Leveraging Academic Assets
        
        
        
         If you know the enemy and know yourself, you need 
  not fear the result of a hundred battles. If you know yourself but not the enemy, 
  for every victory gained you will also suffer a defeat. If you know neither 
  the enemy nor yourself, you will succumb in every battle.
If you know the enemy and know yourself, you need 
  not fear the result of a hundred battles. If you know yourself but not the enemy, 
  for every victory gained you will also suffer a defeat. If you know neither 
  the enemy nor yourself, you will succumb in every battle.
  —Sun Tzu, The Art of War
The literature is full of strategies, some complicated and some simple, for 
  maximizing the return on IT investment, especially for online offerings and 
  related course materials. Some advocate minimizing expenses and taking advantage 
  of outsourcing opportunities, while others propose using a SWOT (strengths, 
  weaknesses, opportunities, and threats) analysis approach to success. Why not 
  draw on the 2,500-year-old wisdom of a master strategist to help us with our 
  modern battles with IT planning? In The Art of War, the ancient Chinese philosopher 
  Sun Tzu advised that it is important to “know the enemy and know yourself.” 
  And while IT planning is thankfully not a real battlefield, the stakes are high 
  enough to give these words some thoughtful consideration.
 Knowing Yourself
  
  The first consideration in Sun Tzu’s advice is knowing yourself. You should 
  put your initial focus on one thing, and that is understanding your institution’s 
  potential. Determine the breadth and depth of the online assets your institution 
  has available. Significant opportunities may already exist that lie unrecognized 
  within one program or one school. It is possible to improve your institution’s 
  return on investment for online offerings by identifying what is already available 
  that can be taken to market quickly, with little or no preparation. This process 
  is called an internal audit and is conducted in order to identify online materials 
  that can be reused or repurposed to other markets without the commitment of 
  significant resources.
 Why Conduct an Internal Audit?
  
  Often the development of an online program is undertaken for one particular 
  use and with a specific audience in mind. This presents a challenge when trying 
  to improve the return on investment, since the expense to develop the course 
  is only spread over one audience and a limited number of uses. One way to decrease 
  the aggregate cost and to increase the return on investment is to identify the 
  various online courses owned by the institution and try to promote their application 
  within new, related markets.
 The challenge to doing that is that specific online offerings have most likely 
  been developed within a particular school or college on campus. Take for example, 
  an online hybrid course in Research Methods developed by a faculty member in 
  the School of Pharmacy, complete with notes, slides, and audio. The opportunities 
  for other uses of this course are often overshadowed by the simple fact that 
  no one outside of the School of Pharmacy—or for that matter even within 
  the school itself-knows the course exists.
 Unfortunately, within higher education a communication problem exists whereby 
  there may be limited awareness of the unique and innovative things our colleagues 
  are doing.
This is not a criticism, but rather an acknowledgement that faculty 
  and administrators are usually busy with the myriad of activities associated 
  with their own teaching, research, and service commitments. By raising awareness 
  about online offerings at the institution in general, it may be possible to 
  increase the return on investment through reuse and sharing. The key is to identify 
  the existing online content and determine how it is being used, how well it 
  is being used, and whether it can be used in other ways.
 In any business it is imperative that inventory is accurately accounted for 
  in order to ensure that the business has what the customer is willing to purchase. 
  Applying this idea shifts the nature of academic inventory from faculty, research, 
  grants, and endowment to online knowledge, more specifically creating a “knowledge 
  as commodity” business model. The internal audit is a product inventory 
  in which online courses are accounted for. The institution attempts to determine 
  the value associated with its most valuable asset, the collective expertise 
  of its faculty.
 The Challenges of Looking Within
  
  The internal audit of online course(s) and other content covers diverse sources 
  including distance and continuing education, onsite courses, and other related 
  online content. It can be broken into three categories: (1) content currently 
  taught online via distance education, (2) content currently taught online to 
  onsite students, and (3) potential online content. In order for an internal 
  audit to be conducted efficiently it will need to be championed by someone within 
  the central administration. This will ensure an institution-wide view of what 
  is available; plus, it will promote centralized coordination of the use of the 
  online materials in a way that will guarantee appropriate rewards to the colleges, 
  departments, and faculty involved.
  To conduct an internal audit it will be necessary to create forms and most likely 
  a database that allows for the appropriate gathering and analyzing of information. 
  Sources of information for the audit can include, but are not limited to, the 
  undergraduate and/or graduate course catalogs, the Office of the Registrar by 
  virtue of reviewing course codes, outreach materials and catalogs, and interviews 
  with faculty and college or department administrators. As the internal audit 
  is conducted, some degree of personal interview may be necessary to get a better 
  determination of the status of the online materials. Since a variety of ways 
  are available to organize the information that is collected, the most important 
  element is the users’ ability to appropriately collate the information 
  once it has been collected. Needless to say, it will take time to conduct the 
  audit, but the benefits will far outweigh the challenges of doing the work.
 Knowing the Enemy
  
  The second consideration of Sun Tzu’s statement, about understanding the 
  enemy, or in this case the marketplace, is a necessity though somewhat beyond 
  the scope of this article. But unless you know what is at your institution’s 
  disposal, it will never be possible to fully understand market potential. Spend 
  the time to ask the questions and explore within your institution, as opposed 
  to merely responding to external market pressures.
 When an audit has been completed, it may be possible to use the same process 
  to review new courses or content that becomes available as well as using it 
  to decide which materials should be brought online. And once you know your inventory, 
  you can make better strategic plans about how best to position your institution’s 
  offerings with respect to the rest of the marketplace.