VISION 10:2022: A REVIEW OF SIGNIFICANT BENCHMARKS
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Prof. Charles Ayo
CIS Department
Covenant University, Ota, Nigeria
A Presentation @ the 2018/2019 Executive Advance
Outline
1.
Introduction
2.
Ranking Parameters
3.
Benchmarking
4.
KPIs to watch
5.
Recommendations & Conclusion
Introduction
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Benchmarking is a management technique used by
Benchmarking is a management technique used by
businesses to establish measures of their
businesses to establish measures of their
performances.
performances.
It’s one thing to have your KPIs, it’s another to
It’s one thing to have your KPIs, it’s another to
determine the effectiveness and efficiency of the
determine the effectiveness and efficiency of the
approach
approach
Remember, when purpose is not clearly defined …..
Remember, when purpose is not clearly defined …..
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According to the Harvard Business Review,
According to the Harvard Business Review,
benchmarking is used in a number of levels. Some of
benchmarking is used in a number of levels. Some of
them include:
them include:
Strategic Benchmarking
Strategic Benchmarking
– to drive continuous improvement
– to drive continuous improvement
and overall business strategy
and overall business strategy
Competitive Benchmarking
Competitive Benchmarking
– to measure the competitive
– to measure the competitive
position
position
Best Practice Benchmarking
Best Practice Benchmarking
– the minimum process to meet
– the minimum process to meet
the business driver requirements for time and cost
the business driver requirements for time and cost
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Driving Excellence within the remaining four years to
Driving Excellence within the remaining four years to
the fulfillment of the Vision.
the fulfillment of the Vision.
Effectiveness – working on the right things
Effectiveness – working on the right things
Efficiency – doing things right
Efficiency – doing things right
Excellence – doing the right things right
Excellence – doing the right things right
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“Life in the 20
“Life in the 20
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century is like a parachute
century is like a parachute
jump: you have to get it right the first time.”
jump: you have to get it right the first time.”
– Margaret Mead
– Margaret Mead
Ranking Parameters
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THE Ranking parameters:
THE Ranking parameters:
Teaching (learning environment) – 30%
Teaching (learning environment) – 30%
Research (volume, income and reputation) – 30%
Research (volume, income and reputation) – 30%
Citations (research influence) – 30%
Citations (research influence) – 30%
International outlook (staff, students and research) – 7.5%
International outlook (staff, students and research) – 7.5%
Industry income (knowledge transfer) – 2.5%
Industry income (knowledge transfer) – 2.5%
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Let’s get the parameters Under/Over50
Let’s get the parameters Under/Over50
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Let’s get the parameters Under/Over50
Let’s get the parameters Under/Over50
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Let’s get the parameters Under/Over50
Let’s get the parameters Under/Over50
Benchmarking
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KPIs to Watch
KPIs to Watch
Features of the average top 200 university
Features of the average top 200 university
Has a total
Has a total
annual income
annual income
of $751,139 per academic
of $751,139 per academic
Has a
Has a
student-to-staff ratio
student-to-staff ratio
of 11.7:1
of 11.7:1
Hires
Hires
20 per cent
20 per cent
of its staff from abroad
of its staff from abroad
Has a total
Has a total
research income
research income
of $229,109 per
of $229,109 per
academic
academic
Publishes 43 per cent of all its research papers with
Publishes 43 per cent of all its research papers with
at least one
at least one
international co-author
international co-author
Has a student body made up of
Has a student body made up of
19 per cent
19 per cent
international
international
students
students
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KPIs
KPIs
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Webometrics a Factor? (
Webometrics a Factor? (
70
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Industry Partnership and Research Reputation
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How many of our research products are being commercialised?
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What is the state of the Dreamers/Visioners in CU?
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What’s the finality of the our ground-breaking Research Awards?
•
How many home-grown solutions do we have? Are we just
publications focused?
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Reputation in Learning
Engage teaching and learning approach that improves efficiency.
Recruit qualified faculty and staff.
Recruit qualified technologists.
Improve Staff/Student ratio.
Doctorate to Academic Staff ratio.
Doctorate to Bachelors’ ratio.
Income generation through Fees & LLL.
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International Faculty ????
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International Students ???
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Research endeavours should be Society/ Industry
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Any Innovation or Consultancy services for the
public?
