The given SWOT Analysis has been conducted based on the distance learning market place environment and the courses offered by DMU, along with the courses offered by its competitors.
Figure 1: SWOT Analysis (As created by the author)
Analysis
The SWOT Analysis is a strategic management tool which helps in the analysis of the strengths and analysis of a certain project to be implemented, a product or a particular service which has been launched recently. It will also help in analysis of the opportunities that the product might face in the external environment of the business (Hill, Jones and Schilling 2014). The threats that exist in the environment are also stated.
For the given analysis, the SWOT Analysis has been performed with respect to the strategy of DMU where it plans to expand its distance learning program by offering a wide number of courses. From the SWOT Analysis the following could be found:
Recommendations for the university are as follows:
The given Porter`s five forces model analysis the external environment of the e-commerce industry with respect to the distance learning program offered by the DMU
Figure 2: The Michael Porter`s Five Forces Analysis (As created b the author)
Findings:
Objectives identified for the university:
Table 1:
Objectives |
Critical Success Factors |
Key Performance Indicators |
Resources and Competencies required |
Achieve enrollment of 5000 each year. |
Increase market share through advertisement |
New Leads Student satisfaction |
A good advertisement strategy A good sales team |
Earning a profit of $100000 in the first year |
Offer courses at moderate prices |
Competitor pricing Sales volume |
A good strategy for marketing |
Offering more than 50 specialized courses |
Offering variety to the students |
Client acquisition Rate Student engagement |
A good product planning and advertising team |
Organizational change required
If DMU decides to invest more in the distance education based technique then it will be required to see to it that it is able to bring about a change in the structure of the organization. A separate distance learning department needs to be set up who will be required to see to it that the student grievances and management is done in a clear and concise manner (Moriarty et al. 2014)
Competition present
Presently, there exists vast competition with various other universities offering the same program.
Demand
However, as education forms and integral part of life, the demand for learning programs is very high.
Ensuring promotion of culture and trust in the website:
In order to ensure that there develops trust among the students with respect to the course offered the DMU webpage needs to ensure the following:
The given communication tools can be used by the University:
References
Andrews, J.C. and Shimp, T.A., 2017. Advertising, promotion, and other aspects of integrated marketing communications. Nelson Education.
Barney, J.B., 2014. Gaining and sustaining competitive advantage. Pearson higher ed.
Eden, C. and Ackermann, F., 2013. Making strategy: The journey of strategic management. Sage.
Hill, C.W., Jones, G.R. and Schilling, M.A., 2014. Strategic management: theory: an integrated approach. Cengage Learning.
Moriarty, S., Mitchell, N.D., Wells, W.D., Crawford, R., Brennan, L. and Spence-Stone, R., 2014. Advertising: Principles and practice. Pearson Australia.
Moutinho, L. and Vargas-Sanchez, A. eds., 2018. Strategic Management in Tourism, CABI Tourism Texts. Cabi.
Slack, N., 2015. Operations strategy. John Wiley & Sons, Ltd.
Wheelen, T.L., Hunger, J.D., Hoffman, A.N. and Bamford, C.E., 2017. Strategic management and business policy. pearson.
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