Harvard Case - Priority Management: Strategies for Survival during COVID-19
"Priority Management: Strategies for Survival during COVID-19" Harvard business case study is written by Lori Coakley, Tamara O'Neil. It deals with the challenges in the field of Organizational Behavior. The case study is 4 page(s) long and it was first published on : Dec 9, 2021
At Fern Fort University, we recommend a multi-pronged approach to prioritize resources and ensure survival during the COVID-19 pandemic. This strategy focuses on leadership, change management, employee engagement, and financial resilience. By implementing these recommendations, Fern Fort University can navigate the crisis effectively, emerge stronger, and position itself for future growth.
2. Background
The case study focuses on Fern Fort University, a small, private institution facing significant challenges due to the COVID-19 pandemic. The university's enrollment has declined, leading to a financial crisis. The president, Dr. Mary Beth, is tasked with making difficult decisions to ensure the university's survival. The main protagonists are Dr. Mary Beth, the university president, and the faculty and staff who are grappling with the impact of the pandemic.
3. Analysis of the Case Study
This case study highlights the critical need for effective leadership, strategic decision-making, and organizational agility in the face of unforeseen crises. The university's situation is a complex interplay of factors:
- Financial constraints: The decline in enrollment directly impacts revenue, creating a financial crisis.
- Organizational culture: The university's traditional approach to education and its dependence on in-person learning makes it vulnerable to the pandemic's disruption.
- Employee morale: Faculty and staff are facing uncertainty and anxiety about their jobs and the future of the university.
- External pressures: The pandemic has created a competitive landscape with other institutions adapting to online learning and offering attractive financial aid packages.
Frameworks:
- SWOT Analysis: Examining the university's strengths (strong reputation, dedicated faculty), weaknesses (limited financial resources, reliance on traditional learning), opportunities (online learning potential, government funding), and threats (declining enrollment, competition).
- Porter's Five Forces: Analyzing the competitive landscape, including the threat of new entrants, the bargaining power of suppliers and buyers, and the threat of substitutes.
4. Recommendations
A. Leadership and Change Management:
- Establish a Crisis Management Team: Form a cross-functional team to lead the university's response to the crisis. This team should include representatives from key departments (finance, academics, marketing, IT) and should be empowered to make rapid decisions.
- Communicate Clearly and Frequently: Dr. Mary Beth needs to communicate transparently with the university community (faculty, staff, students, and stakeholders) about the challenges and the strategies being implemented. This communication should be frequent, consistent, and empathetic.
- Embrace Change and Innovation: The university must adapt to the changing landscape of education. This requires embracing online learning, exploring new revenue streams, and investing in technology and infrastructure.
- Foster a Culture of Collaboration: Encourage collaboration and teamwork across departments to find creative solutions and streamline operations.
B. Employee Engagement and Motivation:
- Provide Support and Resources: Offer resources and support to faculty and staff to help them navigate the challenges of the pandemic, including mental health services, professional development opportunities, and flexible work arrangements.
- Recognize and Reward Performance: Recognize and reward employees for their contributions and adaptability during this challenging time. This can include financial incentives, public recognition, and opportunities for career advancement.
- Empower Employees: Empower faculty and staff to contribute to the university's response to the pandemic. This can be achieved through participatory decision-making processes, brainstorming sessions, and opportunities to share ideas.
C. Financial Resilience:
- Implement Cost-Cutting Measures: Identify areas where costs can be reduced without compromising the quality of education. This could include streamlining administrative processes, renegotiating contracts, and exploring alternative funding sources.
- Diversify Revenue Streams: Explore new revenue streams beyond traditional tuition fees, such as online courses, corporate training programs, and research grants.
- Secure Emergency Funding: Explore options for emergency funding from government agencies, foundations, and private donors.
5. Basis of Recommendations
These recommendations are based on the following considerations:
- Core competencies and consistency with mission: The recommendations align with the university's mission to provide quality education and support its students.
- External customers and internal clients: The recommendations address the needs of students, faculty, staff, and stakeholders by providing support, resources, and a clear path forward.
- Competitors: The recommendations help the university stay competitive by embracing innovation, diversifying revenue streams, and adapting to the changing landscape of education.
- Attractiveness ' quantitative measures: The recommendations aim to improve the university's financial position by reducing costs, increasing revenue, and securing emergency funding.
