Must include Introduction and Conclusion. Be sure to use Headings and Sub-Headings.
Basic Premise: For most of their histories, traditional colleges and universities have had no serious competition except from institutions with similar operating models. However, for the first time disruptive technologies are at work in higher education as competitors are offering online courses and degrees. Clayton Christensen, Kim B. Clark Professor of Business Administration at the Harvard Business School and Henry J. Eyring, vice president for advancement at Brigham Young University—Idaho, describe the evolution of the widely influential Harvard model, and note the disruptive potential of online degree providers as evidenced by their divergence from that model. They encourage institutions to commit to real innovation by changing their DNA from the inside out, and discourage them from trying to excel at too much as they attempt to climb ahead of their competitors. Instead, they recommend that traditional universities adopt a pattern of continuous innovation focused on their unique mission—without undue concern for either tradition or what other institutions are doing.
Special Note: This paper is to introduce a proposal to bring an online Bachelor Degree program to Pillar College, its President’s Cabinet and Board of Trustees. It is the belief of this writer such an addition will increase our enrollment exponentially, thus adding additional revenues to an otherwise restricted budget.
Review your readings from the course text. Prepare a 5-page (not including APA Cover Page, References Page or any Appendices) essay discussing the following:
With an inconsistent economy and regular governmental policy alterations, it is important for a university to strategically allocate its monetary resources to support its operations and avoid retrenchment or bankruptcy. In many instances, a university’s budgeting committee will consider these factors when developing their financial strategy, although the amount of varying techniques, such as long-term forecasting or marketing investments, are different depending on the opinion of the institution’s executives and research department.
Fracture lines can be seen everywhere in America’s higher education system, from skyrocketing tuition costs and mounting student debt to a significant mismatch between the skills employers seek and those students possess upon graduation. These pressures, coupled with the recognition that the status quo is unsustainable, are in turn fueling innovation across the higher education ecosystem. We are beginning to see the emerging outlines of a new landscape with online learning for higher education.
1. Provide a thorough overview of the financial budget planning process for a university, emphasizing the importance and function of the varying techniques to accommodate and prevent retrenchment.
– Pillar College is a small tuition-driven institution of higher learning with its main campus located in Newark, the largest city in New Jersey. As the paradigm has shifted over the years, Pillar has made two major additions over the past decade and a half to stay afloat in the ultra-competitive New York/New Jersey metropolitan market. Below is a brief description of the two stimuli (LEAD and BLEND) along with the final impetus, Online Degree Program.
a. LEAD – Pillar College introduced its Life Enhancing Accelerated Degree Program in 2001. This program is specifically designed for working adults ages 25 and older. Students can enter the program with 48 or more credits and complete a Bachelor’s degree in 20 to 22 months.
b. BLEND – Pillar began offering its Bi-Lingual Entry Degree Program in 2012 to meet the needs of our Hispanic students where English is their second language. Students can complete an Associate’s degree in just two years completely in their native language of Spanish; all while blending five levels of ESL into their program.
c. Online Degree Program – The third and final addition that needs to be made to take Pillar to the next level is the addition of an Online Degree Program. While students currently can take online classes at the college, there is no degree completion program offered online.
2. Compare and contrast alternate theories and techniques and provide your personal opinion of how to increase the probability of organizational success and sustainability.
Include examples of a current or recent event that involved budgeting restructuring within a university to accommodate a government regulation or economic crisis.
You are required to utilize a minimum of 6 to 7 academic resources for the Final Essay. These are academic resources other than your texts. Please format your document and corresponding in-text citation in APA Style. Remember to format your document and all citations in APA style, including a University cover page.
Primary Text: You must use the following primary text book:
Goldstein, L. (2005). A Guide to College & University Budgeting. Foundations for Institutional Effectiveness. Publisher: National Association of College & University Business Officers.
Resources: You are required to utilize a minimum of 6 academic resources other than your primary text and format your document and corresponding in-text citation in 6th edition APA Style.
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