Background

Location: Baltimore, Maryland

bwtech@UMBC is a university-affiliated research park in Baltimore, Maryland. A number of senior leaders within park and the university administration were due to retire within two years, including the park’s long-standing President. It was felt that there were some important skill sets missing from the current leadership team that would be useful to move the organization forward.

Before conducting a search for replacements, the leadership team decided to undertake a third-party review to gain perspectives on the organization’s evolution and what key roles and capabilities would be needed by its future leaders.

Solution

Stiletto conducted a review of the park’s current governance and operations structure: 

  • Interviews were held with a substantial number of key stakeholders, including university leaders, park team members, community leaders, and companies within the park. 
  • Research was completed on existing park models.
  • A comparative analysis was constructed of the park’s goals for development and operations.

Results

Based on the information gathered, Stiletto delivered immediately implementable recommendations for the current and future park organizational structures, as well as for the team composition. Clients agreed that these practical solutions would be needed to bring the future vision of the park to reality. Stiletto also provided recommendations for finding a replacement for the outgoing President.