ESRP 9000 Professor
Gina L. Peyton
ESRP 9001 Professor
Gina L. Peyton
This strategic research project was designed to evaluate the organizational infrastructure of the Academy and determine what could be done to increase its ability to reduce lack of funding so it can open a new school. Many schools experience obstacles that range from poor infrastructure, lack of training, and mismanagement of situations. The one vital element that many organizations fold and that element is finances. Therefore, it is critical that the Academy finds ways to mitigate these challenges.
The methodology that was utilized in this research is a combination of techniques. One of the methods that was utilized was a SWOT analysis. Completing this analysis allowed the researcher to include qualitative and quantitative data from the Academy and analyze factors that impact the organization positively and negatively by rating them through a decimal system. To address this issue, literature was presented in the research to support the main challenge of how the Academy suffered from lack of funding. In addition, several solutions were developed to assist the organization with the issue. To determine which s solution was the most effective and attractive strategy a Quantitative Strategic Planning Matrix (QSPM) Evaluation system was implemented to solidify a strategy. The strategy that had the highest total attractiveness score was developing sponsorships through educational partnerships.
Although the literature reviewed provided data to develop potential solutions. Other data and support are needed to effectively implement the strategy. Therefore, one recommendation to improve the Academy was to expand research on the necessary steps in creating an efficient partnership as a private school. The other recommendation was to complete additional research on co-op models involving parents and the community. The findings of this research project concluded that implementing a program designed to develop sponsorships and educational partnerships will help build a successful and sustainable environment.
Strategic Research Project-NSU Access Only
Doctor of Education (EdD)
Abraham S. Fischler College of Education
Adria J. Martin. 2023. Building a Strategic Plan to Mitigate Financial Challenges. Capstone. Nova Southeastern University. Retrieved from NSUWorks, Abraham S. Fischler College of Education. (26)