Financial Health of Institutions Of Higher Education Essay

Financial Health of Institutions Of Higher Education - Essay Example However, with the current increased competition for students, this proved to be more difficult and getting enrolments which were high enough was hard for the college. Part D Offering training and certificate courses to lead to degree courses is important in at least two ways. To begin with, it helps increase the enrolment from many students who may not qualify to go directly to the degree course. If students can, and actually should, be considered as customers in the case for colleges, addressing this part for he market is a good way for the college to differentiate itself especially from the bigger universities which offer stiff competition for the students. Offering certificate and diplomas to help these students to bridge for their degree courses gives many people the opportunity to qualify for degree courses and at the same time give the college a new market segment to increase its overall market share. This definitely increases the enrolment and increasing enrolment will increas e the amount revenues through tuition fees. Part C There are many people who see this kind of path towards achieving higher education as a very important way to go on with their education. Many people fail to get the required grades to join college for various degree courses not necessarily because hey are not academically competent, but due to various issues. Giving them this avenue is an important way to help them to achieve their academic goals without allowing past barriers to prevent them from achieving these goals. As a result, offering these certificate courses to these students will definitely attract more students and more students also mean more money in the form of college tuition fees. The biggest advantage is that the cost of training certificate students is relatively low as compared to higher courses and this keeps costs down while at the same time increasing revenue. The other important thing with this strategy is that most of these students who have not qualified to degree courses and a looking for bridging courses are more willing to pay their fees without looking for subsidies and this reduces the financial burden for the college per student. It is also likely to get more enrolment from the local community because students do not travel to institutions which are too far from home to go and do these bridging courses. The only students who go to college which are far from their local area are those who are doing degree courses or post graduate courses. However, the main reason that this strategy was very successful is because it was not just a way to increase revenue, but it is also a solution that is solving other educational needs by giving individuals a second chance in acquiring higher education. Part D: not applicable Section 2 Both Georgetown College and Wesley College are not doing better than they were doing before. Their main revenues streams have declined over the years across the various streams of revenues. This indicates that the two colleges are not doing well and they have not been able to use the advice given as a way to make sure that they have healthy financing. The lack of success for the two colleges can be seen in the way they have both come from higher revenue flows in the year 2001 to lower revenues in the year 2010. Overall, they have done worse in placing themselves in a path that is of worse and riskier financial life. With regard to private gifts grants and contracts Georgetown College

Innovation, Technology Essay Example | Topics and Well Written Essays - 4000 words

Innovation, Technology - Essay Example The objective of this paper is to determine whether technology significantly impacts the core strategies and organization of companies to the extent that it should be considered as the primary means of initiating innovation or development. For the purpose of this study, The validity of the statement will consider in both public as well private enterprises from small to large scale. In the course of the discussion, the research will also determine effective applications of technology, how it is changing markets and industries and the developing challenges for companies with its utilization. The application of technology necessitates a study of the relationship of productivity and technology. The debate on whether productivity paradoxes really do exist has become an issue for analysts and managers once more with the shift towards digitization. Consider the implications of the productivity paradox or the Solow computer paradox that Robert Solow theorized in response to the mechanization of clerical work. According to Solow that, "You can see the computer age everywhere but in the productivity statistics," (Greenan et al, 2002, p. 42). The productivity paradox implies that as technology is introduced to a system, in particular information technology, work productivity decreases (McGovern, 2001). If the paradox is to be accepted as true, then technology contravenes productive strategies. However, Dusharme (2001) points out that these impacts are part of the process of adaptation, similar to competency development learning curves. Furthermore, Suter (2007) points out that many companies have considered alternatives to techno-based strategies because of the cost of implementation as well as discrepancies in information literacy in international markets. In Tubbs and Schulz (2006) study, he concluded that lags in productivity in technology-related initiatives can be attributed to the lack of channels where the technology can be learned or used. Explanations for the decline in productivity pointed out the need for technology to be prevalent before it impacts productivity significantly. Thus, later adaptation to technology creates less vulnerability to productivity paradoxes: the implication is that later access to emerging technologies, with the assumption that there has bee growth in software and applications available, is a more viable choice to ensure productivity. Technology and Business Operations According to there should be a realization that the technology is a tool and the degree of its impact is dependent on other strategies (Womack et al, 1991). The bulk of technology adaptations and strategies have focused on information and communications technologies. Among the benefits that have been seen is the increase in communication and networking capacity technology provides (Insinga & Werle, 2000). For example, the utilization of VOIP (voice over internet protocol) operations has become critical in the management or trafficking PSTN calls locally and internationally as well as mobile communications; IP Multimedia Subsystems (IMS) are providing platforms for the incorporation of internet technologies with business operations; as well facilitated the actual interface of VOIP infrastructure with PSTN; and the rise of network societies, referring to online communities and feedback systems,