Most Valuable Asset Management

Most Valuable Asset Management a n d T h e Big I.D.E.A.

Reframing Modern Diversity and Inclusion Leadership Practice as Metaphor for Sustainable Renewing Resource Management

Tonya M. Matthews, Ph.D.Associate Provost for Inclusive Workforce Development Director STEM Innovation Learning CenterWayne State University

Most Valuable Asset Management a n d T h e Big I.D.E.A.

Conversation Outline

1. Moving from the “Right Thing” to the “BUSINESS Thing”

2. Shared Language: The Big I.D.E.A.

3. Recognizable FRAME

4. Top 5 MVA’S – Most Valuable Asset Strategies(plus a bonus!)

WHY? this Big I.D.E.A . why now?Core Competency vs. Blue Sky Initiative

It’s expected!Legal says we have to…

COVID!It’s the right thing to do.The Client is

watching – and has required. Summer 2020

January 2021

Looks good on paper.

Looks great on brochure.

We’ve got a contract in Detroit.

We’ve got a contract in Dearborn.

New Boss says so…

Innovation!Creativity!

New ideas!

Retention: The new hires are

grumbling.

Recruitment: The new offers

rejected us.

Bottom Line: This is business. Diversity and inclusion strategy has moved from “initiative” to “competency.”

For example, The biggest asset management contracts and projects require buy-in and ownership from people… city councils, village boards, state legislature s, school boards, ne ighborhood and condo associations…

Solid practice of equitably including dive rse voices at home, is the best practice for

Anytown, USA – and these days, is required..

WHY? this Big I.D.E.A. why now?Core Competency vs. Blue Sky Initiative

Demystifying Diversity and Inclusion As s e t M a n a g e m e n t is As s e t Ag n o s t ic

Consider your last RFP response…

“Our Assets match your needs for management of Your Assets”

EquipmentModern Platforms

Innovative ApproachesUnderstand Your Challenge

ExperienceData Expertise

Analysis ExpertiseSolution Expertise

ReferencesAwards

The Big I.D.E.A.

So many ways to say this…

Go to:https://pollev.com/tonyamatthew641

Or text:TONYAMATTHEW641 to 22333

The Big I.D.E.A.(m a n t r a s , n o t d e fin it io n s )

The Big I.D.E.A.(m a n t r a s , n o t d e fin it io n s )

In c lu s io n is a b o u t w h o is

h e r e .

The Big I.D.E.A.(m a n t r a s , n o t d e fin it io n s )

Div e r s it y is a b o u t w h o is

m is s in g .

The Big I.D.E.A.(m a n t r a s , n o t d e fin it io n s )

Eq u it y r e q u ir e s d is p a r it y .

Eq u it y is co m m it m e n t t o p r o v id e t h o s e w h o h a v e le s s w it h m o r e

a n d co u r a g e t o r e q u ir e t h o s e w h o h a v e m o r e t o m a k e g o o d o n t h e ir p r iv ile g e d o b lig a t io n .

Accessibility … is t h e p r o b le m t h a t o ccu r s w h e n

y o u d o n ’t t a k e e q u it a b le in c lu s io n o f d iv e r s e p e o p le s e r io u s ly .

T h e Big I.D.E.A.(m a n t r a s , n o t d e fin it io n s )

Working with The Big I.D.E.A .

M VA’S = M o s t Va lu a b le As s e t S t r a t e g y

A R e co g n iza b le FR AM E“Asset management is the process of developing, activating,

maintaining, and renewing assets.”

… has good data… has a plan… has metrics

… has shared, language and direction

… has tools and supports

… is not free… is a priority, full-time consideration… is ongoing, with both short- and long-term

processes

… is a bear to recover from if mishandled

And our people are assets… and we are asset management geniuses… So we’ve got this, right?

Let’s acknowledge that this is hard?

P e o p le M a n a g e m e n t P o e t r y

People are our assets.

People are our most valuable assets.