Recommendations &
Conclusions
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The Universities to benchmark urgently:
Princeton University
Scuola Superiore Sant’Anna (Italy)
Pohang Univ. of S&T (S/Korea)
Hong Kong Univ. of S&T (Kong Kong)
Specified universities with marked PKIs
Grants and Awards should be lumped together as Research
Income
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Yearly publication of the Annual Reports (
KPIs
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Facts Sheet
Financials
Research Products
Accomplishments
Thank you For
Listening
Benchmarking is a vital management technique for businesses to gauge their performance effectively. The presentation discusses various levels of benchmarking and emphasizes driving excellence to fulfill the vision within a specific time frame. Strategic benchmarking, competitive benchmarking, and best practice benchmarking are highlighted, showcasing the importance of clarity in purpose for success in business strategies.
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www.covenantuniversity.edu.ng Raising a new Generation of Leaders VISION 10:2022: A REVIEW OF SIGNIFICANT BENCHMARKS Prof. Charles Ayo CIS Department Covenant University, Ota, Nigeria A Presentation @ the 2018/2019 Executive Advance
Outline 1. Introduction 2. Ranking Parameters 3. Benchmarking 4. KPIs to watch 5. Recommendations & Conclusion 2 www.covenantuniversity.edu.ng
www.covenantuniversity.edu.ng Raising a new Generation of Leaders Introduction
Introduction Benchmarking is a management technique used by businesses to establish measures of their performances. It s one thing to have your KPIs, it s another to determine the effectiveness and efficiency of the approach Remember, when purpose is not clearly defined .. 4 www.covenantuniversity.edu.ng
Introduction Contd According to the Harvard Business Review, benchmarking is used in a number of levels. Some of them include: Strategic Benchmarking to drive continuous improvement and overall business strategy Competitive Benchmarking to measure the competitive position Best Practice Benchmarking the minimum process to meet the business driver requirements for time and cost 5 www.covenantuniversity.edu.ng
Introduction Contd Driving Excellence within the remaining four years to the fulfillment of the Vision. Effectiveness working on the right things Efficiency doing things right Excellence doing the right things right 6 www.covenantuniversity.edu.ng
Introduction Contd Life in the 20th century is like a parachute jump: you have to get it right the first time. Margaret Mead 7 www.covenantuniversity.edu.ng
www.covenantuniversity.edu.ng Raising a new Generation of Leaders Ranking Parameters
Ranking Parameters THE Ranking parameters: Teaching (learning environment) 30% Research (volume, income and reputation) 30% Citations (research influence) 30% International outlook (staff, students and research) 7.5% Industry income (knowledge transfer) 2.5% 9 www.covenantuniversity.edu.ng
Ranking Parameters Contd Let s get the parameters Under/Over50 A. Teaching (learning environment): 30% Under 50 (%) 10 Above 50 (%) Reputation survey 15 Staff-to-student ratio 6 4.5 Doctorate-to-bachelor s ratio 3 2.25 Doctorates-awarded to academic-staff ratio 8 6 Institutional income 3 2.25 10 www.covenantuniversity.edu.ng
Ranking Parameters Contd Let s get the parameters Under/Over50 B. Research (volume, income and reputation): 30% Reputation survey Under 50 (%) 12 Above 50 (%) 18 Research income 9 6 Research productivity 9 6 C. Citations (research influence): 30% 30 30 The universities role in spreading new knowledge and ideas. 11 www.covenantuniversity.edu.ng
Ranking Parameters Contd Let s get the parameters Under/Over50 D. International outlook (staff, students, research): 7.5% International-to-domestic-student ratio: 2.5% Under 50 (%) 2.5 Above 50 (%) 2.5 International-to-domestic-staff ratio: 2.5% 2.5 2.5 International collaboration: 2.5% 2.5 2.5 E. Industry income (knowledge transfer): 2.5% Ability to help Industry with Innovations, Inventions and Consultancy/ Research Income Earned from Industry 2.5 2.5 12 www.covenantuniversity.edu.ng
