Narxoz Student Research-2021
competitors are diffi
cult to emulate and do not come fi rst. According
to the concept of the third mission of the university, higher education
institutions should demonstrate social involvement.
2. Financial decisions. An educational institution must set a fair
competitive price for its educational products and services. In theory,
the easiest way to beat the competition is to off er a more aff ordable
price to the target audience. This requires a thorough analysis of
competitors’ prices. A price dumping is sometimes practiced in HE,
when a university reduces the cost of an educational program. However,
such a decision has a risk: a program with a reduced cost may arouse
suspicion in the quality of the educational services provided. Thus, the
best fi nancial strategy is not always about price reduction (the risk to
not to pay off is great). The consumer market is segmented into diff erent
solvent levels, the university should know which group is its target
audience.
3. Marketing and academic solutions. This way is about creating
a customer-oriented product, considering the capabilities of the
institution. The proposed service or product must meet the needs of the
target audience. This requires feedback from customers, and decisions
should be made based on feedback and relevant opinions. If the
university does not solve the critical issues of the target audience, then
you should not expect an increase in competitiveness. It is important to
focus all possible eff orts on solving the problems of the target audience,
and not just try to sell them your products or services created without
their participation. For a long period of time, universities have been
criticized for the obsolescence of the knowledge taught, for excessive
theorizing and lack of connection with the real practical world. This
creates a demand for dual training, for more real and close ties with the
labor market and with employers.
4. Marketing solutions. All human history is built on a narrative, it is
part of human nature and a natural need. Today, this is called storytelling,
which is a powerful tool for delivering a message or knowledge.
The considered way to strengthen competitiveness: determining a
niche in the educational market using positioning, specialization and
storytelling. The more accurately a niche is defi ned in the market, the
fewer competitors the institution has. A small private university is
more diffi
cult to prove the right to exist than larger national and state
institutions, for which the scale speaks.
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