Alejandro Gutierrez
Define Organization Level Goals that would tie to the project in the case (5 points), Describe the connection between the organization goals and the project outcomes – be very specific (15 points) Include sponsor and key stakeholders.
Show how the project will meet those goals – be very specific (10 Points)
The primary organization goals for this project with the Loyola CIE is:
More [quality] applications for Baltipreneurs program, from both student population and students.
This is an easy metric that is related to several outcomes. First, more applications from the community implies that awareness has spread about the program in the Baltimore area community; more quality applications is indicative of the program being better understood, as well as an increased level of entrepreneurship and innovation in the city. Even if this is the cause and not the symptom, more quality businesses going through the program will improve Loyola’s reputation and relationship with the community, as well as contributing to the overall ecosystem in Baltimore. As far as relationship to competition (of which the relationship is moreso collaborative than competitive), it signals Loyola CIE securing its place among more longstanding innovation programs, like Betamore or ETC (which is ranked in top 10 in the nation as far as participant company success). This connects to the overarching goal of Loyola CIE, which is the fomentation of the Baltimore business ecosystem through innovation and entrepreneurship, especially with businesses with founders of color, to provide a positive impact to the community and economy at large. More quality student applications implies the same about the student body in an even more clear-cut manner; the presence of more applications displays a wider awareness and understanding of the Loyola CIE and its available resources, as well as the innovative spirit spreading among the student body. This directly impacts the second goal of the Loyola CIE, to involve students in entrepreneurship and innovation initiatives and connect them positively with the surrounding community. All this necessitates a steady change in Loyola’s reputation in the area, which has hitherto been more aloof and only involved in a community service capacity (as is the Jesuit way).
The sponsor helping along the way is Wendy Bolger, the Director of the CIE; key stakeholders involved and to be interviewed include Bill Romani (Entrepreneur in Residence, CIE partner) and the Deans (Getz and Smith, allies with the Baltipreneurs program). The clients and targets of change are the students and community, particularly the pending quality business founders.
More “downstream” effects:
-Happy mentors – a better quality program that is better prepared for COVID-19 and features higher quality businesses will raise the status of the program, allowing for more networking potential and perks offered for the mentors who are otherwise volunteering their time. Mentor satisfaction will be measured with surveys throughout the program using a Likert scale measuring various aspects of the program, focusing on utility.
-An effective remote program with more dedicated companies that can better navigate online technology and provide growth metrics/ be motivated to make their companies grow and successfully use provided resources.
-Better quality program means more success and higher reputation, which will hopefully lead to more funding donations. Last year $10K was donated, the goal for this year is a tentative $20K.
-Increased reputation in the Baltimore ecosystem means more credibility within Loyola University, meaning the program has to navigate a lower level of organizational politics and increases independence and autonomy.
-Increased reputation means more qualified professionals and academics seeking to get involved with the program and the steering committee, as well as increased external connections like fellowships and collaborations with other institutions. Loyola CIE and Baltipreneurs will be able to leverage experience from year to year to tell a story, show success, and reach more people via networking.
-More student involvement creates momentum within the student body to increase involvement and capacity for the students to have input on the continuing offerings and design of the program.
The Project will meet these goals by interviewing key stakeholders (the Deans involved) on the program, interviewing the participating businesses throughout the program as weeks go on, and interviewing/marketing to the student body to discover and meet needs. The KPI for applications is an increase to 80-100 applications, at least 30 from students, with at least 1/3 being of sufficient quality. This is the key stakeholder priority and leads to other successes in the secondary goals mentioned above. This increase in applications is the key internal metric; other resulting metrics to monitor once the program gets underway are the satisfaction of mentors and stakeholders in the program, the progress of the businesses, etc. The listed external metrics are more “soft” to measure, and are impacted by the internal ones (Jones & Rothwell, 2017, pp. 60-62).
The discrepancy between the current state is not enormous, as the increase in applications numerically only needs to rise by about 50% – the main issue, however, is the quality of the applications, and the quality of the business participation and capitalization on the program resources in a remote format (Jones & Rothwell, 2017, p. 64).
Using the tables in Jones & Rothwell, pp. 66-67:
Business Direction – Community impact, increase innovation and entrepreneurship.
Power Structure – Director Bolger is the main contact, with the Deans providing support, and the administrator (Vargas) helping with daily activities. Romani offers advice and counsel. All activities are beholden to the Provost, although she is fairly distant and more involved with University activities instead of the CIE
Who is involved – All must run through Wendy
Roadblocks – limited reach with COVID-19 forcing everything remote. University politics at a certain level, as the Provost can stop any activity at any time. Not a large amount of funding.
Benchmark expectations – previous applications were around 60, mostly unqualified. Student applications only had 2 of quality.
How things get done – All levels are empowered, organization is small. Mentality is one of testing and trial and error.
Jones, C.M., & Rothwell, W.J. (2017). Evaluating organization development: How to ensure and sustain the successful transformation. Boca Raton, FL: CRC Press (Taylor & Francis Group). ISBN: 9781138196452.