Key success factors
The following are the most critical success factors today for University of Phoenix:
Consistently attracting qualified students by developing relationships with corporations who offer reimbursement.
This Is critical for the long-term growth of the university, specifically working with larger corporations who offer attractive educational reimbursement programs to their students.
Developing more global opportunities for growth by partnering with other universities in Europe and Asia. University of Phoenix needs to also partner with universities in other regions of the world to extend its reach as well. The cultural differences in online learning in Europe and Asia require local partners to assist with the tailoring of content for needs in these markets.
Stability of 21,000 member faculty. This is also another key attribute to the success of the university, as the learning curve to have instructors teach online is significant. Stabilizing its workforce is critical.
Continually expanding the number of programs offered. This is also critical as it is necessary for the university to expand the total available market it serves.
Financial situation/needs
Today Apollo Group is profitable yet finds itself in the need of the following strategies to sustain its growth:
Strategies to increase net contribution margin. Currently Apollo Group overall and the University of Phoenix...
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This strategy was combined with the company's focus on CAFE-based compliance and support for Fair Trade-based trading practices with coffee suppliers. This renewed focus on managing their supply chains to tighter levels of profitability and performance metrics including increasing quality standards has led to a significant reduction in operating expenses and control of variable costs (Starbucks Investor Relations, 2011). Starbucks was also able to manage costs of closing locations
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