Funding down under: entrepreneurial approaches to generating income at the University of Queensland Cybrary

Schmidt, Janine; Peachey, Lucy

doi:10.1108/03074800310509406

Cited by 5 publications

(18 citation statements)

References 10 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The higher education sector in Australia is under increasing financial pressure, with most universities seeking to enhance income from non-government sources (Schmidt and Peachey, 2003). In a recent submission to the Australian government Universities Australia (2008) notes that government funding is declining, suggesting the tertiary sector in Australia is expected to do more with less.…”

Section: Introductionmentioning

confidence: 97%

Lack of early engagement: a pre‐eminent barrier to Australian university bequest giving?

McGill

Rundle‐Thiele

Lye

2009

J of Philanthropy and Mktg

View full text Add to dashboard Cite

Decreased government funding has placed increasing financial pressure on Australian universities. Currently Australian universities receive 6.6% of all donations to nonprofit organisations in Australia while universities in the United States attract 14%. These figures suggest there is considerable room for improvement for Australian universities. Efforts directed towards adding to knowledge of philanthropy to universities in Australia are, therefore, very topical at present. Despite acknowledged differences between the types of literature on gift-giving it predominately centres on the motivation to donate to nonprofit organisations during an individual's lifetime (in vivo giving) with less focus on bequests. This exploratory study sought to gain insight into barriers to Australian University bequests. Lack of alumni engagement in Australian Universities was identified as a primary bequest barrier. Barriers identified previously in the literature (e.g. communications quality, performance, insensitive marketing) were considered secondary barriers to bequests. The results suggest a long term strategy is needed for Australian Universities seeking to improve donations. Universities need to engage students from the start of their academic tenure in order to be considered for a bequest. This paper proposes a model which highlights the consequences of this lack of early engagement and identifies key points in the academic and post-academic process where successive challenges increasingly diverge the student from the university's bequest prospects.

show abstract

Section: Introductionmentioning

confidence: 97%

Lack of early engagement: a pre‐eminent barrier to Australian university bequest giving?

McGill

Rundle‐Thiele

Lye

2009

J of Philanthropy and Mktg

View full text Add to dashboard Cite

show abstract

“…Receiving fees for providing services was the second theme which highly reported in the reviewed literature (Ajegbomogun, 2010;Bulpitt, 2000;Cuillier and Stoffle, 2011;Ekoja, 1996;Ishola, 2014;Itedjere, 2005;Lowery, 2016;Million and Haggerty, 2020;Morris-Knower, 2001;Neale, 2011;Ogunjimi et al, 2018;Ogunrombi et al, 1998;Poll, 1996;Rosenberg, 1998;Schmidt and Peachey, 2003;Simui and Kanyengo, 2004;Ubogu and Okiy, 2011). This theme suggests the diversification of the services provided in libraries to earn money.…”

Section: Resultsmentioning

confidence: 99%

“…Using web space including the library website and e-commerce (Theme 3) is the newest method for revenue generation in libraries, especially among academic and public libraries (Dohe et al, 2019;Munstedt, 2019). Examples include current awareness and SDI (Selective dissemination of information) services, database search services, electronic classroom All types (Bennett and Orr, 2015;Bushong et al, 2018;Cuillier and Stoffle, 2011;Culbertson and Wilde, 2009;Doan and Morris, 2012;Dole and Hill, 2017;Ekoja, 1996;Eye and Brown, 2013;Gardner and Rhodus, 2015;Jennings and Garczynski, 2020;Konzak and Teague, 2009;Lorenzen, 2010;Lowery, 2016;Mays, 2019;McCombs, 2002;Million and Haggerty, 2020;Neale, 2011;Park, 2000;Riley-Huff et al, 2016;Rosenberg, 1998;Schmidt and Peachey, 2003;Ubogu and Okiy, 2011;Welch, 2005 Academic Public Special…”

Section: Resultsmentioning

confidence: 99%

Revenue generation in libraries: A systematized review

Ghalavand¹,

Panahi

Khani

et al. 2022

Information Development

View full text Add to dashboard Cite

Many libraries are currently facing challenges in obtaining sufficient financial support to continue and develop their services. Libraries around the world employed new strategies for overcoming this issue by adopting various revenue generation and marketing activities. This study is a systematized review conducted on revenue generation methods used in different types of libraries. To identify the relevant studies, two authors independently searched scholarly databases including Medline, Web of Science, Emerald, Science Direct, ERIC, ProQuest, Scopus, LISTA, PubMed Central, and Google Scholar search engine for published articles from 1995 to 2020. Articles were selected based on the inclusion and exclusion criteria. In total, 3461 articles were retrieved from which 56 were included for final analysis. This study identified 10 main categories with 75 sub-categories as different types of revenue generation methods suggested or used by various libraries around the world. Academic and public libraries were mostly reported in the reviewed articles as using different types of revenue generation. The most commonly used methods in libraries for revenue generation were public or governmental financial aid and receiving fees for providing services. The use of social networks, web space, and utilizing e-commerce principles were identified as the newest revenue-generating method, which were being implemented and developed in some public and academic libraries. Budget plays an important role in keeping library resources and services active and up to date. Therefore, discovering new opportunities for marketing and fundraising, as well as showing the value and return on investment of libraries is very important. Adopting and using methods introduced in this paper for revenue generation can help libraries to overcome some of their financial challenges well into the future.

show abstract

“…Alumni should regularly and explicitly be informed of the funding needs for capital projects and annual funds that benefit their academic libraries. One potential source of annual fundraising involves selling annual or monthly subscriptions to research databases to alumni by the academic libraries, if the database contracts were modified or the federal laws changed to prohibit such contractual restrictions on academic libraries (Wells, 2006; Schmidt and Peachey, 2003). Since a for-profit venture (www.deepdyve.com) currently sells its access to academic journals for $40/month or $360/year, we recommend that academic libraries do not price their comparable services above this.…”

Section: An Alumni-academic Library Relationship Model and Student Successmentioning

confidence: 99%

Are academic libraries utilized to produce engaged alumni?

Griffith

Kealty

2018

View full text Add to dashboard Cite

Purpose The purpose of this paper is to explain the relationship alumni may have with their institution’s library and its effect on student success, which, in turn, produces more engaged alumni. Design/methodology/approach This paper provides a base interaction model that describes this relationship. Findings Libraries are well positioned to not only engage current students but to establish the foundation for these students to become engaged alumni. Originality/value This base relationship model may help with advocating for secure funds of libraries and/or a higher priority for fundraising.

show abstract

Funding down under: entrepreneurial approaches to generating income at the University of Queensland Cybrary

Cited by 5 publications

References 10 publications

Lack of early engagement: a pre‐eminent barrier to Australian university bequest giving?

Lack of early engagement: a pre‐eminent barrier to Australian university bequest giving?

Revenue generation in libraries: A systematized review

Are academic libraries utilized to produce engaged alumni?

Contact Info

Product

Resources

About