Summary of Strategies: Use Strengths to Avoid Threats
Strengths
- Faculty/student relations (Class size, Advising)
- Unique curricular programs (Entrepreneurship, Finance Lab, Bloomberg)
- Location (Proximity to NYC and Jersey Shore)
- AACSB Accreditation
Threats
- Community relations
- Tuition Dependence
- Non-differentiation
- Changing Business Practice (Program Relevance)
- Cost of Education
- Sticker Shock (NJ Cost of Living and Tax)
- Competition
- Lack of Resources
- Lack of Diversification
ST Strategies (Use Strengths to avoid Threats)
- Use faculty/student relations, location, unique curricular programs, and AACSB to address non-differentiation, competition, cost of education, and tuition dependence
- Improve or develop new curricular programs to meet changing business
- Link curriculum aspects to practice by collaborating with local communities and corporations
- Engage in a campaign to increase student managed portfolio funds
- Promote our unique programs in order to differentiate ourselves from our competition
- Utilize the location of the beach in the summer
- full summer sessions for students entering the junior and senior years taking 15 credits and can dorm on-campus throughout the summer
- students can complete their degrees in only three years by taking 15 credits during the summer or students can complete a bachelors/master’s degree programs in four years
- faculty members who are consistently evaluated highly could be allowed to teach summer classes comparable to that of a full semester’s load
- Use window-based system – Microsoft Surface
- All students admitted to the LHBS should be charged a one-time fee of $300 for a Microsoft Surface
- Using the same system, in-class exercises could be done outside of the lab
- Using the Surface, more e-Book options are available, thus lowering the “sticker-shock” for our students
