...Inventory Proposal: Analysis of University Of Phoenix Demand for Units QRB501 Inventory Proposal University of Phoenix is a for-profit university initiated in 1976 by John Sperling (Kinser, 2006). The university originated in the Phoenix metropolitan area and started with only eight students (Kinser, 2006). Sperling wrote about the origin of University of Phoenix and refers to it as “Rebel with a Cause” (Kinser, 2006, para. 2). Sperling experienced much opposition in getting UOPX in operation to help underserved and hard working adults further their education. Thanks to his determination and confrontational side, Sperling is 88 and can see UOPX having a net worth of $9 billion (Kinser, 2006). University of Phoenix is top on the list of for-profit universities. They enroll more than 230,000 students and have 170 throughout the United States (Kinser, 2006). It is apparent to past critics that universities who provide opportunities for working adults are growing at a rapid rate. More students are leaning to online schools and universities to advance with higher degrees. One thing plaguing the United States is the economy. The cost of tuition is steadily increasing, making it more difficult for students to afford education without the help of scholarships, grants, and student loans. It is said that for-profit universities depend heavily on federally funded students to stay afloat financially (Field, 2011). There are reports and suits filed from past instructors...
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...Nobody State University Tuition Universities must constantly weigh tuition pricing in relation to the cost of providing quality educational services. Determining where to set tuition pricing is an increasingly critical decision which administrators and university presidents must analyze when considering the university’s goals. Not only does the cost of tuition play a factor in student enrollment, it also provides a major revenue source to an institution. The question which universities must answer is, “What effect will raising or lowering the university’s tuition have on the total earned revenue? This paper investigates this question and reviews under what conditions a change in tuition prices will cause the revenue to rise, fall, or remain constant. Finally, applying a hypothetical tuition elasticity coefficient of demand for education value of -1.2, provides a tuition increase recommendation to the Nobody State University’s president and administration board based upon the university’s potential revenue impact. Historically, the demand for a university or college education has not reduced as prices have risen. In fact, even though prices have gone up, the number of college applicants has continued to rise. Meagan Pant writes in her article in the Tribune Business New, “The majority of Americans think college is too expensive for most people to afford -- although the widely held opinion has not hindered skyrocketing enrollment or stopped virtually all parents from expecting...
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...204: Principles of Microeconomics August 10, 2014 For this week’s assignment we have to assess how to increase the total revenue for a university by raising or lowering the tuition. As a consultant hired to help Nobody State University, I will assist in helping the university find the appropriate solution to help the university survive by changing the cost of tuition. Assess a raise in tuition and if it will necessarily result in more revenue. Raising the tuition at the university would not necessarily result in more revenue. When the price of tuition increases it will cause students to drop out; if the school is trying to keep the same number of students enrolled this will be a problem. However, if they are looking to decrease their enrolment while still increasing their tuition cost they could see an increase in revenue but not much. I would see the university’s goal as getting the most amounts of students to pay the higher tuition fees. Describe the conditions under which revenue will (a) rise, (b) fall, or (c) remain the same. Price determination is a difficult decision; one that should establish a tuition that retains current students, attracts new students, and provides adequate revenues to cover costs. (Byran & Whipple, 1995) Rise Conditions under which revenue will rise would be if the enrolment of students remains the same and rises. The university will have look at other factors that will make their school more appealing and worth the additional costs...
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...http://www.mediafire.com/?q23rnx5zklvx22ohttp://www.mediafire.com/?jlwa859lj1upzqo,http://www.mediafire.com/?2dy3ddf59oq1dt0,http://www.mediafire.com/?q23rnx5zklvx22ohttp://www.mediafire.com/?jlwa859lj1upzqo,http://www.mediafire.com/?2dy3ddf59oq1dt0,http://www.mediafire.com/?q23rnx5zklvx22ohttp://www.mediafire.com/?jlwa859lj1upzqo,http://www.mediafire.com/?2dy3ddf59oq1dt0,http://www.mediafire.com/?q23rnx5zklvx22ohttp://www.mediafire.com/?jlwa859lj1upzqo,http://www.mediafire.com/?2dy3ddf59oq1dt0,http://www.mediafire.com/?q23rnx5zklvx22ohttp://www.mediafire.com/?jlwa859lj1upzqo,http://www.mediafire----------------------- Page 1----------------------- S E IZA DP No. 3827 I R E S R E P Rising Tuition and Enrollment in A P Public Higher Education N O Steven W. Hemelt I S Dave E. Marcotte S U C S I D November 2008...