www.covenantuniversity.edu.ng Raising a new Generation of Leaders Benchmarking
Benchmarking Top 10 (Above 50) S/N University Overall Teaching Research Citation Industry International Outlook 95.0 Income 63.7 94.3 86.7 99.5 99.1 1 Univ. of Oxford (UK) 93.2 93.0 87.8 90.3 97.8 97.5 97.5 99.5 51.5 92.6 93.0 59.7 2 Univ. of Cambridge (UK) 3 CalTech (US) 93.0 89.1 96.7 99.9 60.5 77.7 4 Stanford (US) 92.5 91.8 91.1 87.3 84.2 85.7 91.9 98.4 93.9 100.0 99.7 99.6 88.4 46.4 58.0 87.6 79.7 78.7 5 MIT (US) 6 Harvard (US) 7 Princeton (US) 8 Imperial College London (UK) 89.2 81.7 88.7 96.7 71.6 96.6 88.6 85.3 90.1 99.4 39.8 69.6 9 University of Chicago (US) 87.7 76.4 92.0 94.3 60.3 98.1 10 ETH Zurich (SWLD) 14 www.covenantuniversity.edu.ng
Benchmarking Top 10 (Above 50) S/N University No of FTE Students Staff/Student Ratio International Student Female:Male Ratio 20,409 1:11.2 38% 46:54 1 Univ. of Oxford (UK) 18,389 2,209 15,845 11,177 20,326 7,955 15,857 13,525 19,361 1:10.9 1:6.5 1:7.5 1:8.7 1:8.9 1:8.3 1:11.4 1:6.2 1:6.5 35% 27% 22% 34% 26% 24% 55% 25% 20% 45:55 31:69 42:58 37:63 n/a 45:55 37:63 44:56 50:50 2 Univ. of Cambridge (UK) 3 CalTech (US) 4 Stanford (US) 5 MIT (US) 6 Harvard (US) 7 Princeton (US) 8 Imperial College London (UK) 9 University of Chicago (US) 10 ETH Zurich (SWLD) 15 www.covenantuniversity.edu.ng
Benchmarking Top 10 (Under 50) S/N University Overall Teaching Research Citation Industry International Outlook 83.4 Income 58.1 76.7 58.2 78.5 93.1 1 Hong Kong Univ. of S&T (Kong Kong) Ecole Poly. (SWLD) 76.1 74.7 59.7 52.4 68.8 74.1 94.2 90.7 76.0 94.0 98.7 95.9 2 3 Nanyang Tech Univ. (Singapore) PSL Res. Univ. of Paris (France) Maastricht Univ. (Neth) 67.3 58.5 57.5 85.0 48.2 76.7 4 66.9 65.5 65.4 45.8 62.6 48.3 65.9 68.2 63.8 79.9 70.4 79.4 87.6 100.0 65.9 96.7 35.6 84.4 5 6 Korea Adv. Int. S&T (KAIST) 7 City Univ. of Hong Kong (Hong Kong) Pohang Univ. of S&T (S/Korea) Scoula Superior Sant Anna (Italy) Univ. of Alabama Birmingham (US) 65.0 58.1 65.3 76.4 99.8 34.3 8 64.1 53.9 52.3 88.0 87.8 48.3 9 62.3 51.2 47.2 95.1 67.6 34.6 10 16 www.covenantuniversity.edu.ng
Benchmarking Top 10 (Under 50) S/N University No of FTE Students Staff/Student Ratio International Student Female:Male Ratio 10,214 1:23.1 31% n/a 1 Hong Kong Univ. of S&T (Kong Kong) 9,928 25,499 19,978 16,727 9,464 9,240 3,046 690 15,703 1:11.2 1:16.3 1:10.1 1:18.0 1:10.6 11.2 10.4 11.7 15.2 55% 31% 25% 50% 9% 35% 4% 14% 6% 28:72 48:52 n/a 58:42 20:80 54:46 22:63 37:63 61:39 2 Ecole Poly. (SWLD) 3 Nanyang Tech Univ. (Singapore) 4 PSL Res. Univ. of Paris (France) 5 Maastricht Univ. (Neth) 6 Korean Adv. Int. S&T (KAIST) 7 City Univ. of Hong Kong (Hong Kong) 8 Pohang Univ. of S&T (S/Korea) 9 Scoula Superior Sant Anna (Italy) 10 Univ. of Alabama Birmingham (US) 17 www.covenantuniversity.edu.ng
www.covenantuniversity.edu.ng Raising a new Generation of Leaders KPIs to Watch
KPIs to Watch Features of the average top 200 university Has a total annual income of $751,139 per academic Has a student-to-staff ratio of 11.7:1 Hires 20 per cent of its staff from abroad Has a total research income of $229,109 per academic Publishes 43 per cent of all its research papers with at least one international co-author Has a student body made up of 19 per cent international students 19 www.covenantuniversity.edu.ng
KPIs Scholarly Outputs S/N University 2013 2014 2015 2016 2017 2018 Hong Kong Univ. of S&T (Kong Kong) 1 2,369 2,590 2615 2781 2,800 1,469 Ecole Poly. (Switserland) 2 4,704 4,549 4,665 4,415 4,552 2,125 Nanyang Tech Univ. (Singapore) 3 6,341 6,589 7,344 7,344 7,820 3,983 PSL Res. Univ. of Paris (France) 4 6,867 6,999 7,493 7,530 7,874 4,026 Maastricht Univ. (Netherlands) 5 4,704 4,549 4,665 4,415 3,981 2,370 Korea Adv. Int. S&T (KAIST) 6 3,783 3,855 3,979 3,976 3,941 2,036 City Univ. of Hong Kong (Hong Kong) 7 2,991 3,190 3,179 3,189 3,543 2,164 Pohang Univ. of S&T (S/Korea) 8 1,996 1,968 2,050 2,092 1,937 1,065 Scuola Superiore Sant Anna (Italy) 9 570 649 680 661 713 428 Univ. of Alabama Birmingham (US) 10 3,099 3,199 3,240 3,423 3,612 2,027 11 Covenant University 168 230 307 443 537 375 20 www.covenantuniversity.edu.ng
