1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
romanna [79]
2 years ago
13

What strategic plans could be adopted by the college or university at which you are taking this management course to compete for

students in the marketplace? Would these plans depend on the school's goals?
Business
1 answer:
Otrada [13]2 years ago
4 0

Answer:

A few strategic plans that ought to be adopted in a bid to compete for students in the market place includes;

PLANNING PROCESS

1. Developing goals, objectives, and action steps, and

2. Following up on  implementation, tracking progress, and revising the plan. During the initial planning process, conducting comprehensive institutional research is crucial to determine appropriate goals and objectives.

3. Coordinating with stakeholders in the planning process which can help build broad support among diverse constituents. In particular, the planning committee benefits from members that represent a variety of institutional roles, demographic groups, and campus units. In addition to building buy‐in, a diverse committee helps to anticipate the future cross‐unit coordination necessary to carry out goals and objectives.

4. Creating planning committees to include an average of 25 members from the institution. While the average is higher than the recommended 10‐12 members, it allows for broad participation. The committees often consist of senior administrators, faculty, staff, one or two students, an alumni representative, and a representative of the institution’s foundation. Participating staff and administrators represent units such as academics, student affairs, facilities, operations, enrollment management, information technology, institutional research, alumni relations, athletics, and budgeting.

5. A short plan cycle may also mitigate the tendency to front‐load or back‐load goals during the planning process. These pitfalls can lead to unrealistic timelines and/or a loss of momentum.

6. Aligning the budget with the strategic plan helps increase the plan’s impact. For instance, redesigning an institution’s budget request form to include strategic importance can ensure that key initiatives are implemented.

IMPLEMENTATION AND MONITORING

The plan should answer the question “How will we know if we reach this goal, and how will we prove it?” A comprehensive implementation plan describes, for each objective, action steps, anticipated outcomes, criteria of success, a timeline, benchmark indicator(s), assessment method, necessary resources, and the person or office accountable. Linking strategic accomplishments to administrators’ performance evaluations may also help to incentivize implementation.

Reporting annually on the institution’s progress can sustain momentum after the plan has been approved. Including a mix of short‐, middle‐, and long‐term objectives in the plan also improves motivation by creating opportunities for measured success early on.

Additional assessment methods may involve reviewing policies and procedures, or analyzing the results of surveys and focus groups. In these cases, the indicators may be revised internal documents or improved survey ratings.

WOULD THESE PLANS DEPEND ON THE SCHOOLS GOALS

The above-mentioned plans would be directly related to the schools goals which includes; e<em>nsuring students’ academic success, diversifying financial resources, improving infrastructure and operations, promoting community engagement, and developing institutional branding emerged as common strategic goals among the five profiled institutions. </em>Related initiatives include increasing enrollment and retention, improving alumni engagement, building sustainable facilities, establishing relationships with community organizations, and creating a marketing strategy.

You might be interested in
Chuck is concerned with what he considers to be an unfair situation at work. Although he put in 10 hours of overtime last week,
Levart [38]

Answer:

b. Decrease his inputs

Explanation:

The Equity Theory explains the influence that the perception of fair treatment has on the motivation of individuals. Or, from another point of view, in its demotivation.

People tend to compare ourselves to others. With other people's situations, inside and outside work. Thus, we form a perception about what is fair or unfair.

If the result of the comparison is understood as fair, people are more likely to feel motivated. On the contrary, when they perceive that they are treated unfairly, tension and demotivation appear.

In short, when compared to others, people want to be treated fairly for their contributions to the organization. And beliefs regarding what is fair and unfair can affect their motivation, attitudes and, therefore, their behaviors at work.

6 0
2 years ago
John's Mattresses is now selling its products in Spain. It has priced its line of mattresses very low in the hopes that it will
ch4aika [34]

Answer: predatory pricing.

Explanation:

John's Mattresses is now selling its products in Spain. It has priced its line of mattresses very low in the hopes that it will drive away weaker competitors. This is an example of predatory pricing.

Predatory pricing is when a company intentionally reduces its price in order to reduce competition. It should be noted that this can lead to monopoly and it violated the antitrust law.

