ISM CONSULTING Presented by: Terry L Moore, Sr. Strategic Planning Retreat Executive Consultant © 2014 Independent School Management ISM CONSULTING Contact Websites
[email protected] isminc.com facebook.com/ismfanpage Office:302.646.4944 Twitter.com/isminc youtube.com/indschmgt About ISM Founded in 1975 Serves independent schools exclusively Presenter 8778 clients Terry L. Moore United States and 31 foreign countries Primarily a research firm Consultations, publications, workshops, and online learning Insurance Consortium © 2014 Independent School Management ISM CONSULTING Creating A Strategic Plan 3-6 plan to guide the overall direction of the school 3-6 financial plan with estimates to assure the strategic plan is executable ISM Method 1. Educate the Board about what really matters. 2. Review important data to help you understand where the school is vis-à-vis other independent schools. 3. Brainstorm the ideal school in 5 years © 2014 Independent School Management ISM CONSULTING Competing Tuition Philosophies Price Ceiling Versus No Price Ceiling © 2014 Independent School Management ISM CONSULTING 3 PI School Taxonomies Price Product Process © 2014 Independent School Management ISM CONSULTING Price Product Process Characteristics Characteristic Price Product Process Student/Fclty 16:1 10:1 8:1 Ratio Student/Stf 11.7:1 5.8:1 5.1 -1 Ratio Tuition $7,000 $20,000 $25,000 Faculty 44 70 88 Admin/Staff 16 50 50 © 2014 Independent School Management ISM CONSULTING Key Outcomes – High Performing/High Perceived Value Schools Board – highly