IEEE has had chronic difficulty in managing its business and its priorities. Until very recently it was not clear who was in charge of managing the infrastructure costs, but the new IEEE Executive Director (ED) has now accepted this responsibility. Once I am in office I will work very closely with him to ensure that he has tight control over these costs and is managing them appropriately. I will also request that the IEEE Finance Committee (FinCom) receives a monthly accounting of the infrastructure expenses. I will propose a restructuring of FinCom′s work to have a strong focus on forecast management and control of spending with an emphasis on multi-year planning. I will support the recently started Strategic Program Assessment activities that should lead into phasing out lower priority programs so that higher priority ones can flourish without constantly adding new resources. I will revisit the current reserve spending rule and request that only activities aligned with IEEE Strategic Plan get funded. Finally we have to invest in new revenue sources. The current ones are facing significant threats and⁄or are not growing at the needed rate.

Adopting business efficient practices is essential for IEEE to be capable of offering cost-effective services to members globally.