The Research Triangle Foundation (RTF) provides oversight and day-to-day operational management of the Research Triangle Park (RTP) – the largest research park in the United States.
For more than 60 years, RTF’s mission has been to accomplish three things:
- Facilitate collaboration between the Triangle universities
- Promote cooperation between universities and industry
- Create an economic impact for citizens of North Carolina
At the center of RTP is the Frontier, a campus that offers office spaces for a variety of companies and organizations, meeting spaces, as well as educational opportunities and networking events for growing businesses and the diverse community.
The leadership of RTF engaged Luminas to help them discover whether or not they were meeting the expectations and needs of their primary stakeholders – the tenants of the Frontier.
Keep going to hear the outcome directly from Scott Levitan, President and CEO of RTF or read the full case story.
Confronting Internal and External Challenges
Meeting the distinct demands of different stakeholders (or tenants, in this case) can be challenging. Doing so successfully starts with asking what they need from you in order to grow and thrive, understanding their expectations and then delivering the value they need to meet their goals.
The Research Triangle Foundation engaged Luminas and utilized our Stakeholder Value Xcelerator™ (SVX) to help them gain critical insights and understand
- if their programming enabled tenants to be more productive,
- if their services allowed tenants to operate more effectively, and
- if their team was structured appropriately
Gaining Alignment and Setting Priorities
An outside-in perspective helps organizations to gain an objective understanding of what they’re doing well, and where there might be opportunities for improvement. Ultimately, taking the time to confirm internal alignment and set priorities as leaders creates a pathway to growth.
As a result of the Luminas Stakeholder Value Xcelerator™ (SVX) engagement, the Research Triangle Foundation developed the structure and processes that allow them to, now, function more efficiently as a team, and better meet the needs of their tenants.
Creating an Actionable Plan
Comparing their tenants’ perspective with their internal perceptions was enlightening for the team at Research Triangle Foundation (RTF).
Different from a traditional customer satisfaction survey that provides only data, the Stakeholder Value Xcelerator™ process illuminated where there were opportunities to better meet tenant expectations. SVX equipped RTF with specific, actionable insights which they’ve used to set goals and create a roadmap to implement changes that enabled them effectively do their job and serve the needs of each tenant.