Thursday, July 16, 2015

OCLC Research Reports - Stewardship of the Evolving Scholarly Record: From the Invisible Hand to Conscious Coordination

Key highlights include:
  • As the scholarly record continues to evolve, conscious coordination will become an important organizing principle for stewardship models.
  • Past stewardship models were built on an "invisible hand" approach that relied on the uncoordinated, institution-scale efforts of individual academic libraries acting autonomously to maintain local collections.
  • Future stewardship of the evolving scholarly record requires conscious coordination of context, commitments, specialization, and reciprocity.
  • With conscious coordination, local stewardship efforts leverage scale by collecting more of less.
  • Keys to conscious coordination include right-scaling consolidation, cooperation, and community mix.
  • Reducing transaction costs and building trust facilitate conscious coordination.
  • Incentives to participate in cooperative stewardship activities should be linked to broader institutional priorities.

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