Idea Bank: Cost reduction strategies

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
5/12/13
Potential areas for cost reduction
0
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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
Increased revenue streams or decreased spending?
0
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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?
0
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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
4/16/13
Video is too expensive
0
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Currently, capturing video is a very manual process and is very expensive. There must be technology out there which can radically automate the video capture process. We should identify it and then roll out the same, standardized technology in every...

1 Comments
A New Financial Model, Cost reduction strategies, Education & Facilities, Physical spaces, video
4/12/13
We should never loose sight of humanity. We cannot learn to be social if we are locked in our rooms.
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**Submitted by the MIT Alumni Association on behalf of david.dinhofer@dinhofer.net, Class of 1975.**

I would like to start by saying that my experience and memories at MIT are centered around...

1 Comments
A New Financial Model, Improving accessibility and affordability, Revenue opportunities, Cost reduction strategies, Financial models and pricing structures, Education & Facilities, Educational experiences, Academic year, Physical spaces, Global Implications of EdX, Global implications of edX, Beyond the residential campus
4/12/13
IN-PERSON LECTURES are essential.
4
Average: 4 (1 vote)

**Submitted by the MIT Alumni Association on behalf of donferguson@ieee.org, Class of 1957.**

IN PERSON LECTURES are essential, I believe. A live person who is expert on the topic can add emphasis on...

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A New Financial Model, Improving accessibility and affordability, Revenue opportunities, Cost reduction strategies, Financial models and pricing structures, Education & Facilities, Educational experiences, Academic year, Physical spaces, Global Implications of EdX, Global implications of edX, Beyond the residential campus
4/12/13
Rethink the 4-year system of education, but do not kill its warmth and personal attention to students and young instructors
0
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**Submitted to the MIT Alumni Association on behalf of owenmtz@alum.mit.edu, Class of 1960.**

Thanks for your courtesy in requesting my opinion about MIT education. I studied City and Regional...

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A New Financial Model, Improving accessibility and affordability, Revenue opportunities, Cost reduction strategies, Financial models and pricing structures, Education & Facilities, Educational experiences, Academic year, Physical spaces, Global Implications of EdX, Global implications of edX, Beyond the residential campus
4/11/13
Great start.
0
No votes yet

**Posted by the MIT Alumni Association on behalf jhyde@nyc.rr.com.**

All universities should be looking to offer more at drastically lower costs.

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A New Financial Model, Improving accessibility and affordability, Revenue opportunities, Cost reduction strategies, Financial models and pricing structures
4/10/13
Affordable MIT education
0
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By any plausible metric (tuition adjusted for inflation, ratio of tuition to family income, ratio of tuition to compensation for new MIT graduates), the cost of an MIT education has skyrocketed over the past generation. Yes, there is assistance for...

1 Comments
A New Financial Model, Improving accessibility and affordability, Cost reduction strategies, Affordability