By Gary D. Levy, Nicolas A. Valcik
While the time period benchmarking is ordinary these days in institutional study and better schooling, much less universal, is an excellent knowing of what it relatively capability and the way it's been, and will be, used effectively.
This quantity starts by means of defining benchmarking as “a strategic and established procedure wherein a company compares facets of its procedures and/or results to these of one other association or set of agencies to spot possibilities for improvement.”
Building in this definition, the chapters offer a short background of the evolution and emergence of benchmarking normally and in greater schooling specifically. The authors observe benchmarking to:
- Enrollment administration and scholar success
- Institutional effectiveness
- The strength fiscal impression of upper schooling associations on their host communities.
They examine using nationwide exterior survey information in institutional benchmarking and choice of peer associations, introduce multivariate statistical methodologies for steering that choice, and view a singular software of baseball sabermetric tools. the amount bargains a fantastic start line for these new to benchmarking in greater schooling and offers examples of present top practices and potential new directions.
This is the 156th quantity of this Jossey-Bass sequence. regularly well timed and complete, New instructions for Institutional Research offers planners and directors in every kind of educational associations with guidance in such components as source coordination, info research, software assessment, and institutional management.
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Extra info for Benchmarking in Institutional Research: New Directions for Institutional Research, Number 156
A four-year college that has a comparable six-year graduation rate with similarly priced peer institutions but a lower fouryear graduation rate may represent a worse educational value because costs continue into the fifth or even sixth year, and because opportunities provided by graduation are not realized as quickly. If this pattern is coupled with higher average debt loads at graduation, then a college could improve its value to students and its affordability by finding ways to enable more students to complete their degrees on time.
Individual units develop their own approaches to this evaluation but seldom look across units to discover what they can learn from each other. Internal benchmarking takes advantage of the experts and expert knowledge already residing within the institution to achieve that effectiveness and demonstrate a commitment to continuous improvement. References Alstete, H. ). Benchmarking in Higher Education: Adapting Best Practices to Improve Quality. ASHE-ERIC Higher Education Report, no. 24(5), 1995. Baldrige Performance Excellence Program.
Considering Camp’s working definition for benchmarking mentioned earlier, “the search for industry best practices” is a critical part of the benchmarking process. 1002/ir 44 Benchmarking in Institutional Research will be derived using average rankings of multiple performance criteria to determine standings among institutions (Laise, 2004). In this case, the “best performer” is the institution receiving the highest averaged value among the rankings of all of the chosen performance criteria. The averaging methodology in general is a reliable data reduction process to allow decision makers to rank institutions according to their average rankings.
Benchmarking in Institutional Research: New Directions for Institutional Research, Number 156 by Gary D. Levy, Nicolas A. Valcik