Analysis and Evaluation of James Cook University Data
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This report conducts an analysis and evaluation of James Cook University data using SWOT analysis. It identifies, analyzes, and evaluates the use of business data and the level of analytics applied within the university. The report also provides recommendations based on the SWOT analysis.
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Analysis and evaluation of James Cook University data
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Contents INTRODUCTION.......................................................................................................................................3 MAIN BODY..............................................................................................................................................3 Identify, analyze and evaluate the use of business data and level of analytics applies within business.. .3 Conduct SWOT analysis to summaries strengths, weakness, opportunities and threats..........................4 Provide recommendation on the basis of SWOT analysis.......................................................................5 CONCLUSION...........................................................................................................................................6 REFRENCES..................................................................................................................................................7
INTRODUCTION For every company it is essential to conduct analysis of internal environment because through it they can develop proper strategies and action plan. For this analysis an organization can adopt different theories and model such as SWOT analysis (De Knop and Meunier, 2015). Organization selected for this report is James Cook University which is a public university established in year 1961. Respective university is operating at different locations such as Singapore, Australia, Thursday Island, Queensland and many more. The aim of conducting this report is conduct micro environment analysis of university by using SWOT analysis. MAIN BODY Identify, analyze and evaluate the use of business data and level of analytics applies within business. James Cook University is one of the leading research and teaching university which addresses critical challenges or issues facing by society. It is multi campus and Vibrant University that enrolled nearby 18000 students, from which 5000 are international students which are from more than 100 countries. There are more than 300 programs or courses are availableattheJamesCooksUniversityforinternationalstudents.AccordingtoWorld University ranking James Cook University is at number 377 as well as in respect of ranking given by WUR Subject ranking university is ranked between 51 to 100 (James Cooks University, 2020). James Cook University is offering their educational services or facilities at the different locations such as Brisbane, Townsville, Cairns, Singapore, Mackay, Mount Isa and many more. The respective university has huge market value and goodwill at the marketplace which helps them in attract huge numbers of students, professionals and researcher from international level. Along with this they offer wide range of courses which include different subjects of Arts and social science, Biomedical science, Business, Law, Scholarship and funding and many more. James Cooks University has approx 124 research partners at the global level as well as research of university has been considered or acknowledged as best or world class (He and et. al., 2017). There are several competitors of James Cooks University due to which this university need to
develop new strategies and plans so that they can gain competitive advantage such as University of Tasmania, Griffith University, Murdoch University and many other universities. Conduct SWOT analysis to summaries strengths, weakness, opportunities and threats StrengthsWeaknesses Market Value:Respective University hashighmarketvalueduetotheir education services (Horigue and et. al., 2016). Through this they able to attract more and more audiences towards their campuswhichincreasetheir profitability ratio. Courses:James Cooks University offer wide range of courses which them they inattracthugenumberofstudents towardstheircampus.Throughthis they also able to increase their market value. Famousforfieldofresearch: RespectiveUniversityofferseveral researchfieldssuchasbiodiversity, tropicalsystem,tourismand engineering,tropicalhealthcareand many more. Rank:JamesCookUniversityis consideredasoneofthebest educationalinstitutedwhichoffer numbers of courses (Niyibizi, 2015). According to World University ranking respective university is at 377 numbers. Course Fee:James Cook University offer huge numbers of courses but their fee structure are comparativelyhigh. Due to this all students or parents are not able to afford it. This will directly or indirectly impact on their business. Strikeshappeninuniversity:At respective university strikes happen due to several issues which impact on the study of students as well as it will also impactongoodwillofuniversity (Nancy and et. al., 2016). OpportunitiesThreats ExpandbusinessatdifferentCompetitors:Therearenumbersof
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location:James Cooks University can expandtheirbusinessatthe international.Thisissobecause through it they able to increase their numbers of students which is beneficial fortheirbusinessaswellas profitability ratio. Introducenewservices:Respective University can introduce services like typeprovideinternshipwithinthe campus.Throughthistheirmarket value gets increase along with goodwill (Phillips and et. al., 2016). Along with this they can also conduct new courses relatedtoCSR(Corporatesocial responsibilities) activities. competitors of James Cooks University which directly impact on their business. For example- University of Tasmania, GriffithUniversity,Murdoch University,UniversityofNewcastle and many more (Pertiwi, Hariyati and Anisah, 2018). Changeincourse:Inorderto restructureeducationsystem governmentintroducenewrulesand regulation.Duetothisrespective University management need to update their whole system accordingly which impacton theiruniversitywork and practices. Provide recommendation on the basis of SWOT analysis By analyzing SWOT analysis of James Cook University, it can be determined that through this a person, university or company can determine their strengths which help them in grabbing opportunities. Along with this, it will also help them in determining weakness which may lead to threat, through this analysis companies or university or individual can develop effective strategies and action plan (Stephenso, 2016). By understanding the situation or case of James Cooks University there are some recommendation which help them in increasing their business at the international level as well as it will also enhance their goodwill and market value. Respective university can expand their campus in more location because through it they can reach to those audiences who want to study in their college but not leave their nation due to some reason. In addition to this they can also offer scholarship programmes to needy students so that they can complete their study as well as they can also introduce internship programmes at the college campus. Furthermore they can also come up with new educational facilities for students so that they can gain competitive advantage at the marketplace.
CONCLUSION By analyzing above discussed point it can be determined that for every company or university it is essential to conduct market and internal analysis because through that they can develop effective strategies. There are several models or theories which can be used for analysis such as SWOT analysis. This is so because through SWOT analysis firm able to determine their strengths by which they can grab opportunities in effective as well as successful manner. Along with this, by respective analysis firm also able to determine its weakness then according they can develop strategies for avoiding threat which may impact on business operations and functions.
REFRENCES Books and journals De Knop, S. and Meunier, F. (2015). The ‘Learner Corpus Research, Cognitive Linguistics and SecondLanguageAcquisition’nexus:aSWOTanalysis.CorpusLinguisticsand Linguistic Theory.11(1). pp.1-18. He, Y. and et. al. (2017). Effect of Multivariate Factors on the Complication of Infection in LushanEarthquakeVictims:ARetrospectiveAnalysis.PrehospitalandDisaster Medicine.32(S1). pp.S38-S39. Horigue, V. and et. al. (2016). Influence of governance context on the management performance of marine protected area networks.Coastal Management.44(1). pp.71-91. Nancy, G. and et. al. (2016). Tourism and Community Well-Being: An Applied Approach. Niyibizi, A. (2015). SWOT Analysis for Renewable Energy in Africa.Renewable Energy L. & Pol'y Rev..6.p.276. Pertiwi, B., Hariyati, R. T. S. and Anisah, S. (2018). SWOT Analysis of Nursing Clinic ProfessionalCareerLadderSystem(SJKP2K)inMilitaryHospital Jakarta.International Journal of Nursing and Health Services (IJNHS).1(1). pp.60-67. Phillips, J. A. and et. al. (2016). Ulva sapora sp. nov., an abundant tubular species of Ulva (Ulvales) from the tropical Pacific Ocean.Phycologia.55(1). pp.55-64. Stephenson, N. W. (2016).Service-learning in design education(Doctoral dissertation, James Cook University). Online JamesCooksUniversity.2020.[Online].Availablethrough:< https://www.topuniversities.com/universities/james-cook-university>.