In this report, Hanover Research examines best practices followed by institutions of higher education when setting strategic goals and developing plans for implementation. In our review, we focus on strategies for building broad support, ensuring effective implementation, and budgeting and financial planning. In addition, we profile the strategic plans and procedures of specific institutions and identify common trends in their planning processes, goals and initiatives, and implementation and monitoring methods.
This report examines best practices in strategic planning at higher education institutions and profiles the strategic plans and planning processes in place at five specific institutions. The discussion has been informed by three areas of concern common to many higher education institutions: the need to manage changing funding models, the need to seek more sustainable support from key constituents, and the need to improve student recruitment and retention.