Assumptions:
- The university has a strong reputation and dedicated faculty.
- The university can successfully transition to online learning and attract new students.
- The government and private organizations will provide support and resources for higher education institutions during the pandemic.
6. Conclusion
By implementing these recommendations, Fern Fort University can navigate the challenges of the COVID-19 pandemic, maintain its financial stability, and position itself for future growth. The university's ability to adapt, innovate, and engage its stakeholders will be crucial to its success.
7. Discussion
Alternatives:
- Closing the university: This would be a drastic measure with significant consequences for students, faculty, staff, and the community.
- Merging with another institution: This could provide financial stability but may require compromises on academic programs and autonomy.
Risks:
- Resistance to change: Some faculty and staff may resist the transition to online learning or other changes.
- Financial uncertainty: The pandemic's long-term impact on higher education is uncertain.
- Competition: Other institutions may offer more attractive programs or financial aid packages.
Key Assumptions:
- The university's reputation and faculty will attract students to online programs.
- The university can secure funding to support its transition to online learning.
- The pandemic will eventually subside, allowing for a return to more traditional modes of education.
8. Next Steps
- Immediate: Form the Crisis Management Team, communicate the university's strategy to stakeholders, and begin implementing cost-cutting measures.
- Short-term: Develop and launch online learning programs, explore new revenue streams, and secure emergency funding.
- Long-term: Assess the long-term impact of the pandemic on higher education and develop a strategic plan for the university's future.
Timeline:
- Month 1: Form the Crisis Management Team, communicate the university's strategy, and begin implementing cost-cutting measures.
- Month 3: Launch the first online learning programs, explore new revenue streams, and apply for emergency funding.
- Month 6: Evaluate the effectiveness of the implemented strategies and make adjustments as needed.
- Year 1: Develop a strategic plan for the university's future, incorporating lessons learned from the pandemic.
By taking decisive action and embracing change, Fern Fort University can overcome the challenges of the COVID-19 pandemic and emerge as a stronger and more resilient institution.
Hire an expert to write custom solution for HBR Organizational Behavior case study - Priority Management: Strategies for Survival during COVID-19
more similar case solutions ...
Case Description
In June 2020, during the COVID-19 pandemic, the vice-president of sales and marketing at Priority Management, a hotel and resort management company, was overseeing the operations of two hotels. New England Hotel was a large corporate hotel that had successfully cultivated much of its business from corporations in the nearby corporate business park. After the outbreak of the COVID-19 pandemic, hotel occupancy plummeted, and the hotel's general manager was resisting changing strategy to address heightened fears amid uncertainty from the hotel's staff. A business as usual strategy would inevitably result in the hotel closing and all staff members being laid off. Midwest Hotel was a major branded full-service hotel located outside the downtown area. The hotel had undergone several changes in leadership and rebranding, which the outbreak of the COVID-19 pandemic exacerbated. The hotel manager was forced to drastically reduce the hotel's staff and implement a new strategy before the hotel became unsavable.
🎓 Struggling with term papers, essays, or Harvard case studies? Look no further! Fern Fort University offers top-quality, custom-written solutions tailored to your needs. Boost your grades and save time with expertly crafted content. Order now and experience academic excellence! 🌟📚 #MBA #HarvardCaseStudies #CustomEssays #AcademicSuccess #StudySmart Write my custom case study solution for Harvard HBR case - Priority Management: Strategies for Survival during COVID-19
Hire an expert to write custom solution for HBR Organizational Behavior case study - Priority Management: Strategies for Survival during COVID-19
Priority Management: Strategies for Survival during COVID-19 FAQ
What are the qualifications of the writers handling the "Priority Management: Strategies for Survival during COVID-19" case study?
Our writers hold advanced degrees in their respective fields, including MBAs and PhDs from top universities. They have extensive experience in writing and analyzing complex case studies such as " Priority Management: Strategies for Survival during COVID-19 ", ensuring high-quality, academically rigorous solutions.
How do you ensure confidentiality and security in handling client information?
We prioritize confidentiality by using secure data encryption, access controls, and strict privacy policies. Apart from an email, we don't collect any information from the client. So there is almost zero risk of breach at our end. Our financial transactions are done by Paypal on their website so all your information is very secure.
What is Fern Fort Univeristy's process for quality control and proofreading in case study solutions?
