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Collection Development:

Collection Development:. Business and Economics at Monash David Horne, Subject Librarian. Library Business and Economics Faculty Team allocated $1.8 million for 2005 allocation based on a formula approved by GLC approx 42% is serial subscriptions (print & online) and databases

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Collection Development:

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  1. Collection Development: Business and Economics at Monash David Horne, Subject Librarian

  2. Library Business and Economics Faculty Team allocated $1.8 million for 2005 • allocation based on a formula approved by GLC • approx 42% is serial subscriptions (print & online) and databases • Collection Development Policy for each Dept • dynamic documents

  3. Understanding collection needs… • Familiarity with Dept. courses, research • Unit reading lists for each semester • Library Impact Statements for new units • Liaison with Dept. staff (formal and informal) • Staff and student recommendations • Dept. websites, publicity about their activities

  4. Finding out what’s out there… • Publisher web sites/ blurbs • Vendor databases and alerts (Bennett and YBP) • Libraries Australia / amazon.com/ GBIP • Reviews in press and journals, e-list (e.g. buslibs)

  5. Some decision criteria.. • Relevance to existing teaching and research • Price- value • Complementary to the existing collection? • Recognised publisher/author? • New editions of titles already held? • Australia/ Asia-Pacific focus • Maintain a broad perspective for good overall collection coverage (e.g. Reference).

  6. Electronic resources and online access… • Impact on journal access • journals subscribed to as packages, rather than individually (online access also to ..statistics, company and industry info, legal sources, working papers, theses, and books online) • Inevitable overlap between databases, especially with top journals (e.g. ABI/Inform, Business Source Premier, publisher sites) • Journal embargos often apply to latest full text (e.g. Journal of Finance on Business Source Premier) • need for print or a separate subscription with publisher • Strong competition, but exclusive deals limit database choice • e.g. Factiva & Fairfax; Business Source Premier & HBR

  7. Electronic resources (2)… • Diversified online collections- Business Source Premier includes not only journals, but also company, industry and country reports • Database trials via CAUL (Council of Aust. University Librarians) for consortial negotiation of price and contract • Monash University Library Electronic Resources Selection Sub-Committee • chaired by the Digital Resources Librarian • all Faculty Teams represented • collectively make decisions about the acquisition of key databases and online journal collections

  8. Collection Development Issues • Obtaining active input from academics • Automation of the selection process Questions: david.horne@lib.monash.edu.au

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