Preparing For the Future
The self-study found that Webster’s allocation of resources and our planning efforts demonstrate our capacity to fulfill our mission, improve our quality, and to properly respond to our future challenges and opportunities. The University, while still tuition dependent, has demonstrated a strong track record of fiscal health and long-term viability.
Remarkable progress in fully implementing reliable assessment and evaluation processes have improved and informed our continuous improvement initiatives. The self-study noted that initiatives to create a new Strategic Plan (“Vision 2020”) were moving quickly and would clearly document the alignment of resource allocation with planning. This is a major initiative, with the draft Strategic Plan having strong endorsement and participation from all University constituents.
As a tuition-dependent institution, Webster’s Advancement and Development activities must continue to have success. A major comprehensive campaign is well underway. This initiative will provide funding for several major capital projects (a new School of Business, new science facilities, and general academic classrooms). This campaign will also enhance endowment and scholarship funding. One significant deferred maintenance issue impacting instructional facilities is the Art Department.
The self-study team noted that funding has been authorized to renovate this building’s infrastructure and utilities during Summer 2008.
The self-study noted the institution’s strong resource base and its strong fiscal operations in recent years. This was accomplished even as the military education portfolio has dramatically declined due to the Iraq War. This strong fiscal position will provide the institution with opportunities in the future for investment.
In summary, the self-study found Webster University well positioned for its future, and its planning process to be “future oriented.”