Strategy processes: LMUinnovativ and 50-40-10
Building on the LMUinnovativ process and the results of the first phase of the Excellence Initiative, LMU Munich implemented another strategy process in 2008 and 2009 – the so-called “50-40-10” process. The term is based on a guideline adopted by the University Governing Board at the start of the “50-40-10” process. This specified that about 50 percent of the professorships that would fall vacant prior to 2016 should be refilled by candidates with the same thematic orientation and 40 percent should be redesignated to cover new research areas, while the remaining 10 percent should be used for follow-up funding of the Excellence Initiative.
LMU Munich has established a three-phase model to enhance its research profile, which is based on Focus Areas, Areas of High Potential and Top-level Individual Research. Thus, LMU Munich has substantially enhanced its research profile and ensured the financial sustainability of the structures established in the first phase of the Excellence Initiative. From 2011, funding measures to the amount of 15 million euros per year will be incorporated into the University‘s core budget.
LMU's fine performance in the Second Phase of the Excellence Initiative strikingly confirms the efficacy of these strategic processes.