Another hot topic in these economically difficult times. Texas A&M has been making a big push (for a state institution) along these lines. There's been a lot of opposition to the effort, but it's clearly put these important issues more clearly on the table. It's my view that a lot of our smaller institutions may not survive the next couple of decades if we don't confront these productivity concerns head on, so I'm glad to see the ideas being discussed, even if I don't always agree with the specific approaches.
http://www.insidehighered.com/views/2011/07/20/o_donnell_on_faculty_productivity_data
http://chronicle.com/blogs/innovations/college-inefficiency-resource-misallocation-or-underutilization/29844
http://chronicle.com/blogs/brainstorm/faculty-productivity-is-coming/37718?sid=pm&utm_source=pm&utm_medium=en