NAEP Annual Meeting The Magic of Collaboration & Partnership Orlando, FL April 7 – 10, 2013 Building Professional Service Partnerships: A Strategic Imperative for Supplier Diversity Programs Nadia M. Quarles, Esq., Assistant Vice President for Business Diversity Annual Meeting April 7 - 10, 2013 Orlando, Florida 2 Founded in 1892, and located on a 215 acre campus, 7 miles south of Chicago’s downtown 3 Reporting Structure - Senior Leadership Accountability • Executive Leadership – Robert Zimmer, President • Board Leadership – John Rogers, Jr., Trustee • Single Executive with Accountability – Executive Vice President for Administration and CFO Annual Meeting April 7 - 10, 2013 Orlando, Florida 4 Business Diversity at the University of Chicago • Our Goal: Become a national model for inclusion and opportunity in business relationships • Strategies for accomplishing this goal : • Traditional Model : level construction, Typically aimed at entry jobs (janitorial, etc.) • University of Chicago Focus : professional partnerships minority-and Annual Meeting women-owned firms April 7 - 10, 2013 Orlando, Florida Building service with 5 Business Case for a Professional Service Driven Program • Professional Service industries are the greatest drivers of economic development and pay the highest wages: » Legal » IT » Money Management (Endowment Investments) » Accounting » Marketing/Advertising » Human Resources » Architecture Annual Meeting April 7 - 10, 2013 Orlando, Florida 6 Our Approach • Grassroots, hand to hand combat • ADD to the pool of University partners, not replace existing relationships • Find and facilitate sustainable relationships with key partners in a highly decentralized environment • Support partners in every step of the process Annual Meeting April 7 - 10, 2013 Orlando, Florida 7 Annual Professional Services Symposium • Departmental overviews by senior leaders, networking reception and full day of business presentations • Brings together firms and senior decision makers • Provides a forum that facilitates direct introductions • Active engagement goes well beyond the Symposium • Results closely monitored and tracked Annual Meeting April 7 - 10, 2013 Orlando, Florida 8 Symposium Results – Innovative Partnerships “I applaud the University of Chicago for including Ebony and Black Enterprise in their marketing and advertising strategy. As the African American buying power approaches one trillion dollars annually, advertising in trusted publications like Ebony and Black Enterprise is a smart business decision and a wise approach to increase one’s visibility in the community.” Andrea L. Zopp President and CEO, Chicago Urban League Annual Meeting April 7 - 10, 2013 Orlando, Florida 9 Partnership with Ebony: “Public Schools, Private Innovations” - roundtable event on MSNBC, featured Urban Education Institute and distinguished local /national experts discussing the public education crisis. 10 Symposium Results – Over 20 New Firms • Executive Search: The Hollins Group and the Exeter Group • Hired 2 minority-owned money management firms to invest a portion of the University’s endowment funds: • Chicago-based Holland Capital Management and Earnest Partners from Atlanta • External Audit partnerships with Washington, Pittman & McKeever and Mitchell & Titus • Williams Capital Management’s taxable bond proceeds management Annual Meeting April 7 - 10, 2013 Orlando, Florida 11 Symposium Results… • Risk Management: Lambent Risk Management Services • Legal Services: provided to the University by Neal & Leroy, Green and Letts and Pugh, Jones and Johnson • Financial Services: Loop Capital, Cabrera Capital Markets • IT Services: Blackwell Global Consulting, a CGN Company and Excel Solutions Annual Meeting April 7 - 10, 2013 Orlando, Florida 12 Annual Meeting April 7 - 10, 2013 Orlando, Florida 13 Questions? • • • • • • • • Nadia M. Quarles, Esq. Assistant Vice President for Business Diversity The University of Chicago 6054 S. Drexel Avenue, Suite 445 Chicago, IL 60637 773-702-2553 nquarles@uchicago.edu http://businessdiversity.uchicago.edu Annual Meeting April 7 - 10, 2013 Orlando, Florida 14