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The UWI launches ‘Operation Revenue Revolution 75+’

On Wednesday, July 14, Vice-Chancellor of The University of the West Indies (The UWI) Professor Sir Hilary Beckles, leading the University’s Executive Management Team in a strategic planning retreat, launched Operation RR75+, the second, five years of its ten-year strategic plan.
Describing the new five-year operation plan, Operation Revenue Revolution 75+ (Operation RR75+), he noted that this was an historic moment because it is the first time in its 73-year-old history that the University will be implementing an operational plan dedicated solely and exclusively to addressing its financial sustainability.
Vice-Chancellor Beckles noted that in the prior five-year operational plan, themed “The Reputation Revolution”, the University focused on rebuilding its brand, and radically upgrading its reputation regionally and globally as a pre-condition for the second phase.
He noted, “We could not go to the region and world for resources and development partnerships with our brand and reputation in question. We had to put our house in good order before going out into the very competitive higher education world.”
“The results of this first phase were spectacular” he said. He added, “The UWI in 2019 received a ‘triple 1st ranking’ from the Times Higher Education: number 1 in the Caribbean, top 1% in Latin America and the Caribbean region, and top 1% in its global cohort (of universities between 50 and 80 years old).  The UWI is now ready for a fully fledged revenue revolution. The foundations have already been laid in the prior five years, but the blinkered singularity of purpose is now before us. This is not a knee-jerk COVID-19 response. It was on the cards in 2017 when the Triple A Strategic Plan was approved. In 2018 and 2019 my annual reports to the University Council spoke to The UWI’s ‘Corporate Bonding’ and ‘Off we go on the Revenue Revolution’, Sir Hilary noted. “The COVID-19 pandemic for us is not a game changer, but a super accelerator. Our thoughts and strategies preceded the 2020 catastrophe.”
Vice-Chancellor Beckles invited Chairman of CARICOM, Prime Minister the Honourable Gaston Browne, to address the Wednesday Retreat to speak from the perspective of contributing governments. Prime Minister Browne embraced the University’s vision and strategy. The change process, he predicted, will see the university doing well. He noted that the governments are solidly behind the regional university in leading financial reforms for greater autonomy. He endorsed the quest to radically alter The UWI’s financial circumstance.
Group President and Chief Executive Officer of Sagicor Financial Corporation Limited, Dr. Dodridge Miller representing the private sector perspective, spoke about benefits The UWI can reap if it learns from the Sagicor model in going from local and regional, to global in order to secure its financial future and assure the quality of its offerings to the Caribbean people.

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Article from: The University of the West Indies, Mona

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