Strategic planning for educational institutions
There are several reasons why a strategic planning will be carried out for an educational institution such as the university. There are two key reasons and they include the need to manage and restructure the funding models that exist and student recruitment and retention. In the strategic planning involves goals establishement, monitoring implimentation and trackin g process. Involving the stake holders which entails the boar of governors and the university leadership of the university in the planning process. The goals and initiatives ensure student success, ptrommoting community engagement, diversifying financial resources,and improving infrastructure. Under the implementation and monitoring, the plan will illustrate if it will address the issues highlighted.
The three major strategic planning models used in the analysis of the Yorkville University are the swot analysis, porters five forces, and pest model analysis. Swot analysis, the strategic planning tool will analyze the strengths, weaknesses, opportunities, and threats that the organization faces. As for the porters’ five forces is a strategic planning tool that is used in the determination of the business’s competitive decision and impact in the industry. The pestle analysis is a strategic planning tool used in developing a strategy for success for the tertiary university.
In terms of contributing to the ability to assess the strategic direction by implementing the strategic plan will help achieve the objectives. The objectives of Yorkville University are diversification of funding models and student recruitment and retention. The strategic tools also will be able to highlight the strengths and opportunities that the Yorkville university needs to exploit, such as online enrollment and attract foreign financiers to advance their research.
A strategic plan of 2020-2025
The mission of Yorkville University is to build a national university that provides practitioners oriented degree program leading to a career that is personally rewarding and contributes to the betterment of the society.
Vision is an institution dedicated to providing accessible, practitioner-oriented education programs that lead to an enhancing professional career.
The university’s core values are service, compassion, excellence, hospitality, integrity, diversity, and learning for life.
The institutional goals for the Yorkville University are first creation f an inclusive and just campus environment. Second, become a more student-focused institution.
The strategic goals and objectives.
Yorkville university’s strategic goals are diversification of the funding models, student recruitment and retention, and improving academic programs.