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Strategic Considerations and Operational Practice in Sponsored Research

Zachary Cox

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Published in Employee Resourcing In The Construction Industry: Strategic Considerations And Operational Practice (Spon Research)

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Sponsored research is a critical component of many universities and research institutions. It provides funding for research projects, supports the development of new knowledge, and helps to train the next generation of researchers. However, managing sponsored research can be complex and challenging. This article will discuss some of the key strategic considerations and operational practices that can help institutions to optimize their sponsored research programs.

Strategic Considerations

There are a number of strategic considerations that institutions should take into account when developing their sponsored research programs. These include:

Employee Resourcing in the Construction Industry: Strategic Considerations and Operational Practice (Spon Research)

by Alan Weiss

4.3 out of 5

Language	:	English
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Mission and goals: The institution's mission and goals should guide the development of its sponsored research program. Institutions should focus on research areas that are aligned with their mission and that will help them to achieve their goals.
Strengths and weaknesses: Institutions should assess their strengths and weaknesses in order to identify areas where they can compete for funding. Institutions should focus on areas where they have a strong track record of success and where they can leverage their unique expertise.
Market opportunities: Institutions should also assess the market opportunities for sponsored research. This includes identifying potential funding sources and understanding the competition for funding. Institutions should focus on areas where there is a high demand for research and where they have a competitive advantage.
Risk tolerance: Institutions should also consider their risk tolerance when developing their sponsored research programs. Some institutions may be willing to take on more risk in order to secure funding for high-impact research projects. Others may prefer to focus on less risky research projects with a higher likelihood of success.

Operational Practices

In addition to strategic considerations, there are a number of operational practices that institutions can implement to improve the management of their sponsored research programs. These include:

Developing a strong infrastructure: Institutions should develop a strong infrastructure to support their sponsored research programs. This includes hiring qualified staff, developing efficient processes, and creating a culture of compliance.
Marketing and outreach: Institutions should market their research capabilities to potential funding sources. This includes developing a strong online presence, attending conferences, and submitting proposals to funding agencies.
Proposal development: Institutions should develop a strong proposal development process. This includes providing training to faculty on how to write competitive proposals and providing support for proposal submission.
Award management: Institutions should develop a strong award management process. This includes tracking awards, managing budgets, and ensuring compliance with all applicable regulations.
Financial management: Institutions should develop a strong financial management process for sponsored research. This includes tracking expenses, managing cash flow, and ensuring that all financial reports are accurate and timely.
Compliance: Institutions should develop a strong compliance program for sponsored research. This includes training staff on all applicable regulations and ensuring that all sponsored research activities are conducted in compliance with those regulations.

By following these strategic considerations and operational practices, institutions can optimize their sponsored research programs and achieve their research goals. Sponsored research is a complex and challenging field, but by following the advice in this article, institutions can improve their chances of success.

Employee Resourcing in the Construction Industry: Strategic Considerations and Operational Practice (Spon Research)

by Alan Weiss

4.3 out of 5