Short-term Costs for Long-term Benefits.

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Bibliographic Details
Title: Short-term Costs for Long-term Benefits.
Authors: Spadafora, David1 (AUTHOR) spadaforad@newberry.org
Source: Journal of Library Administration. Jan2012, Vol. 52 Issue 1, p108-123. 16p.
Subject Terms: Global Financial Crisis, 2008-2009, Recessions, Budget cuts, Strategic planning
Geographic Terms: Chicago (Ill.), Illinois
Company/Entity: Newberry Library
Abstract: The financial and economic crisis that started simmering in 2007 and came to a full boil in late 2008 affected organizations of every kind, including independent research libraries large and small. Having just completed long-term, strategic planning, the Newberry Library found itself having to make big adjustments to carefully crafted plans, in just a few weeks. These remarks explore how the Newberry's response to this crisis, despite much institutional pain, has strengthened it considerably—and what some of its independent peers have done at the same time. [ABSTRACT FROM PUBLISHER]
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Database: Education Research Complete
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Abstract:The financial and economic crisis that started simmering in 2007 and came to a full boil in late 2008 affected organizations of every kind, including independent research libraries large and small. Having just completed long-term, strategic planning, the Newberry Library found itself having to make big adjustments to carefully crafted plans, in just a few weeks. These remarks explore how the Newberry's response to this crisis, despite much institutional pain, has strengthened it considerably—and what some of its independent peers have done at the same time. [ABSTRACT FROM PUBLISHER]
ISSN:01930826
DOI:10.1080/01930826.2012.629967