Competitive Marketing and Planning Strategy in Higher Education
In: Academic leadership
ISSN: 1533-7812
With growing business markets, an increasingly large pool of nontraditional students, companyimplemented diversity initiatives, and a dire need for a well-trained workforce; American institutions ofhigher learning are facing a huge challenge. When it comes to the nuances of sales and marketing,most people do not consider the relevance to colleges and universities. Many colleges and universitiesare facing some daunting financial challenges. These schools are facing some tremendousperplexities in attracting new students because they tend to cost more than state colleges anduniversity. Liberal arts colleges charge tuitions that range from $15,000 to $25,000, which is lower thanan Ivy League institution but much higher than what is charged by public universities and communitycolleges (Zhao 2002).