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...2013 Introduction Initiating tuition costs at Universities and Colleges can be of an essential importance to college institutions who may be suffering from unfavorable financial effects because of the lack of resources that are being distributed and the increase of education and faculty costs. However; with the increasing cost of tuition, this can have parents wondering if the investment of higher learning is worth it, especially when the costs of college exceeds what a student can make in their first year of working. Can Universities find alternate ways to increase their revenue, other than raising tuition? There are many ways institutions can make more revenue, they just need to collaborate their minds and resources to do so. Nobody State University increases their tuition, hoping to get more revenue, is it a wise decision for administration? In this paper I will go over conditions in which revenue may rise, fall, or remain the same, focusing on the relationship between the increase and decrease of revenue from student enrollments and possible ways to expand their revenue, outside of raising tuition. Well there are many reasons why colleges raise their tuition to increase their revenue, as I will discuss in this paper. Raising Tuition Was it a good decision for NSU to raise tuition costs, well according to their administration it was. Raising tuition for this University was a way for them to increase their revenue, in which it may not. With the growing anxiety...
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...Management of Organizational Behavior Colorado State University-Global Campus Dr. Linda Klonsky March 4, 2012 2 Portfolio Assignment - Week 8 Introduction The concept of enrollment management emerged in the 1970s and has developed into a strategic way of recruiting, retaining and graduating students. Rather than taking a “shotgun” approach with “get as many as you can” results, enrollment management strives to proactively plan for long-term enrollment and retention. It is a data-informed process that aligns an institutions’s fiscal and academic resources within its ever-changing environment to accomplish the institution’s mission and ensure long-term enrollment success and fiscal health. “‘Numbers,’ say the finance staff, ‘Quality,’ cry the faculty. And the admissions officers find themselves trying to do their job faced with variables over which they have no control.” (Swann, Henderson & AACRAO, p.71). Data must be the key. Says Kurz (2003, p. 39), “Without data, it is easy to try to do too much in too many places, resulting in a diluted effort that produces little by way of significant results”. An enrollment management structure consistently includes the core offices of admissions, registration and financial aid but in some situations, it may also include retention, orientation, counseling, first year experience and other offices that directly relate to student success. The combination of these offices under the umbrella of enrollment management allows nonacademic offices to work...
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...To raise more revenue, Nobody State University increases its tuition so, this would not increase the revenue but it would decrease the revenue. If one increase then the other would definitely decrease. No it would definitely not result into more revenue to have more revenue Nobody State University would have to decline some enrollments in order to increase the revenue. Most likely Nobody States University will not decline enrollment so the cost of tuition would definitely be increased. Under what conditions will revenue (a) rise, (b) fall, or (c) remain the same? Revenue would not fall or remain the same it would increase more likely due to the economic industry. Tuition have risen in the past and it has not stated the same or lowered while economic crisis continues to rise tuition cost would also increase. Explain this process, focusing on the relationship between the increased revenue from students enrolling at NSU despite the higher tuition and the lost revenue from possible lower enrollment. The tuition fees raises but, it is due to the economic of health care, other industry with a huge cost problem. Both college education and health care have raised sharply in most developed countries not only the United States. The government is the real reason why tuition is raised and it is to replace state revenues or other private revenue sources because state subsides are going down. The student has been rising steady for decades because once subsides get cut...
