The Five Force Strategy is used to refer to buyers, suppliers, substitutes, potential new entrants, and the competition with the industry. Higher institutions of education must have a strategy to compete and remain relevant in the realm of the industry. With technology evolving, more and more institutions are in operations. Talladega College has noticed the trend and seem to acknowledge the competition. They have worked to provide their students with competitive advantages and strategies for success. Potential new entrants is always a good starting point to analyze, within higher levels of education. Every year high school seniors decide and submit their selections of college to attend. Universities and colleges have new opportunities every year to recruit new students. Talladega College provides new recruits with unlimited resources. They offer scholarships, financial aid, and alternative means for financing college. They are lenient than most with financial arrangements. Within the last years, the college has also expanded student …show more content…
This is another application of strategy to be applied. There are many institutions that offer the same or similar courses of study. Colleges and universities must build a strategy that separates them from the competition and gives them a competitive advantage. Talladega College is a historically black college. This is often seen as an exclusive and appealing nature for some. However, the college is filled with a mix of races and cultures. Because the college is located in a small town, it offers the familiarity of home and comfort for some. For others, it boasts of a calmer and more relaxed escape from a bigger city. Class sizes are not as large as some larger institutions. Each student is sure to meet and interact with professors throughout the course. If assistance is needed, there are more than a few staff members that are willing to point you in the right