6 0
2 years ago
the accompanying diagram depict's alex's demand for shoes. a. if shoes cost $50 a pair, how many pairs of shoes will alex buy?
luda_lava [24]

If shoes cost $50 a pair, the number of shoes she would buy is 5.

<h3>How many shoes will she buy?</h3>

The image shown is a demand curve. A demand curve shows the relationship between price and quantity demanded. Price is on the y-axis and quantity demanded is on the x-axis.

In order to determine the quantity demanded, trace $50 to the curve and trace it down to the x axis.

Please find attached the diagram used in answering this question. To learn more about the demand curve, please check: brainly.com/question/25140811

#SPJ11

6 0
1 year ago
Suppose that the supply function for honey is p=​S(q)=0.4q+2.8​, where p is the price in dollars for an 8​-oz container and q is
Ivanshal [37]

Answer:

The demand function is p= (-2.1)*q + 15.3

Explanation:

The supply function for honey is p=​S(q)=0.4*q+2.8​, where p is the price in dollars for an 8​-oz container and q is the quantity in barrels. The equilibrium price is ​$4.80. So, the equilibrium quantity is:

4.80=0.4*q+2.8​

Solving:

4.80 - 2.8=0.4*q

2=0.4*q

2÷0.4= q

5=q

The demand​ function, assuming it is linear, is p=​m*q+b

The equilibrium quantity is 5 barrels and the equilibrium price is ​$4.80; and the demand is 4 barrels when the price is ​$6.90. So:

\left \{ {{4.80=m*5+b} \atop {6.90=m*4+b}} \right.

Isolating the variable "b" from the first equation, you get:

4.80 - m*5= b

Replacing the previous expression in the second equation you get:

6.90=m*4 + 4.80 - m*5

6.90 - 4.80=m*4 - m*5

2.1= (-1)*m

2.1÷(-1)= m

-2.1=m

Replacing the value of "m" in the expression 4.80 - m*5= b you get:

4.80 - (-2.1)*5= b

Solving you get:

15.3= b

So, <u><em>the demand function is p= (-2.1)*q + 15.3</em></u>

3 0
3 years ago
After graduating, you might decide to start a small business. As discussed in this chapter, owners of any business need to know
Elanso [62]

Answer:

When the value of the service ends, it will be necessary to include the charges for the truck, the granary and the land. It is not necessary to include your mother's service charges, as she is not charging for the service.

Explanation:

Setting up your own business can be quite a big challenge and you need a lot of control and planning so you don't have to lose money. One of the biggest challenges of becoming an entrepreneur is to price the service performed. As was said in the question above, many people do not know how to place a value on the service produced, mainly because they are unable to identify the expense for service production.

In summary, the expense to produce the service must take into account all charges related to any element necessary to perform the service. Thus, we can consider that in the case shown in the question above, it will be necessary for you to include expenses with the truck (gasoline, repairs, exchange of parts, etc.), with the rent of the granary, with the rent of the land and with the gratification of any employee. Since your mother is not charging for her services, this charge should not be included, however, your mother will only be in this service for two years. If the person replacing your mother charges for the service, this should be added to the cost.

5 0
3 years ago
Other questions:
  • Kordel Inc. acquired 75% of the outstanding common stock of Raxston Corp. Raxston currently owes Kordel $500,000 for inventory a
    8·1 answer
  • If W. Edwards Deming was your management consultant, he would emphasize
    11·1 answer
  • Determine whether each scenario is an example of tax avoidance or tax evasion. Andrea keeps a record of all her business-related
    6·1 answer
  • Assume a country's nominal GDP is $600 billion, government expenditures less debt service are $145 billion, and revenue is $160
    11·1 answer
  • Joe lost a substantial amount gambling at a race track today. On the last race of the​ day, he decides to make a large enough be
    11·1 answer
  • 8. In the short run, there is a negative relationship between inflation and employment. A: True B. False​
    12·1 answer
  • 6. Which of the following statements is NOT an element of a well-designed Service System?a. It is consistent with the operating
    6·1 answer
  • Which financial statement summarizes a business’s incomes and expenses?
    12·1 answer
  • Esmeralda promises to pay fiorello $400 because ""he does not have as much money as other people. "" esmeralda’s promise is not
    14·1 answer
  • which statement regarding variable overhead variance analysis is true? multiple choice question. the variable overhead efficienc
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!