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...effects of college tuition discounting. Findings indicated that: 1. At least 1/4 of the colleges and universities used discounting strategies that resulted in large losses of tuition revenue 2. Institutions with the greatest increases in discount rates raised their spending on institutional grants by $3,375 per undergraduate, but their tuition and fee revenue grew by just $3,069; 3. Discounting strategies do not appear to have significantly improved the academic profiles of admitted undergraduates when measured by changes in median admissions test scores of entering first-year students 4. Tuition discounting appear to have helped institutions increase their number of low-income undergraduates 5. Increased use of tuition discounting appear to have made it possible for more students from all income levels to enter higher education. Colleges and universities have several distinct goals for using tuition discounts: * to increase enrollments of low-income and other under-represented students; * to raise enrollments of students with high academic achievements or other talents; * To increase revenue from tuition and fees. However, the results show that at least one quarter of the four-year private colleges and universities used discounting strategies that resulted in large losses of tuition revenue. The institutions with the greatest increases in discount rates raised their spending on institutional grants by $3,375 per full-time equivalent (FTE)...
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...better chance in getting a job and a good education for their future. Assess a raise in tuition and if it will necessarily result in more revenue. When it comes to Nobody State University (NSU) price elasticity of demand is a factor to see how tuition being increased can affect revenue. All these...
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...ON/SEC V – Leadership and Organizational Behavior Professor Anne Hallcom February 19, 2011 DeVry University is an accredited nationwide University whose headquarters are based in Chicago, Illinois; there has also been global expansion to Belize and Calgary. DeVry University’s primary goal and focus is providing quality practitioner oriented education to students and has for nearly 80 years. “The Sacramento Center, as the campus is called, is booming. Marcela Iglesias, who has been dean since it opened in 2003, estimates that the campus will exceed its capacity of 825 students within a year, and DeVry officials have begun to search for more space.” (Keller, 2010). Along with DeVry University, Carrington College, Ross University, Keller Graduate School of Management, Becker and Stalla have also been acquired under the DeVry University Inc. umbrella and are affiliated with the brand. Advanced Academics is a school recently acquired that is targeted to middle school and high school students as a means of completing their middle school and high school degrees, to ensure a greater chance of success and continuing their education after they graduate; and also been acquired under the DeVry University Inc. umbrella and are affiliated with the brand. “DeVry's origins trace back to 1931, when Dr. Herman DeVry established DeForest Training School in Chicago to prepare students for technical work in electronics, motion pictures, radio and, in later years, television. The school's name...
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...around the world. The crisis also plays a significant role in the crash of key businesses and collapse of housing market, results in the delayed unemployment. Higher education is a large and various venture in the United States, which has impacted by the economic recession in a number of ways, but these impacts have not been the same and vary depending on state and type of institution. Most higher education traditions started to be concerned about their financial problems due to economic recession. Their main source of revenue has been hurt by the downturn, and that those universities would need to make hard decisions about how to spend their money. In some states, a lot of institutions are in process of fund-raising programs to avoid delaying their supported campus building projects. Many of higher education university’s leaders have been considering and solving of two following questions: How is the economic downturn affecting institutions both public and private? What strategies are leaders implementing to guide their institutions? Unsuccessful budget strategies are the main reason that caused many institutions’ problems. Their top managers have not effectively managed their money. Fund-raising, government support, and earned income will also suffer in a poor economy. They are also experiencing revenue deficits due to lower state appropriations, endowment losses, or a reduction in donation. Furthermore, institutions' difficulties in gaining access to funds invested...
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...New Hampshire University Professor Richard J. Monohan QSO-600-X2072 – Operations Management Date: November 22, 2014 Strutledge College is considering the addition of an MBA program. Certain Factors have been identified that should help in making a final decision. However, the college has solicited recommendations that will be presented to the Board of Regents. The purpose of this case study will propose a course of action plan that will benefit Strutledge College and its endeavors to expand its student base and build valuable ties with area businesses, and simply survive. Problem Although business courses are taught at Strutledge College there are no undergraduate degrees offered. Enrollment has decreased and costs to operate the college are rising. With regards to budget, Strutledge is not in a position to hire additional staff. In addition, recent reports of the dwindling value of an MBA are cause for concern. History According to Kelly Cherwin currently 126 institutions, most of which are in the United States, offer nearly 300 of these innovative degrees and last year nearly 5,500 students are enrolled in Professional Science Masters degree programs or PSM. (Cherwin, 2014) Although Strutledge is considering a Masters program in business the notion of program improvement applies. “Sam Sterling, Vice President of Academic Affairs and Dean of Faculty at Keck Institute noted, ‘We continue to see rapid growth I the numbers of students enrolled.’” (Cherwin...
