Big Competition in Higher Education

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The competitive nature of the current higher education environment paired with the constant evolution and turbulence has forced institutions to look to new ways to deliver value to satisfy the buyer’s needs. With over 4,600 degree granting colleges and universities in the United States alone, the domestic and global competition level rival or surpass most other markets. Regardless of industry, failure to perform activities differently than your competition will result in a collapse. The ability to deliver unique, differentiated value is essential to surviving in competitive markets. As competition grows, higher education decision makers are forced to fit a niche market, market to a universal market while still using value differentiation methods or look to different revenue sources to maintain sustainability.

Colleges and universities provide both residential and online facilities for groups of selected students while community colleges provide inventive approaches to provide an education to the underprepared or underprivileged populations. Institutions of higher education both domestically and abroad have three universal key missions including research, teaching and service. Institutions that emphasize research have yielded unparalleled advancements in every field including science, medicine, engineering, etc. which have both served the greater good and brought global acclaim and praise to individual institutions. These monumental breakthroughs have been the mortar laying the foundation for research-centered institutions around the world with research being one of the fundamental values and purposes of higher education. While many distinguished four-year institutions have centered their focus on research, others have emphasize...

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... country. Both have maintained academic integrity while also providing an unparalleled integrated educational experience. The retention rate for first year students at TCNJ is among the highest in the country at 94%, well above the 82.1% average in New Jersey schools. Penn State boasts a retention rate of 91%, again exceeding the state average of 80.8%. This retention rate is a direct measure of the satisfaction of students needs and is an accurate representation of institutional success. Institutional effectiveness can also be measured in the percentage of graduates offered full time employment within 6 months. The College of New Jersey’s employment rate of 94% is among the highest in the country and is a distinctive value source for prospective students. Penn State features an 83% graduation rate, which while lower than TCNJ is still above the national average.

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