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Title:The Library as Strategic Investment: Results of the University of Illinois "Return on Investment" Study From the Director's Perspective
Author(s):Kaufman, Paula T.
Subject(s):Return on Investment
Academic Library Assessment
Academic Library Value
Higher Education
Academic Libraries
Accountability
Abstract:In an era of increased concern about accountability in higher education, it is critical for the library director to be able to demonstrate the library's value to the parent organization. Discussions of the University's "return on investment" (ROI) for the funds provided to the library must be made in easily-articulated, quantitative terms that focus on outputs and results, rather than on our traditionally-reported input measures. In this presentation, I report from the perspective of an academic library director on the findings of a study undertaken at the University of Illinois at Urbana-Champaign to determine the return on the University's investment in its library by developing a quantitative measure focused on the library's impact on campus-wide initiatives, as represented by the contribution of access to digital content to the successful application for extra-mural (i.e., grant) funding. The study confirmed the benefits of using electronic resources and demonstrated their impact on research productivity over a 10-year period. The results of this study, believed to be the first of its kind, represent the first piece of the answer to the challenge of demonstrating quantitatively the university's total return from its investment in its library.
Issue Date:2008-07-16
Citation Info:Kaufman, P. (2008, July). The library as strategic investment: Results of the University of Illinois "Return on Investment" Study From the Director's Perspective. Address presented at the LibraryConnect Seminar, July 16, 2008, Tokyo, Japan.
Genre:Conference Paper / Presentation
Type:Other
Text
Language:English
URI:http://hdl.handle.net/2142/8770
Publication Status:unpublished
Peer Reviewed:not peer reviewed
Date Available in IDEALS:2008-06-19


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