Assignment:
Problem:
Please help develop a scenario where my academic institution is facing financial distress? Using actual current events or a fictitious crisis, I also have to explain the circumstances and then outline an action plan where/how I would implement principles of retrenchment in order to restore equilibrium.
Outcome:
Develop a budget strategy that aligns with an institution's strategic plan.
Learning Objective:
1. Develop a retrenchment action plan to address a crisis.
2. Also, anyone familiar with the McKinley case?
I also have to analyze and discuss McKinley College's financial indicators, and indicate what evidence I can find that they have implemented strategic planning.
Outcome:
Evaluate the outcomes and effectiveness of the strategic planning and budgeting processes.
Learning Objective:
Assess strategic planning processes.