About Strategic Planning
UM System President Tim Wolfe outlined six strategic priorities to the board of curators on April 6, 2012. The systemwide priorities focus on opportunities that allow the university to better execute its core mission areas of teaching, research, service and economic development. Among the priorities was the development of a strategic planning process that would chart the future course of the university.
Work quickly began at the system and campus levels to develop clear and compelling draft strategy statements that would guide the university’s operations over the next five years that: clearly articulate the objective, scope and advantage; have related metrics; drive the system/campus strategic goals and action plans; and are supported by a viable financial plan. Both campus and system administration reported on their draft strategic plans to the board of curators in June 2013.
Work continued over the following months, and a systemwide workshop was held in October 2012 to establish shared situational awareness, identify the key themes and levers that support each strategy, and to empower campus leaders with principles of innovation. Each campus and system administration identified faculty and staff to participate on a team to provid leadership as each continued to refined its strategy statement and develop themes and levers as part of the strategic plan.
In November 2012, a strategic planning overview was shared that included a timeline, information on the development of strategy statements, and next steps to finalizing the plans. Both campus and system administration provided an update to the board of curators in December 2012 and in April 2013.
Campus and system administration plans were submitted in June 2013 and included a high-level description of projects and their associated metrics, owners, deadlines and related financial plans. On August 30, 2013, a milestone in the strategic planning process was reached as President Wolfe announced the distribution of more than $22 million in funding allocations to facilitate campus and system strategic priorities.
A total of $22,172,750 in new funding was distributed to the four campuses and system, including $13,610,000 to the University of Missouri-Columbia—of which $10.67 million was appropriated specifically for a new medical school program and the College of Veterinary Medicine large animal program; $3,202,000 to Missouri University of Science and Technology; $2,165,000 to the University of Missouri-St. Louis; $2,612,750 to the University of Missouri-Kansas City; and $583,000 to the UM System.
In addition to the new state funding targeted for implementing the strategic plans, campus and system administration budgeted an additional $48.5 million for investment in implementing the plan in the first year. The funding identified for this purpose included $25 million from budget reallocation.
Funding targeted for implementation of the strategic plans is allocated based on the set of four criteria developed jointly by the system and campuses: (1) measurable and significant impact on strategy or return on investment; (2) campus priority as evidenced by an investment match; (3) impact on student learning and success; (4) cross campus initiative and/or replicable and scalable. The plans are designed to be reviewed annually in order to add, delete or otherwise modify the actions and the projected funding needs that support the achievement of the strategy on a go forward basis.