Corporate library business models
September 10, 2006The way research works at the Corporate Librarian’s company, researchers are given target recoverability rates. This means that, say, at least 65% of my time must be allocated to helping clients. Projects or business groups have charge codes set up by finance which we charge our time back to.
As far as sources go, some are paid for flat-out by the company (with usage being tracked) and others have a cost-recovery scheme (a document from a given source is charged back at a rate of $X).
I wonder, though - instead of viewing research activities as a cost center or a service center, is it possible to position research as a profit center? It might be tricky, given that contracts for sources usually have usage and distribution restrictions. That means one source of revenue, doing work for the company’s clients, is extremely difficult to work out. But it would seem to encourage efficiency and provide a possible defense when layoffs come around.
I’ve found a 1997 survey on news libraries as profit centers (through CD-ROM subscriptions, microfilm sales and inclusion of archives in commercial databases, fee-based reference services) and various articles on marketing libraries or making business cases for libraries, but I wonder what thoughts my readers might have.
The Corporate Librarian has been interested in corporate library/research business models, ever since a colleague at his previous job told him how KM and research had been referred to as “bloodsucking overhead.”
Posted by Steven Kaye