Working with The Big I.D.E.A . is

Un d e r s t a n d in g t h a t y o u r p e o p le a r e y o u r M o s t Va lu a b le As s e t

MVA’S = Most Valuable Asset Strategy5 Strategies + 1 Bonus Observation

I.D.E.A. M VA’S fo r d a t a w o n k y , t e ch s a v v y , a s s e t m a n a g e m e n t t y p e s … a n d t h o s e w h o w o r k w it h t h e m !

1. Data Mining => Make less assumptions and more reflective observations

2. Micro–Sampling => Your Own Lenses and Preference

3. Site Survey => Your Organization4. Intervention => Identify Short-Term MVA-

Impact Process and leverage immediately5. Mid- & Long-Term Plan => Attack

Over/Under Utilization of Resources6. Comprehensive Environmental Scan =>

Yes, External Factors Matters

I.D.E.A. M VA’S fo r d a t a w o n k y , t e ch s a v v y , a s s e t m a n a g e m e n t t y p e s … a n d t h o s e w h o w o r k w it h t h e m !

1. Data Mining => Make less assumptions and more reflective observations

2. Micro–Sampling => Your Own Lenses and Preference

3. Site Survey => Your Organization4. Intervention => Identify Short-Term MVA-

Impact Process and leverage immediately5. Mid- & Long-Term Plan => Attack

Over/Under Utilization of Resources6. Comprehensive Environmental Scan =>

Yes, External Factors Matters

I.D.E.A. M VA’S fo r d a t a w o n k y , t e ch s a v v y , a s s e t m a n a g e m e n t t y p e s … a n d t h o s e w h o w o r k w it h t h e m !

1. Data Mining => Make less assumptions and more reflective observations

2. Micro–Sampling => Your Own Lenses and Preference

3. Site Survey => Your Organization4. Intervention => Identify Short-Term MVA-

Impact Process and leverage immediately5. Mid- & Long-Term Plan => Attack

Over/Under Utilization of Resources6. Comprehensive Environmental Scan =>

Yes, External Factors Matters

I.D.E.A. M VA’S fo r d a t a w o n k y , t e ch s a v v y , a s s e t m a n a g e m e n t t y p e s … a n d t h o s e w h o w o r k w it h t h e m !

1. Data Mining => Make less assumptions and more reflective observations

2. Micro–Sampling => Your Own Lenses and Preference

3. Site Survey => Your Organization4. Intervention => Identify Short-Term MVA-

Impact Process and leverage immediately5. Mid- & Long-Term Plan => Attack

Over/Under Utilization of Resources6. Comprehensive Environmental Scan =>

Yes, External Factors Matters

I.D.E.A. M VA’S fo r d a t a w o n k y , t e ch s a v v y , a s s e t m a n a g e m e n t t y p e s … a n d t h o s e w h o w o r k w it h t h e m !

1. Data Mining => Make less assumptions and more reflective observations

2. Micro–Sampling => Your Own Lenses and Preference

3. Site Survey => Your Organization4. Intervention => Identify Short-Term MVA-

Impact Process and leverage immediately5. Mid- & Long-Term Plan => Attack

Over/Under Utilization of Resources6. Comprehensive Environmental Scan =>

Yes, External Factors Matters

I.D.E.A. M VA’S fo r d a t a w o n k y , t e ch s a v v y , a s s e t m a n a g e m e n t t y p e s … a n d t h o s e w h o w o r k w it h t h e m !

1. Data Mining => Make less assumptions and more reflective observations

2. Micro–Sampling => Your Own Lenses and Preference

3. Site Survey => Your Organization4. Intervention => Identify Short-Term MVA-

Impact Process and leverage immediately5. Mid- & Long-Term Plan => Attack

Over/Under Utilization of Resources6. BONUS: Environmental Scan => Yes,

External Factors Matters

Questions?

Tonya M. Matthews, Ph.D. tonya.matthews@wayne.eduAssociate Provost for Inclusive Workforce Development Director STEM Innovation Learning CenterWayne State University