Strategy to overcome current and future challenges to realise expansion goals: new market development, market penetration, product development, and diversification.
As private HEIs explore ways to achieve greatness, the importance of having a solid growth strategy cannot be overlooked. With increasing volatility and intensifying competition, private HEIs need to make informed leap into a new territory and offer new academic programmes and services with confidence, knowing there’s demand not only right now but also 2/3/4 years down when students would start graduating from the new programmes.
We support HEIs with development of the Institutional Development Plan (IDP) that’s based on realistic forecasting and full awareness of how the HEI is performing today and what it needs to do to advance to the next step. Growth for an HEI can come in various forms such as branching out into new markets, expanding the current programmes and services, or acquiring a competitor.
With a clear growth strategy, senior leadership and employees can align their priorities and be held accountable for meeting milestones. It forms the basis for product innovation, human and non-human resources planning and acquisition, an infrastructure masterplan, digital transformation, and mitigation strategy for identified risks. The fresh and objective perspective from our experts who have worked alongside a wide range of HEIs, along every stage of growth, provides the information our clients need to thrive and to achieve greatness.