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Strategic plan - Essay Example

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The environment of an organization in business, like the academe, is the pattern of all the external conditions and influences that affect its life and…
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Strategic plan

Download file to see previous pages... It is in this regard that this essay is written to evaluate strategic planning at Cornell University in terms of
The most important external environmental issues that Cornell University has to contend with are as follows: (1) the financial crisis, (2) political policies regarding government support; and (3) private donations. The global financial crisis would have a profound effect in the strategic plans of Cornell University in terms of its effect to the number of enrollees. As companies become affected by this crisis, employment is drastically altered with worst scenarios leading to unemployment. If parents get unemployed, the enrollment of children would definitely be affected. Also, private donation would potentially be lessened due to the financial crunch.
Concurrently, political policies regarding government support would also be affected by the financial crisis. There could be possibilities of cut in government budget allocating funds for educational support.
Cornell has an outstanding faculty and record of academic excellence that promote the best traditions of research and scholarship while engaging with the critical issues of the contemporary world (Cornell University 2009). “Student demand for entry to Cornell is high and continues to grow, as does the talent of our student body at the undergraduate, graduate, and professional levels. The universitys location and academic traditions have enabled the creation of exceptional intellectual community between and among faculty and students.” (ibid.)
Due to the challenges identified in the environment, Cornell University has to address the following issues: “(1) As is true for other institutions of higher education, Cornell must seek new revenue sources to avoid unsustainable tuition increases and/or limits to student access and to faculty and student achievement; (2) Cornell competes for students, faculty, and staff with outstanding universities, some of ...Download file to see next pagesRead More
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