You have been hired as a consultant for North River University, a medium-sized (4k student) regional private university. Although the administration has many concerns, the new President's highest priority is to help students graduate quickly and receive high paying jobs. You decide to start your process by assessing all of North River's existing partners. What factors should you consider when deciding whether to continue working with a specific partner? > Question 2 (5 points) The President wants to know what strategies you suggest she utilize in order to improve the university. This process is called... Planning Organizing Leading 2 Controlling 5 Question 3 (5 points) You then need to identify the resources that are available and determine how they can be best utilized. This is an example of... Planning Organizing Leading Controlling Question 4 (5 points) It's now time to motivate people to act in a certain fashion to achieve said goals. This is an example of... Planning Organizing Leading Controlling Question 5 (5 points) Lastly, you develop a process to assess whether the university is successfully achieving their goals and what changes need made when goals are not being met. This is referred to as... Planning Organizing Leading Controlling Identify where you would place each of the following in the university's business model. Fixed Faculty Wages Qualified Faculty Tuition v Tuition 1. Value Proposition Student Athletes > 2. Customer Segment Credentialing > 3. Customer Relationship Management Parents 4. Channels Teaching 5. Key Activity V Facebook 6. Key Resource Chamber of Commerce 7. Partner 8. Cost Structure Grants 9. Revenue Stream Development of skills Hosting career fairs Career service center Variable Adjunct Wages Question / (10 points) There is a trend for businesses to provide products for Free. Describe how you might use a multi-sided model to provide a "free" education to students, Who is the secondary customer, and what value do they receive? (Bonus points if you avoid anything related to "advertising") Question 8 (5 points) The Admissions office believes they can recruit more students by offering a customized experience. You suggest that North River use a Long Tail business model in order to provide students access to a library with millions of pieces of content to meet each student's individual career goals. What are the two key costs that you need to minimize in order to make a long tail model successful? A/ Tou recognize an opportunity to unounaie a portion of the university ousiness moder and manage it on your own. The President loves the idea and gives you the thumbs up to start your own business. Describe your new business and why you chose to unbundle in this fashion. Why is this a Win-Win opportunity? Question 10 (5 points) Before opening your new business you decide to contact each member of your BAIL team. Who are you going to meet with? Rich Uncle Brother Logistics Manager Physician Financial Advisor Marriage Counselor Attorney Insurance Agent Banker IT Manager Accountant Question 11 (5 points) What is one activity that universities typically spend money on that you feel North River could reduce or eliminate? A Question 12 (5 points) What is one thing you love about college that you think North River University should invest in and even raise above the typical level? 23 A
