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FIT STRATEGIC PLANNING

Town Hall

Wednesday, February 13, 20195:00 - 6:00pm

Thursday, February 14, 20191:00 - 2:00pm

Katie Murphy Amphitheatre, 1st Floor | Fred P. Pomerantz Center

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1. Go to your web browser

2. In the URL bar type crowdpurr.com

3. Type in the code FIT

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Agenda

Welcome, Opening Thoughts, and Strategic Plan Team Intro

Overview of Strategic Plan Schedule

Early Findings, Trends and Engagement Exercise

Role of the FIT Community

Questions & Answers

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Overview of Strategic Plan Schedule

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Phase 4:Assessment & Final Report

Phase 2:Goal Development

Phase 1:Scope

FOCUS QUESTION & TREND RESEARCH PLAN

Phase 3:Plan Development

TREND & INSIGHTS PRIORITIZATION

ALTERNATIVESCENARIOS

VALUE CREATIONOPPORTUNITIES

9/26 – 10/25 11/12 – 2/6 2/11 – 3/29 4/1 – 5/14

Kick-off Meeting

Trends Workshop

Scenarios Workshop

Ideation Workshop

Kick-off Strategic Plan Committees

Final PlanDeliverable

Strategic Planning Development JourneyProcess Overview

INTRODUCTION

Planning Council Session

FIT Community Engagement

FIT Community Engagement

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September 26th-October 25th

FOCUS QUESTION & TREND RESEARCH PLAN

Kick-off Meeting

Strategic Plan: Phase 1Scope

INTRODUCTION

A kick-off meeting was held to collect visions, requirements and barriers to FIT’s ideal future.

Planning Council Session

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A planning council sessionwas held to analyze sample responses from the stakeholder interviews.

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November 12th-February 6th

TREND & INSIGHTS PRIORITIZATION

Trends Workshop

Strategic Plan: Phase 2Goal Development

INTRODUCTION

Scenarios Workshop

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A Trends Workshop was held to explore how global forces, industry trends and emerging changes on the horizon could impact the creative industries and higher education.

In the Scenarios Workshop, forecasts from the Trends Workshop were explored using systems thinking to create 4 alternative scenarios.

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February 11th-March 29th

Strategic Plan: Phase 3Plan Development

INTRODUCTION

ALTERNATIVESCENARIOS

Ideation Workshop

Kick-off Strategic Plan Committees

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FIT Community Engagement

With insight gained from the Trends and Scenarios Workshops, the Ideation Workshop will bring bold ideas to FIT innovation goals.

The initiatives developed in this session will be refined and prototyped by the committees in Phase 3.

Week of February 18th: Committee Kick-off

February through March: Committees meet weekly

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VALUE CREATIONOPPORTUNITIES

Final PlanDeliverable

April 1st-May 14th

Strategic Plan: Phase 4Assessment & Final Report

INTRODUCTION

Phase 4 will focus on refining and scaling the specific activities and infrastructure investments from Phase 3: Plan Development, and the metrics for assessing progress against strategic goals.

FIT Community Engagement

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Early Findings, Trends and Engagement Exercise

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I N T E R V I E W S31

PA R T I C I PA N T S37

S TAT E O F F I TCURRENT

Y E A R S I N T OT H E F U T U R E

5-10

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Industry/Alumni• Cross-pollination and innovation with industry is key• Lead industry into the future

Faculty• Given the disruption of the creative industries, there is

an opportunity and need for FIT to pursue its innovation vision

• Reimagine how FIT prepares future industry leaders

Students• Learning customization and self-directed learning• Support a collaborative and interdisciplinary learning

environment

FIT Brand• Dual focus on today and the future• Bring learning to students in new ways – lifelong

learning, online, skills certifications• Students and industry are advancing rapidly – FIT

needs to stay on the cutting edge of technologies

What We Heard About FIT’s Vision for the Future

EARLY FINDINGS

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FIT’s Unique Core Assets and Capabilities

EARLY FINDINGS

“Capitalize on things that are ordinary at FIT,

butextraordinary to the rest of the

world”

Industry/Alumni• Bring industry into the classroom• Job placement for students: students are ready to work

on day 1 and there is an established pipeline

Faculty• Experienced in and connected to industry• Offer specialty programs unavailable elsewhere

Students• Diverse, inclusive community with varied backgrounds

and interests• Digital natives who leverage technology• Driven and focused from the beginning

