swot analysis final
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SWOT-analysis final.docTRANSCRIPT
Strengths Foundation:- One of the largest colleges in the valley with recent acquisition of KIST college
and NCIT college as well as operating Shreya Saving & Credit Co-operative Limited and others Reputation:- Positive reputation in the external community Affordability:-Provides affordable Training & Education Faculty & Staff:-Well Qualified Staffs with Variety of skills Student-Centered:-Provides Easy Access and strong academic preparation for students. Open
welcome atmosphere, dedicated faculty and staff, comfortable classes and excellent tutoring centers
Diversity:-Provides training in various educational Level as BBS, BSCIT,A-level, plus-2 science, management, humanities
Extra Curricular Activities (ECA):- Artistic and cultural Performances (seminars/exhibits), sport events as cricket tournament, basketball tournament etc.
Weakness
Work burden:- High and unequal workloads faculty & staffs Staff coordination:- lack of coordination between the staffs Organizational/ operational structure:- not defined properly Administrative and Management Supervision Financial Policies:- Not defined properly Internal Control Policies:-Not defined properly Software integration: - not integrated. While integrating billing and accounting software of
MIDAS actual data of billing software is integrated (modification of data in billing software may result in loss of data) but the management is hesitant to show the actual data of billing software for tax purpose.
Staff & Faculty Development and Training:- Lack Of time and resources including training for teaching online courses
Opportunities Growth Of organization:-
a. With recent acquisition of NCIT and KIST college, there’s a possibility of increasing revenue by increasing no. of students through implementation of various programs
b. Implementation of various Internal control policies over receipt, payment and othersc. Centralized accounting systemd. Centralized Reporting Sharing
Distant Education:-By growing online courses and programs Workforce Training:-Focus on specific careers that lead to professional development and
advancement. Create new jobs and opportunities through improved relationship with employees.
Attracting high School Students:-Revisit right program and activities for attracting High school Students
Alternative Funding :-Seek new funding sources , including grants, and expanded facilities, use agreements for additional revenues
Growth potential:- through merger, acquisition or new-construction Technological advancements:- in teaching methodologies
Threats Competition:- Growing competition with public and private institutions Pending Retirements:-Faculty/staff with unique skills and special knowledge and many years
of experience retiring in upcoming years and will be difficult to replace Growth of Organization: - Though our organization is expanding with recent acquisition of
NCIT and KIST following problems may arise.a. Implementation of Group Culture:- which may vary with organizationb. Merging Reports:- Reporting style of an individual organization varies from other,
merging such reports may be hecticc. Centralized Accounting systemd. Coordination between staffs
Audit Report:-not representing actual financial positions in audit report and the possible risks Increase in Reporting expected by government and Society Financial Crisis