KPIs Scholarly Outputs 21 www.covenantuniversity.edu.ng
KPIs Webometrics a Factor? (70 500) S/N World Ranking Presence Impact Openness Excellence University 180 390 212 154 221 Hong Kong Univ. of S&T (Kong Kong) Ecole Poly. (Swizaland) 1 73 117 n/a 398 193 199 115 467 114 288 10 153 83 49 n/a 292 199 176 2 Nanyang Tech Univ. (Singapore) 3 PSL Res. Univ. of Paris (France) 4 1136 125 896 829 251 298 149 361 115 Maastricht Univ. (Neth) 5 Korean Adv. Int. S&T (KAIST) 6 7 City Univ. of Hong Kong (Hong Kong) Pohang Univ. of S&T (S/Korea) 449 n/a 462 793 557 375 8 Scuola Superiore Sant Anna (Italy) Univ. of Alabama Birmingham (US) Covenant University 9 185 779 266 284 153 10 11 2244 1163 3153 2517 2579 22 www.covenantuniversity.edu.ng
KPIs Research Products Industry Partnership and Research Reputation How many of our research products are being commercialised? What is the state of the Dreamers/Visioners in CU? What s the finality of the our ground-breaking Research Awards? How many home-grown solutions do we have? Are we just publications focused? 23 www.covenantuniversity.edu.ng
KPIs - Spin off from Universities Spin Off Siri Description Artificial Intelligence PA PhD project of Larry Page and Sergey Brin SUN (Stanford University Network) Developed by graduate student (Jerry Yang) Spinner Stanford University Bought by Apple Inc. for US$200 million Stanford University Currently valued at US$547 billion from US$23 billion in 2004 Stanford University Bought by Oracle in 2010 for US7.4 billion Outcome Google SUN Microsys tem Yahoo Stanford University Valued at US$29.04 billion with 12,500 employees. 24 www.covenantuniversity.edu.ng
KPIs - Spin off from Universities Esthechoc Anti-ageing chocolate that can change the underlying skin of a 50-60 year old into the 20s or 30s. Ultivue Imaging reagents that provide standard microscopes with super resolution capabilities. Cambridge University Costs US$54 with high volume sales. Scientifically proven for improvement of skin metabolism. Harvard University Got $5.15 million in start-up finance from investors. 25 www.covenantuniversity.edu.ng
KPIs - Spin off from Universities MRI Scanner Medical imaging technique used in radiology Needle-free injection technology Nottingham University Made huge fortune by addressing major health challenges. Bought by Chiron (US pharmaceuticals group) in 2003 for 542 million, making the inventor (Prof. Brian Bellhouse) a multi- million PowderJect Oxford University
KPIs Teaching Excellence Reputation in Learning Engage teaching and learning approach that improves efficiency. Recruit qualified faculty and staff. Recruit qualified technologists. Improve Staff/Student ratio. Doctorate to Academic Staff ratio. Doctorate to Bachelors ratio. Income generation through Fees & LLL. 27 www.covenantuniversity.edu.ng
KPIs Citations (2,654) 28 www.covenantuniversity.edu.ng
KPIs International Outlook International Faculty ???? International Students ??? 29 www.covenantuniversity.edu.ng
KPIs Industry Income Research endeavours should be Society/ Industry focused Any Innovation or Consultancy services for the public? 30 www.covenantuniversity.edu.ng
www.covenantuniversity.edu.ng Raising a new Generation of Leaders Recommendations & Conclusions
Recommendations and Conclusion The Universities to benchmark urgently: Princeton University Scuola Superiore Sant Anna (Italy) Pohang Univ. of S&T (S/Korea) Hong Kong Univ. of S&T (Kong Kong) Specified universities with marked PKIs Grants and Awards should be lumped together as Research Income 32 www.covenantuniversity.edu.ng
Recommendations and Conclusion Yearly publication of the Annual Reports (KPIs) Facts Sheet Financials Research Products Accomplishments 33 www.covenantuniversity.edu.ng
www.covenantuniversity.edu.ng Raising a new Generation of Leaders Thank you For Listening
