Goal 3 | Promote equity and empowerment of all stakeholders

Following the universities Excellence by Design: 2024 - 2029, the College of Business cultivates a culture of success and belonging by supporting initiatives that encourage diversity in order to empower all business students, faculty and staff in an environment of equity for all. Goal 3 of the College of Business aligns with Goals 4, 5 and 10 of the United Nation's Sustainable Development Goals.

Strategy 1: Support initiatives that encourage diversity

Tactics	KPI	Target	Progress
Support the diversity of opinions	Number of COB-sponsored events that promote diverse opinions and perspectives	3 events annually per semester
Provide funding to support initiatives that encourage diversity	Amount of research and teaching award funds that align with equity initiatives	Investigate current award structure (HRD Committee)	Completed 2025

Tactics	KPI	Target	Progress
Maintain efforts for global hiring	Number of faculty and staff hires	Maintain or improve within 5% of baseline	Baseline set Fall 2023
Increase efforts for recruitment and retention of global students	Participation rate with resources that empower diverse students (RSOs, Tutoring, etc.)	5% increase in participation by 2027
	Enrollment rate of students from underrepresented groups	Align with state demographics by 2030 (IL: 41.2% non-white, FA24)	33.56%
	DFW rate across business core classes for underrepresented groups	Reduce rate 10% by 2027	12.4%, AY23-24
	Graduation rate of students from underrepresented groups	5% increase by 2027
Empower the community by meeting the demands of non-traditional and next-generation students	Enrollment rate of transfer students	5% increase by 2027	614, 15.4%, FA23
	Graduation rate of transfer students	5% increase by 2027	82.2%, FA23
	Enrollment rate of international students	5% increase by 2027	103, FA23
	Graduation rate of international students	5% increase by 2027