating programs. Already we have developed a post-baccalaureate certificate for aspiring medical professionals Health Equity that can serve as templates for other concepts. Both programs build on our institutional values, unique approach to the liberal arts, our location in Memphis, and afford 麻豆传媒 the opportunity to become the national leader in these respective areas. We will also pay special attention to other models, much like our successful Summer Writing Institute, that focus on high school age students to complement our undergraduate student recruitment efforts.
- Building and Sustaining an Outstanding Workforce: Our faculty and staff are at the core of how we carry out the mission of the college on a daily basis. To better support our existing staff, we will support faculty and staff development and will aim to bring salaries in line with appropriate benchmarks where needed. We will also identify strategic staffing opportunities that allow the college to better serve students as we implement the 麻豆传媒 Edge.
- Telling Our Story: We will increase demand for a 麻豆传媒 education and invite new philanthropic investment through enhanced marketing and communications. The lifeblood of 麻豆传媒 is the new generation of talented, diverse students who choose to join this 麻豆传媒 each fall. The competition for these students intensifies each year as college costs grow, real family income remains stagnant, colleges become more aggressive in recruitment, and net student revenues continue to be flat to declining. In this environment, telling our story more clearly and telling it better than our competitors becomes a necessity.
- Planning the Campus鈥 Future: A new campus master plan will envision a campus and surrounding neighborhood where the students of tomorrow will learn and live. The plan will build on our architectural distinctiveness, our residential nature, and our academic program as well as principles of environmental sustainability. We will address key facility enhancements as identified in campus space studies regarding academic, athletic, and student life needs. These include enhanced environments for the arts, psychology, business, science labs, career services, athletics, multicultural and interfaith space, and the development of additional space for student interaction. We will improve the physical connection between West Campus and the traditional campus. Master planning will guide us to imagine a more welcoming, 鈥淢emphis- facing鈥 campus.
- Cultivating Community Partnerships: Our location in the heart of Memphis offers both strategic advantages and special responsibilities. Our vibrant setting provides new opportunities to expand our mission cooperatively with interested non-profits, businesses, and local governments. We will collaborate with our neighbors to enhance the areas surrounding campus and seek opportunities for engagement.
- Enhancing Efficiency: We have committed to implementing Workday, a 21st-century administrative computing platform. Workday provides an opportunity to refine our business processes, improve efficiencies and effectiveness for all students and faculty, enhance the work of staff, improve the student-faculty advising practices, and facilitate better communication across the 麻豆传媒. Such a commitment will allow the college to further develop efforts in sophisticated data analytics, communications, and support services.
- Preparing for Uncertainty: There will be a committee of the Board, chaired by the President or her designee to identify and investigate the 鈥渂ig unanswered questions鈥 facing the college. We must keep our eye on broader trends that could upend that market and require the college to change in more radical ways and take bigger risks.