Idea Bank: A New Financial Model

5/23/13
Better prepare MIT Ph.D.s to be industry leaders
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Fewer than 25% of MIT Ph.D. students will continue on to professorship. Most of them will work in private industry, in the US and abroad. My vision is that Ph.D. students would be prepared to become industry leaders when they leave their labs. They...

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A New Financial Model, Revenue opportunities, Education & Facilities, Educational experiences, graduate students, phd, career services
5/20/13
Solving the Scholarly Communication Crisis
4
Average: 4 (1 vote)

Significant dollars can be redirected back to universities from commercial publishers by the advocacy of publishing at reasonable prices. MIT is well positioned to lead in this transformation, thereby translating what is now a significant cost into...

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A New Financial Model, Revenue opportunities, Cost reduction strategies, publishing, communications, research, access, experiments
5/16/13
Online Education
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I wanted to thank MIT for the opportunity to converse on its future path and present my perspective on this topic. I got my bachelors degree in Course 6.1 in 1996 and currently I am a law partner and patent attorney at a local law firm in Boston....

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A New Financial Model, Improving accessibility and affordability, Revenue opportunities
5/14/13
Fund undergraduate education by partnering with industry
5
Average: 5 (1 vote)

MIT already funds graduate education for many students via research partnerships. This is an extension of that concept outside the field of research and can be applied to any stage of a collegiate education.

I studied mechanical engineering at...

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A New Financial Model, Improving accessibility and affordability, Revenue opportunities, Education & Facilities, Educational experiences
5/12/13
Potential areas for cost reduction
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Submitted on behalf of Administrative Council, Discussion Table 15
Brainstorm question - What costs does MIT guarantee and what do we cut when faced with hard choices?

Costs to be maintained/increased:

Renewal of lab space
...

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A New Financial Model, Cost reduction strategies
5/12/13
Space economy
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Submitted on behalf of Administrative Council, Discussion Table 20
Brainstorm question - What costs does MIT guarantee and what do we cut when faced with hard choices?

What core should MIT keep?
Keep on campus experience; living...

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A New Financial Model, Revenue opportunities, Education & Facilities, Physical spaces
5/12/13
Increasing revenue opportunities
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Submitted on behalf of Administrative Council, Discussion Table 19
Brainstorm question - What costs does MIT guarantee and what do we cut when faced with hard choices?

We began by posing several other questions related to the question we...

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A New Financial Model, Revenue opportunities
5/12/13
Online learning and impacts on space
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Submitted on behalf of Administrative Council, Discussion Table 18
Brainstorm question - What costs does MIT guarantee and what do we cut when faced with hard choices?

Re-focus classroom space from facilities from rooms to lecture (...

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A New Financial Model, Revenue opportunities, Education & Facilities, Physical spaces
5/12/13
Increased revenue streams or decreased spending?
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Submitted on behalf of Administrative Council, Discussion Table 17
Brainstorm question - What costs does MIT guarantee and what do we cut when faced with hard choices?

Cost has two components – increased revenue stream or decreased...

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A New Financial Model, Revenue opportunities, Cost reduction strategies
5/12/13
What do we cut when faced with hard choices?
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Submitted on behalf of Administrative Council, Discussion Table 16
Brainstorm question - What costs does MIT guarantee and what do we cut when faced with hard choices?

Essential cost
• Residences, communal spaces; more common areas...

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A New Financial Model, Cost reduction strategies