MIAMI UNIVERSITY

Coronel. Dingle. Senas

HISTORY
Miami University was officially established in 1809 in Oxford, Ohio.

14 385 undergraduates and 1,341 graduates

MISSION
Our Mission is the advancement of learning through
teaching, scholarship and service to society: by offering to outstanding undergraduate and graduate students the

best education available; by carrying out scholarly

activities judged to be excellent when measured against the highest international standards; in those ways for which we are well-suited by virtue of our academic strengths

VISION
We are committed to establishing a campus culture that reflects a fundamental respect for

different ways of living, working, and learning.

We intend to assure every individual the opportunity to reach her or his potential.

PROBLEM
What strategy should Miami University develop
to have effecting budgeting to be able to maintain its position as one of the top public universities in the United States of America despite external factors it faces such as uncertain

funding and changing demographics?

Strengths 1. Brand Image of the university 2. High graduate rate (64%) per year 3. Enrolment ratio increase every year 4. #21 in top universities in the US 5. 75% full time and part time PhD faculty 6. Most frequent class size 20-30 7. Business related course

Weaknesses 1. High tuition fee 2. High student cost I 3. Hamilton and Midtown campus are non-residential 4. High Student Cost 5. Low ratio of higher education

Opportunities 1. Government support 2. Private endorsement and gift 3. High employment ratio 4. Online fulltime education system

Threats 1. Reduce subsidiary due high enrollent 2. Negative public perception

ALTERNATIVE COURSES OF ACTION

SO Strategy Build new building that can accommodate more students. O1, S3 ST Strategy Limited slot in every course. S6 T1 Advertisement. S1, S2, S4, T2 WO Strategy Develop residential and dining halls in Midtown and Hamilton Campus. W3, O1 WT Strategy Reduce cost such as instruction and departmental research and separately budgeted research. W4,T1,T2 Increase tuition W1, T1

SPACE MATRIX

PRODUCT DEVELOPMENT
add business courses in the University to increase revenues in the University To be morecompetitive *** This may result to an exceed of 16,000 enrolees, thus, reducing the its state subsidy to be granted by the government

INCREASE TUITION FEES

imposing higher rates to be able to cover their expenses and to have more funds for unforeseen

expenses.
****

higher tuition fee might cause the

decrease of number of students.

COST REDUCTIONS TO IMPROVE BUDGETING

There is an uncertainty for the university to be given grants or subsidy from the government since money is limited and also if they reach the quota of 16, 000 students enrolled in the university, the government will reduce/cut their subsidy to Miami University

COST REDUCTIONS TO IMPROVE BUDGETING

if they reduce their costs & expenses, there will be more funds for them to use. Effective budgeting

***

On the other hand is that there will be employee layoffs.

RECOMMENDATION
Third alternative which is to reduce costs to improve financial budgeting

pave way for the University to lessen the costs

of the school thus there will be more funds to be utilized by the school.

RECOMMENDATION
School to layoff professors Conserve as much as possible electricity especially in the dining halls and residences

ACTION PLAN
Review the budgeting spending and

projections and make sure that the actual

amounts of each account will not exceed the
budgeted amounts as much as possible.

ACTION PLAN
Review the proposed spending projections for
the school year. Make sure that the actual costs incurred are less than the budgeted amount in every expense account

ACTION PLAN
Retain only a PhD professors.
It may be feasible that they will only be 15-20% of full-time PhD professors and they will only teach in the graduate school and interdisciplinary, and the rest will be licensed teachers teaching the college undergrads.

small

percentage of