This document provides a SWOT analysis and external situation analysis of DMU's distance learning marketplace. It discusses the strengths, weaknesses, opportunities, and threats of the marketplace, as well as the critical success factors and key performance indicators. The document also includes a bibliography of relevant sources.
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Running head: BUSINESS MODEL ANALYSIS Business Model Analysis Name of the Student: Name of the University:
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1BUSINESS MODEL ANALYSIS SWOT diagram for DMU’s distance learning marketplace Strengths:The major strength of DMU’s distance learning marketplace is that it is easier to access from anyplace and at any time. The end users can do their learning process at anyplace with convenient of time and there is no restriction of time. Distance learning marketplace in higher education is molded by means of flexibility and agility. Distance learning provides with widespread customization of educational chances that avail the requirements of students (Smith 2016). It provides access to the higher education of all streams and fulfills objectives of higher educational system. Weaknesses: In DMU’s distance learning, there is absence of tutors that provides effects on academic achievement and personal development among the students. There is lack of relationship and there is no direct communication among students and tutors. It has less development of technology which helps the students to interact with each other’s. The students do not get training which helps them to develop their academic skills (Goelet al. 2019). Distance learning is incompatible for the practical courses into higher learning. Opportunities:It improves learning capabilities with educational opportunities. The studentswithinternetfacilitiescanaccesstotrainingmaterials,digitallibraryand conferences. It can provide updated information related to the course work. It is a new opportunity as it helps students with online education. Universities are limited to number of seats, therefore distance learning offers opportunities to higher education students. Threats:In case of distance learning, availability of the computers and related technology is mandatory, which increases the cost of education (Yao and Meng 2018). The students has lack of computer and technical knowledge for applying the courses and accessing the course materials. There is also security as well as authorization issues if any third party can access to the papers.
2BUSINESS MODEL ANALYSIS Figure 1: SWOT analysis of DMU’s distance learning marketplace (Source: Goel et al. 2019, pp-591) External situation analysis for DMU’s distance learning marketplace The critical success factors of distance learning marketplace are expanding access to the education for meeting with the training needs. It alleviates the capacity of the constraints. There are surge of number of students which the current university facilities are not accommodating anymore. Some of them are leveraging scalability of the online education. It capitalizes on the emerging markets opportunities (Cole 2016). The distance learning is technological advancement reshapes not only the society but the success factors in the online delivery are technology such as ease of access as well as navigation, interface design along with level of education. The attitudes of tutors towards the students and technical competence are other factors. Threats of uniqueness Higher maintenance cost Lack of technical knowledge and computer knowledge Enrollment of students in higher education Time saving and cost effective for the students Access to the internet and digital technology Absence of the tutors Unsupportive information Unable to do the practical courses Independence to access the learning materials Enhance the individuals Exploreb to the standard of education StrengthsWeaknesses ThreatsOpportunities
3BUSINESS MODEL ANALYSIS The key performance indicators are measuring the satisfaction level of the students and how they are involved in the study. It is resulted to help as well as support the educational decisions plus performance analysis of the distance learning marketplace. The students can easily access to the course materials which help in learning for the educational purposes. The students are not required to attend the classes (Smith 2016). Therefore, distance learning becomes helpful for the students.
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4BUSINESS MODEL ANALYSIS Bibliography Cole,J.Y.,2016.UniversallyDesignedVirtualClassrooms:MakingOnlineLearning Accessible to all Students. Goel, S., Sabitha, A.S., Choudhury, T. and Mehta, I.S., 2019. Analytical Analysis of Learners’ Dropout Rate with Data Mining Techniques. InEmerging Trends in Expert Applications and Security(pp. 583-592). Springer, Singapore. Smith, M.L., 2016. Distance Learning on the Internet: A Situational Analysis. Yao, J. and Meng, Y., 2018, July. Research on SWOT Analysis and Strategy of Education Live Broadcasting. In4th International Conference on Arts, Design and Contemporary Education (ICADCE 2018). Atlantis Press.