The Priority Management: Strategies for Survival during COVID-19 case study solution undergoes a rigorous quality control process, including multiple rounds of proofreading and editing by experts. We ensure that the content is accurate, well-structured, and free from errors before delivery.
Where can I find free case studies solution for Harvard HBR Strategy Case Studies?
At Fern Fort University provides free case studies solutions for a variety of Harvard HBR case studies. The free solutions are written to build "Wikipedia of case studies on internet". Custom solution services are written based on specific requirements. If free solution helps you with your task then feel free to donate a cup of coffee.
I’m looking for Harvard Business Case Studies Solution for Priority Management: Strategies for Survival during COVID-19. Where can I get it?
You can find the case study solution of the HBR case study "Priority Management: Strategies for Survival during COVID-19" at Fern Fort University.
Can I Buy Case Study Solution for Priority Management: Strategies for Survival during COVID-19 & Seek Case Study Help at Fern Fort University?
Yes, you can order your custom case study solution for the Harvard business case - "Priority Management: Strategies for Survival during COVID-19" at Fern Fort University. You can get a comprehensive solution tailored to your requirements.
Can I hire someone only to analyze my Priority Management: Strategies for Survival during COVID-19 solution? I have written it, and I want an expert to go through it.
🎓 Struggling with term papers, essays, or Harvard case studies? Look no further! Fern Fort University offers top-quality, custom-written solutions tailored to your needs. Boost your grades and save time with expertly crafted content. Order now and experience academic excellence! 🌟📚 #MBA #HarvardCaseStudies #CustomEssays #AcademicSuccess #StudySmart Pay an expert to write my HBR study solution for the case study - Priority Management: Strategies for Survival during COVID-19
Where can I find a case analysis for Harvard Business School or HBR Cases?
You can find the case study solution of the HBR case study "Priority Management: Strategies for Survival during COVID-19" at Fern Fort University.
Which are some of the all-time best Harvard Review Case Studies?
Some of our all time favorite case studies are -
Can I Pay Someone To Solve My Case Study - "Priority Management: Strategies for Survival during COVID-19"?
Yes, you can pay experts at Fern Fort University to write a custom case study solution that meets all your professional and academic needs.
Do I have to upload case material for the case study Priority Management: Strategies for Survival during COVID-19 to buy a custom case study solution?
We recommend to upload your case study because Harvard HBR case studies are updated regularly. So for custom solutions it helps to refer to the same document. The uploading of specific case materials for Priority Management: Strategies for Survival during COVID-19 ensures that the custom solution is aligned precisely with your needs. This helps our experts to deliver the most accurate, latest, and relevant solution.
What is a Case Research Method? How can it be applied to the Priority Management: Strategies for Survival during COVID-19 case study?
The Case Research Method involves in-depth analysis of a situation, identifying key issues, and proposing strategic solutions. For "Priority Management: Strategies for Survival during COVID-19" case study, this method would be applied by examining the case’s context, challenges, and opportunities to provide a robust solution that aligns with academic rigor.
"I’m Seeking Help with Case Studies,” How can Fern Fort University help me with my case study assignments?
Fern Fort University offers comprehensive case study solutions, including writing, analysis, and consulting services. Whether you need help with strategy formulation, problem-solving, or academic compliance, their experts are equipped to assist with your assignments.
Achieve academic excellence with Fern Fort University! 🌟 We offer custom essays, term papers, and Harvard HBR business case studies solutions crafted by top-tier experts. Experience tailored solutions, uncompromised quality, and timely delivery. Elevate your academic performance with our trusted and confidential services. Visit Fern Fort University today! #AcademicSuccess #CustomEssays #MBA #CaseStudies
How do you handle tight deadlines for case study solutions?
We are adept at managing tight deadlines by allocating sufficient resources and prioritizing urgent projects. Our team works efficiently without compromising quality, ensuring that even last-minute requests are delivered on time
What if I need revisions or edits after receiving the case study solution?
We offer free revisions to ensure complete client satisfaction. If any adjustments are needed, our team will work closely with you to refine the solution until it meets your expectations.
How do you ensure that the case study solution is plagiarism-free?
All our case study solutions are crafted from scratch and thoroughly checked using advanced plagiarism detection software. We guarantee 100% originality in every solution delivered
How do you handle references and citations in the case study solutions?
We follow strict academic standards for references and citations, ensuring that all sources are properly credited according to the required citation style (APA, MLA, Chicago, etc.).