The goal of this study is to find the direction in achieving the competitive advantage of universities and colleges. To do this we can apply the business experience to colleges. Especially the study of strategic management and the critical success fac...
The goal of this study is to find the direction in achieving the competitive advantage of universities and colleges. To do this we can apply the business experience to colleges. Especially the study of strategic management and the critical success factors of visionary companies are important constructs to do this study.
Three steps are used for this purpose:
First, through previous study of visionary companies seven success factors were found by James C. Collins and Jerry I. Porras. And we can apply these success factors to college situations. Second, through theoretical study of the strategic management, we can find some implications to visionary company study and college situations. In this process, the focus is on the resource-based view.
According to the theory of strategic management and visionary company study. we can make the framework to do this study. Third, applying management strategy to colleges. we can make use of management strategy as the change strategy that helps colleges to achieve competitive advantage.
Applying the approach of strategy to college situations if we approach "college evaluation" proactively. we can gain useful informations to achieve the competitive advantage. Both self-evaluation and the evaluation by outside organizations should be accepted as a tool to grasp internal strength and weakness of the college. Especially if the result of the evaluation can be used proactively not reactively. the core competence of each other's college can be extracted.
Seven success factors of visionary companies are very simple, but it is very hard work to achieve both immediate high goals and investment for the future. Visionary companies didn't choose the immediate success or the honorable future. They tried to gain both the present success and the future admiration. In case of college situations, two extreme factors are requisites for continuous competitive advantage. Two factors are the high quality in the present evaluation and the continuous investment for the future.