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...[pic] PROPOSAL TO ESTABLISH ENROLLMENT MANAGEMENT IMPLEMENTATION TEAM (EMIT) UNIVERSITY OF HAWAII AT HILO Background: Over the past decade, the University of Hawaii at Hilo has consistently increased its enrollment by nearly 40% from 2,587 in Fall 1997 to 3,608 in Fall 2007. UH Hilo intends to become a comprehensive University with a target enrollment of 5,000. The University has struggled to maintain a level of infrastructure – including human resources support, facility expansion, and budget augmentation – to keep pace with this rate of growth. Also, there is a lack of consensus among major campus constituencies about the value of this growth in student enrollment as well the manner in which that growth should take place. Further, in its report from a March 2008 Special Visit Review, the Western Association of Schools and Colleges (WASC) team recommended among other things that “the campus create an Enrollment Committee composed of appropriate faculty, staff, students, and administration to develop a growth plan for the campus. The campus team should work with the system to clarify the value of recruiting students from outside the state of Hawai`i.” Justification: Strategic enrollment management (SEM) is • “A comprehensive process designed to help an institution achieve and maintain the optimum recruitment, retention, and graduation rates of students where ‘optimum’ is defined within the academic context of the institution. As such, SEM is an institution-wide...
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...all have questions on why the enrollments at Strutledge have fallen and why we are not growing in ways where we have in the past. Although many can attest that the way institutions plan and the way they deliver education might be just what is the key for our institution to grow. Many questions might arise as, we look into developing new and innovative programs such as the MBA online programs . In this we have too look at how the nations is evolving into meeting the demands of new ways of delivering education and meeting the demands for institutions to increase in enrollment and at the same time creating revenue. We have the opportunity to create a new programs that can bring to Strutledge more enrollment and more formidable funds to increase completion rates for our institutions. In addition, we also have the opportunity to offer our students an advantage in their educations in new and innovate markets with the introduction of the online platform. We also have the opportunity to bring in local experience individuals that have the expertise in the business world to help deliver the wonderful opportunity for our students. Planning for Strutledge future as student change As we look toward the future for Strutledge, We must take into account our key options that will help us move forward in creating a good enrollment increase. As with many institutions we are seeing decreases in enrollments and the view of this comes from losing traditional student body population. Here is the...
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...measures how products or services supplied by a company meet or surpass a customer's expectation. Customer satisfaction is important because it provides marketers and business owners with a foundation that they can use to manage and improve their businesses. The concept of customer satisfaction has drawn the attention of practitioners and academics from last several years based on the fact that customers are the primary source of profit for most of the firms operating in the market (Tam, 2004). According to Churchill and Surprenant (1982), “customer satisfaction is an outcome of purchase and use resulting from the buyers' comparison of the rewards and costs of the purchase in relation to the anticipated consequences”. It is also defined in terms of an emotional state that usually arises in response of evaluating a particular service (Westbrook, 1981). The former concept highlights the fact that satisfaction is determined through a cognitive procedure by comparing what customers give up to get a service( cost) and what they receive in response ( reward), however the later concept takes satisfaction as an emotional feeling that results during the process of evaluation (Tam, 2004). Consistent with this concept, we can say that “customer satisfaction is defined as an emotional response, which results from a cognitive process of evaluating the service received against the costs of obtaining the service” (Woodruff et al. 1991). Customer satisfaction facilitates the measure of how service...
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