Click for an enlarged view of the value creation model.
The value creation model clarifies how we want to be significant. It consists of several elements that are explained below.
At the heart of the value creation model are our activities. Our current strategy, ‘A significant impact’, underlines our commitment to be meaningful. We do this through education, research and impact. We support our activities through good governance, risk management and a robust organisation with a clear vision, mission and strategy.
Value creation begins and ends with our intellectual capital: the knowledge, methods and other insights we use for good teaching and research. In addition, we need a superbly equipped (digital) campus with good lecture halls, high-quality research facilities, and equipment and software that makes (online) teaching and assessment possible. We also have staff members and students who use their talents and qualities in education and research. In our networks with relationships and collaboration partners, we can develop, share and apply knowledge in the world around us. These networks and relationships are also important inputs for education, research and impact activities. Finally, funds are needed to finance the activities: a healthy financial situation makes our organisation future-proof and robust.
The education, research and impact activities convert inputs into various outputs. These lead to results based on goals derived from our strategy. In this way, we contribute to a healthy, free world with equal opportunities for everyone. Because of this direct link to our mission, the result goals form the basis for the annual report. The outputs are related to the result goals and appear later in the form of key figures, referred to in this report as key performance indicators (KPIs). The most notable KPIs can also be found in ‘Radboud University at a glance’.