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Trends Essay

2126 words - 9 pages

Introduction:
Harrison College is a family owned, proprietary educational institution headquartered in Indianapolis, with a total of 13 campuses, a culinary school, and an online division. Started in 1902, Harrison College has grown from a small business school to a four-year college offering degrees from the Schools of Business, Health Sciences, Information Technology, Veterinary Technology, and Criminal Justice (Harrison College, 2010). Beginning in 1986, the vision for Harrison College changed to that of an organization dedicated to “family, faith, health, and job.” This vision allowed the school to prosper and realize a rate of growth not seen in the previous 84 years (Harrison College, 2010). Complementing this vision is the Mission Statement of Harrison College, (Appendix A), and its Values Statement (Appendix B). For the past three years, employees of Harrison College voted it one of the “Best Places to Work in Indiana” (Indiana Chamber of Commerce, 2010).
Beginning in 1999, Harrison College introduced a program, Investment in Excellence, to insure all employees stayed focused on the organization’s mission, goals, and strategic objectives (Konesco, 2011). Through this program, management made strategic planning an inclusive process, with employees at all levels of the organization having input into the college’s strategic planning process. This brings cross-functional information and cooperation to the entire progression as well as an in-depth understanding of the business and trends affecting sustainability and future progress.
At the same time, the Executive Committee comprised of the president, vice presidents, and directors, commissioned a yearly macroenvironment survey concentrating on the market for proprietary education. This data, coupled with input from each college’s advisory board, provide significant trends shaping the future economic, social, technological, governmental and environmental factors involved maintaining sustainability for the school.
Demographics:
The most current data (2009) from the US Department of Labor, Bureau of Labor Statistics, shows the employment status of the civilian noninstitutional population in Indiana to be over 19 % for people in the 16 – 24 year age category (Bureau of Labor Statistics, 2011). Harrison College targets this category as their traditional student. Females 34 – 45 years of age show an unemployment rate of over 9 % for this same period. This is the non-traditional student population Harrison traditionally targets. Both these categories have been trending upwards over the past years, particularly since the economic turmoil of 2007, when the former category was below 12 % and the latter at less than 3 % (Bureau of Labor Statistics, 2011). The Futurist confirms this trend and amplifies it by stating, “a substantial portion of the labor market will be in job retraining programs at any moment” (Cetron, 2008).
This increase in unemployment has brought a large influx...

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