While the current Recession isn’t the first downturn I’ve lead the Institute through, it’s by far the worst. The combination of cascading negative external factors combined with the uncertainties have created a unique set of challenges. On the other hand, this time around, the Institute is well situated in terms of a scientific critical mass, an excellent sponsored research portfolio and the massive (and still growing) infrastructure of George Mason, Virginia’s public Carnegie Research university in the National Capital Area.
Given the times, and the fact that I’ve been director long enough to have seen downturns before, I thought that it might be useful to put down some of the principles that I am using to get us through the current difficult conditions:
1) Budgeting–prioritize to protect the core scientific/academic mission, realizing that with those two intact, all else can be quickly regenerated.
2) Transparency–keep all stakeholders up to date on exactly what is happening, what the current plan is, and where the uncertainties lie. Do this continuously in multiple contexts throughout the crisis. The result is to strengthen morale and to mitigate distracting what-if scenarios that can damage the scientific/academic programs.
3) Maintain a position that will allow for rapid transformation back into growth. While recessions are macro-economic events that affect scientific institutions, the nature of science funding is such that a massive downturn might happen in tandem with significant increases in federal science investment. It’s important to keep that in mind so that the institution is prepared to opportunistically emerge from hunkering down to compete and win new awards.
4) Protect support staff–those who have invested years to support the science of the institution may not be the feed grain, but they are surely the farmers, who through their experience, can both see us through the difficult times and make possible the conditions for scientific success in the future.
5) Fundraising–realize that the continued engagement with those who have given personally to the institution in the past, but may not be able to under the current circumstances, is central to the building of long-term loyalty so central to leadership level gift opportunities.
Jim