Entrepreneurial Activities

Royal Roads University Policy

Policy Number: 
d1010
First implemented: 
March 21, 2003
Approved By: 
Board of Governors
Office of Oversight: 
VP & CFO / VP Academic

Board Policy Statement

The University may undertake entrepreneurial activities as a revenue stream. These entrepreneurial activities will be closely related to the educational programs of Royal Roads University and will be tested against the Education Plan and the current Business Plan. Test criteria will include desirability, viability, cost benefit for RRU and demonstrable full costing where the activity may be seen to be competing with the private sector.

Philosophy

Entrepreneurial activities reinforce the University’s self-funding culture and assist in the achievement of the objectives outlined in the business plan.

President's Responsibilities

Based on the above criteria, the President will oversee the development of entrepreneurial activities consistent with the mandate of Royal Roads University.

Information, Action and Monitoring Requirements for the Board

The Board will receive, for information, an annual progress report on entrepreneurial activities.

Related Documents

RRU Board Policy re: Education Plan

RRU Board Policy re: Business Plan

RRU Board Policy re: Delegation of Authority for Exigencies of Administration

RRU Board Policy re: Delegation of Authority for Service Contracts

RRU Board Policy re:  Delegation of Authority for Capital Expenditures

RRU Board Policy re:  Delegation of Authority for Fees for Service and Facility Use

Dates

21.03.2003 - Board Approval
21.03.2003 - Implementation
21.03.2006 - Review Due

Source

16.10.98 - Approval by Board Motion . . . that entrepreneurial activities at Royal Roads University will be closely related to its core learning and ancillary programs and be tested against the Education Plan and the current Business Plan. Test criteria will include desirability, viability, cost benefit for RRU and demonstrable full costing where the activity may be seen to be competing with the private sector.