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www.arl.org/sparc. What We'll Cover . Recap HFES profileCompare HFES against other small publishersReview the shared needs of small publishersDescribe how a publishing cooperative might workSuggest cooperatives as an innovative publisher partnership. www.arl.org/sparc. HFES Profile. 3 peer revie
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1. Publishing Cooperatives Raym CrowSenior Consultant, SPARC Consulting Group
2. www.arl.org/sparc What We’ll Cover Recap HFES profile
Compare HFES against other small publishers
Review the shared needs of small publishers
Describe how a publishing cooperative might work
Suggest cooperatives as an innovative publisher partnership
3. www.arl.org/sparc HFES Profile 3 peer reviewed journals (two print & online, one magazine format)
Monthly Bulletin
Annual Proceedings
Annual topical review book series
Annual member directory
Occasional books
4. www.arl.org/sparc HFES Profile 4,700 members
$1.6 million budget
3 full-time publishing staff
5. www.arl.org/sparc Context
6. www.arl.org/sparc Context: Journals per Society
7. www.arl.org/sparc Context: Journals by Medium
8. www.arl.org/sparc Context: Mixed Market for Journals
9. www.arl.org/sparc Context: Shared Issues Marginal market power—as buyers
Marginal market power—as sellers
Insufficient staff resources
Lack of investment capital
Innate conservatism
10. www.arl.org/sparc Shared Services Cooperative Group of publishers that forms to provide one or more services to improve their competitiveness & sustainability
Purchases or provides services at a cost below what members could achieve individually
Services depend on member needs—can evolve over time
11. www.arl.org/sparc Potential Cooperative Services Editorial services
Print purchasing
Online distribution
Marketing & sales programs
Licensing & rights management
Subscription & membership management
Publication business management
Through shared services. . .
Through collective purchasing
12. www.arl.org/sparc Cooperative Basics Owned by members
Members exercise democratic control
Member equity based on use of services
13. www.arl.org/sparc Cooperative Basics Owned by members
Provides services at cost
Income from fees
Surplus returned as patronage refunds
Allocated equity redeemed over time
14. www.arl.org/sparc Cooperative Basics Owned by members
Provides services at cost
Retained equity provides operating capital
Meet market demand for new content
Fund investments in services
18. www.arl.org/sparc Cooperative Benefits Collective action to provide—
19. www.arl.org/sparc Cooperative Benefits Collective action to provide—
Increased market power & visibility
20. www.arl.org/sparc Cooperative Benefits Collective action to provide—
Increased market power & visibility
Scale economies
21. www.arl.org/sparc Cooperative Benefits Collective action to provide—
Increased market power & visibility
Scale economies
Access to management & planning services
22. www.arl.org/sparc Cooperative Benefits Collective action to provide—
Increased market power & visibility
Scale economies
Access to management & planning services
Capital & risk pooling
23. www.arl.org/sparc Cooperative Benefits Collective action to provide—
Increased market power & visibility
Scale economies
Access to management & planning services
Capital & risk pooling
Control & mission alignment
24. www.arl.org/sparc Cooperative Benefits Collective action to provide—
Increased market power & visibility
Scale economies
Access to management & planning services
Capital & risk pooling
Control & mission alignment
Can complement other nonprofit publishing services.
25. www.arl.org/sparc Prerequisites Adequately defined scope
Sufficient scale to warrant group action
Able to provide a solution solely on economic terms
Culturally, politically & economically appropriate for the group
26. www.arl.org/sparc Cooperative Launch Process Exploratory meeting: identify unserved needs
Float concept proposal that conveys vision
Survey potential member universe
Analyze feasibility
Develop business plan
Implement & launch
27. www.arl.org/sparc For More Information
Raym Crow
Senior Consultant
SPARC Consulting Group
crow@arl.org
1.703.536.7447