Operational Structure

The Peoria NEXT Strategic Plan identifies nine critical success factors (CSFs) for achieving the organization’s vision and mission. The operational structure organizes these nine CSFs into three Action Teams, with each CSF addressed through specific project activities. This project-based approach utilizes an executive committee to enable effective communication between the Board and volunteers and to define ownership and responsibilities for project accomplishment.

 

·         The Board of Directors provides the vision, strategic goals and resources for Peoria NEXT.

• The Board is comprised of CEO-level representatives of each Anchor organization
• The Board appoints members to the Executive Committee and delegates authority for day-to-day operations

 

·         The Executive Committee provides the link between the Board and the CSF Action Teams.

• The Executive Committee is comprised of nine (9) members:

·          three Board members, each aligned with an Action Team

·          the Team Leader of each Action Team

·          three additional members to provide external perspective (potentially a VC, Entrepreneur, and Researcher)

• The Executive Committee integrates and manages all Peoria NEXT activities, and approves projects and allocates resources based on Strategic Fit / Business Attractiveness criteria
• The Executive Committee reports Action Team progress and accomplishments to the Board

 

·         The CSF Action Teams provide the link between assigned CSFs and supporting projects.

• The nine CSFs are divided among three Action Teams

·          Discovery Action Team:

•          Collaboration and Relationships

•          Ideas

•          People

·          Communications / Operations Action Team:

•          Communication

•          Leadership / Structure

•          Operational Funding

·          Innovation / Commercialization Action Team:

•          Innovation Center

•          Investment Capital

•          Commercialization

• Each Action Team is comprised of a board appointed team leader and volunteer participants who “self-allocate” to projects of personal interest
• Each Action Team creates a mechanism to identify, develop and coordinate projects supporting assigned CSFs
• Each project must align with a relevant CSF under an Action Team, e.g. the Robotics Research Center of Excellence Project aligns to the Ideas CSF under the Discovery Action Team
• Each project requires a business case (cost/benefit analysis) be made to the Action Team before it is presented to the Executive Committee for review and approval
• Project leaders report activities to the Action Team Leaders who share updates with the Executive Committee

Operational Structure Summary