Identify the external and internal factors

Assignment Help Finance Basics
Reference no: EM132724839

The scenario

Three years ago a Dutch university decided to merge three academic departments to create abusiness school. This merger was the outcome of a university-wide restructuring exercise undertaken as part of a drive to improve the overall ranking of the university.

You are the recently appointed dean of the business school and you have been in post four weeks. You moved to this post from a Danish business school. Your predecessor was formally head of the department of economics (one of the three departments that were merged to create the business school). She has now retired.

When the business school was established it had a small financial deficit but this has gradually increased over the last three years. The overall annual deficit is now almost €200k. The economics department has an annual deficit of €750k. When you took up your new appointment the chair of the appointing committee provided a potted history of the business school and indicated that the university expected you to look for ways of eliminating the deficit and improving the school's research performance.

Your predecessor's style of management was to relate with the three departmental heads on a one-to-one basis. The only business school-wide committee is the learning and teaching committee which was set up in order to coordinate the school's response to a university-wide review of teaching quality and student support. The review was completed six months ago and the business school was rated below average.

The three departments that were merged to form the business school are economics, accounting and finance and management studies. They all have very different sub-cultures.

Other considerations

Additional issues that might influence your approach to managing this change are:

1. You have observed that, compared with elsewhere, the three departments in your business school do not seem to have been innovative when it comes to developing cost effective approaches to providing high quality learning experiences for students.

2. You are aware that academics still do alot of the administration associated with admissions, examining, timetabling and other aspects of teaching administration that could be undertaken by appropriately qualified support staff. However, you have some reservations about whether the existing support staff has the competence or motivation required to undertake this work.

3. You are also aware that even though the business school was established three years ago there is little integration across the three departments. For example, they each retain a departmental office and look after their own admissions and course administration.

4. Although each department offers separate undergraduate degree programmes you feel that there could be high student demand for a new degree programme that combines economics with inputs from the other two departments. However, you feel that this proposal will encounter strong resistance.

TASK

1. Identify the external and internal factors that motivate the university to make the change.

2. Identify key stakeholders that can be affected by the proposed change.

3. Diagnose the existing state in the school to identify situations in favor or against the proposed change and how to overcome negative aspects of the current state.

4. Identify important things leaders of the school can do to implement the proposed change.

5. Consider what might be done to motivate employees to accept the change.

Reference no: EM132724839

Questions Cloud

Community health project presentation : Suggest implications for community health nursing. Suggest areas of research for the elderly female poulation based on weekly readings and lectures.
Find and calculate the diluted earnings per share : Find and Calculate the diluted earnings per share. Wildhorse Corporation reported net income of $278,610 in 2020 and had 242,000 common shares outstanding
Competent information management structure : The establishment of a competent information management structure is a high priority for any health care organization.
How should he get started with succession plan : If you were going to advise Jack, what would you recommend he do first? How should he get started with his succession plan? What should he do next?
Identify the external and internal factors : Three years ago a Dutch university decided to merge three academic departments to create abusiness school. This merger was the outcome of a university-wide
At what amounts are dividends and dividends payable : At what amounts are dividends and dividends payable reported in the financial statements prepared at December 31
Impact on the hospital budget : You have been asked to provide an analysis of a current nursing or patient care problem which has an impact on the hospital's budget.
Find what characteristics successors should possess : Find what characteristics successors should possess? Briefly describe characteristics you would expect to find in a successful manager of type of venture
Financial discussions about patient care issues : How well are you now prepared to participate in financial discussions about patient care issues?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd