rpk group brochure 2017
TRANSCRIPT
Creating the future business models of higher education
rpkgroup.com [email protected]
We help colleges and universities create new business models that: Ensure that resources are invested in student success
Generate the resources to allow for reinvestment across the institution
Create economic engines from both existing and new programs and services
This distinctive emphasis on maximizing mission, market, and margin for our clients has quickly earned rpk GROUP an influential role in defining higher education’s future.
Higher education is being disrupted. Traditional methods for driving enrollment, institutional growth, and financial stability are no longer effective. In response to this changing marketplace and new, critical needs, we created rpk GROUP. As a leading
education consulting firm, we support clients across the country and internationally.
Creating the future business models of higher educationrpk GROUP is a leading voice in the creation of new business models for higher education. Our partnerships with preeminent national foundations enable the rpk GROUP team to research new models and surface promising and effective best practices. We then field test these new models and methods and share them with colleges and universities. As a result, our clients benefit from cutting-edge approaches that are grounded in real-world experience.
From Mission to Market: The rpk GROUP Solution
ABOUT US
rpkgroup.com [email protected]
How we tie mission to market to margin: Build a shared future vision that engages and energizes stakeholders
Turn data into useful storytelling
Identify the economic engines that can drive institutional growth
Create reallocation strategies to ensure that resources are invested in student success and financial sustainability
Facilitate dialogue that leads to thoughtful, strategic decision making
How we help our clients: Build alternative business models
Shift institutional planning from tactics to strategy
Conduct academic portfolio reviews
Uncover administrative service efficiencies and cost savings
Create new resource allocation models
Develop pro forma models to test new program and service initiatives
Establish benchmarks and key performance indicators
Create strategic sourcing and shared service models
Assess return on investment for strategic and facilities master planning
rpk GROUP’s Consulting Focus:
What do you excel at? What do your stakeholders— students, faculty, staff, and funders—need and want?
Is your current model financially sustainable?
WHAT WE DO
rpk GROUP is one of our greatest assets. By linking student success outcomes to institutional performance, rpk GROUP is helping set the course for our future. –Chuck Ambrose, President, University of Central Missouri
rpkgroup.com [email protected]
The Critical Need for New Business Models
Cost Cutting: The resort to cost cutting is a short-term and short-sighted solution, yielding temporary relief at best and lasting damage at worst.
Preserving the Status Quo: Most budget processes attempt to fund historic cost structures, instead of reallocating resources to better fulfill institutional mission.
A Focus on Budget Balancing: Institutions have focused on simply balancing their budgets for one more year, rather than making strategic decisions that increase the return on investment to students and the institution.
rpk GROUP’s proven Mission, Market, and Margin framework reflects a fundamental shift away from measuring inputs to assessing outcomes, and from tracking spending to data-informed investing.
With the financial health of many higher education institutions increasingly at risk, the need for creating sustainable business models has never been more pressing.
Yet at a time of growing urgency, exhausted financial approaches stubbornly prevail on too many college and university campuses.
Traditional methods that are no longer effective include:
NEW MODELS
rpk GROUP: We understand the business of higher education
rpkgroup.com [email protected]
Our approach allows colleges and universities to maximize their current business models while simultaneously increasing their capacity to move toward a new shared future vision. This enhancement of the current business model results in:
A new awareness of the return on investment lens
The creation of new metrics for strong analysis and storytelling
Optimization of the academic portfolio and administrative services
The reallocation of resources toward investments that enhance student success and financial sustainability
The realization of new net revenue for investment in the institution
Our Mission, Market, and Margin framework ensures that our clients develop strategic answers to the questions arising in higher education’s new environment.
OUR APPROACH
60%Almost 60% of college and university business officers predict that new spending at their institution will come from reallocated dollars rather than an increase in net revenue.
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American Council on Education
Anne Arundel Community College
Association of Governing Boards of Colleges and Universities
Bill and Melinda Gates Foundation
Delaware State University
Dillard University
Educause
Howard Community College
Loyola University Maryland
Lumina Foundation
Marshall University
Michigan Technological University
Northeast Ohio Medical University
Notre Dame of Maryland University
St. Bonaventure University
The City University of New York
The George Washington University
The University of Texas at Dallas
The William and Flora Hewlett Foundation
The World Bank
University of Central Missouri
University of Missouri-Kansas City
University of Missouri System
University of St. Thomas
University of South Carolina
University of West Florida
Vietnamese-German University
West Virginia Higher Education Policy Commission
rpk GROUP serves clients throughout the U.S. and globally, including two-year and four-year schools, public and private sector institutions and systems, educational policy and governance organizations, and foundations. Our teams of experts have helped to launch brand-new institutions, as well as revitalize traditional institutions of higher education. The following represents a sampling of our consulting engagements:
To learn how rpk GROUP can help you ask and answer the questions that matter most, please connect with us at [email protected] or call us at 410-591-9018.
OUR CLIENTS
Revitalizing and reimagining today’s higher education institutions
rpkgroup.com [email protected]
At rpk GROUP, each of our consultants are leaders in their disciplines. Together, they help institutions create safe spaces where difficult decisions can be
made through data-informed, strategically framed dialogue. Each of our team members brings over 20 years of experience serving higher education and other non-profits. They have “sat in the chair” and understand the challenges facing your institution
today, as well as the solutions that are now transforming the industry.
Connect with usrpkgroup.com | [email protected] | 410-591-9018 | 3 Church Circle, Suite 164, Annapolis, MD 21401
OUR TEAM
Experience. Understanding. Transformational Thinking.