FIT Brand• Longevity of leadership• Outcome-driven programs• Recognized globally

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Trends Coming in the Next 5-10 Years That Will Impact FIT

EARLY FINDINGS Industry/Alumni• Increased incorporation of technology: AI, VR/AR,

medical tech, wearables/IOT, new materials• Industry Open Innovation: innovation may become

more open sourced, FIT could serve as a research/R&D center for industry partners

Faculty• Demand for interdisciplinary knowledge: innovation will

require an ability to think and work across disciplines

Students• Entrepreneurial mindset: entering the workforce and

seeking intrapreneurial opportunities in changing industry environments

• Increased diversity: Diversity of thought and approaches will be a competitive advantage

FIT Brand• Changing landscape of higher education: get skills

faster and return to workforce, lifelong learners, consolidation of schools

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“Fewer majors, more

pathways”

“Create a new category of

applied research built around

FIT’s experiential

learning focus”

A Successful FIT in 10 Years

EARLY FINDINGS Industry/Alumni• Collaboration will be seen as mutually advantageous • FIT leads the direction of change, rather than following

industry

Faculty• Projects will range from pop-up tests to large scale and

multi-semester and include science and research• Open space labs that are self-directed by students

Students• Capitalize on student’s assets and ability to question

the status quo• Students are setting trends and making decisions about

how we do our work

FIT Brand• Expand reputation beyond fashion• Building is architectural reflection of innovation vision

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1. Go to your web browser

2. In the URL bar type crowdpurr.com

2. Type in the code FIT

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Participate LiveWe’ll Ask You the Following Questions for Each Trend

COMMUNITY EXERCISE

How much do you see this trend impacting you or FIT?

When would this impact you or FIT?

Enter your response on Crowdpurr

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The gap is widening between the haves and the have nots.

• A shrinking middle class has contributed to the polarization of the population towards two extremes: those with low-income and high-income.

D R I V I N G F O R C E S

Economic Bifurcation E C O N O M Y

Enter your response on Crowdpurr

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Globally, populations are aging, migrating and concentrating in urban centers.

• Falling fertility rates and longer life spans have led to an aging population

• Globally, the percentage of the population aged 65 plus will double in the next 30 years

• By 2030, urban populations will reach 5 billion

D R I V I N G F O R C E S

Changing Demographics S O C I A L

Enter your response on Crowdpurr

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Companies are beginning to offer their own technical programs and courses to the public.

• These courses are lead by internal experts and engineers and often cover content used by current employees

• External programs enable prospective employees to learn important skills pertinent to their company

H I G H E R E D U C A T I O N

Corporations as EducatorsE C O N O M Y

Enter your response on Crowdpurr

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Machine learning is staged to make a significant impact on the creative industries by moving beyond the basics of big data.

• Established brands and startups are taking advantage of advanced capabilities in personalization, searching power, dynamic pricing, and customer needs identification

C R E A T I V E I N D U S T R I E S

Machine Learning in Creative Industries

T E C H N O L O G Y

Enter your response on Crowdpurr

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Retail plays a major role in the global economy but this success comes at a high environmental cost.

• Sustainability in the fashion and retail industry is the center of much focus, funding and innovation

• For example, new compliance standards around water usage and labor are emerging

C R E A T I V E I N D U S T R I E S

Sustainability in FashionE N V I R O N M E N T

Enter your response on Crowdpurr

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In the past twenty-five years, material options have grown exponentially.

• Material science is benefiting from artificial intelligence to accelerate development cycles

• New fibers, constructions, finishes, washes and processes are continuously invented

C R E A T I V E I N D U S T R I E S

Raw Material InnovationT E C H N O L O G Y

Enter your response on Crowdpurr

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Digitalization is enabling freelancers and remote workers to avoid being anchored to a location or a specific company.

• These nomads can use laptops and ubiquitous connections to live and work from anywhere

• They value travel and experiences over owning things and staying in one place

Digital NomadW E A K S I G N A L S S O C I A L

Enter your response on Crowdpurr

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Economic Bifurcation

Changing Demographics

Corporations as Educators

Machine Learning in Creative Industries

Sustainability in Fashion

Raw Material Innovation

Digital Nomad

Most Important TrendCOMMUNITY EXERCISE

Which of these trends is most important to you?

Enter your response on Crowdpurr

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Questions & Answers