Your budget is the tactical expression of your strategy. What you value most is where you put your funds. Or at least, that’s how it should be.
Whether you are submitting your budget for approval or evaluating the budget requests others submit to you, this year’s budget season is looking a little different. International recruitment travel? Still off the table. Student recruitment dollars? Still in need of allocation.
With your standard recruitment playbook out the window, a comprehensive budgetary framework to evaluate all the different strategic initiatives on the horizon becomes more important than ever.
Are you devoting enough to the digital channels available? Are you selecting the right channels for your institution? The virtual fair folks are telling you they are really the way to go. Of course they are. Have they shared hard attendance, engagement, and results numbers to prove it?
To help you and your team identify, assess, and evaluate your recruitment initiatives this year, the Intead team took our collective experience with so many different institutional assessments and strategic planning sessions and simplified the process of budget evaluation into 3 Essential Budget Questions — a 1-pager that offers a simplified, high-level approach to considering any budget request.
With this framework for evaluating your plans and whether they merit investment, you’ll take those complex quandaries down to a basic starting point and identify where the opportunities for growth really are.
We think you’ll want to share this one widely. This and a quick review of our recent, highly popular post about how to say no to ideas that are not good enough.
Read on to access the downloadable budget consideration flowchart.Read More