Strategic Plan

F&B Vision for the Future Graphic and Banner

Executive Summary

Penn State’s Finance & Business (F&B) organization is nearly 2,800 full-time and 4,400 part-time employees strong. The experience, talent, and work ethic of our employees powers F&B through its daily operations across the commonwealth. Each employee helps to make F&B stronger, and a stronger F&B builds a better foundation for Penn State’s education, research, and service missions and for advancing the institution as a student-centered University.

The plan will be published in November 2020 and will include changes that will affect F&B, as well as the University.  We need to be mindful of the impact that change, and the pace of change, may have on the organization. We will take steps to minimize negative impacts by analyzing each initiative, assessing the ability and capacity to change, and committing to greater communication on the initiatives.

The upcoming strategic plan will include the following thematic goals: create organizational resiliency capability in F&B, transform the workforce and workplace, enhance organizational excellence and advance diversity, equity and inclusion.  

Lastly, the F&B strategic plan will be a living document for its lifespan. We will be looking for feedback and participation, and all employees are encouraged to reference it regularly to understand where F&B is going and what we are doing to get there. We have come a long way, and the road ahead holds more challenges. I am confident that we will accomplish the goals and priorities we have set for F&B and that our accomplishments will make the Penn State community an even better place.

David Gray
Senior Vice President for Finance & Business/Treasurer

Mission

Vision

Finance and Business supports the Penn State community through excellent service and stewardship of the University’s human, financial, physical and environmental resources.

Finance and Business will strive for excellence in all we do to support the success of our students, faculty and staff.

Values

Integrity: We act with integrity and honesty in accordance with the highest academic, professional, and ethical standards.

Respect: We respect and honor the dignity of each person, embrace civil discourse, and foster a diverse and inclusive community.

Excellence: We strive for excellence in all our endeavors as individuals, an institution, and a leader in higher education.

Responsibility: We act responsibly, and we are accountable for our decisions, actions, and their consequences.

Discovery: We seek and create new knowledge and understanding, and foster creativity and innovation, for the benefit of our communities, society, and the environment.

Community: We work together for the betterment of our University, the communities we serve, and the world.