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The report lays the main emphasis on the given topic “Analyse the impact of the establishment of the new university in the large city” with the focus on the use of analysis and recommended ways for maximization of the benefits and how the challenges can be minimized by establishing the university. The name of the university is ‘Horizon School of Management for the students who want to take part in the MBA course. The university will allow all the programs MBA with the major activities that are included in the same course and providing with the best faculties worldwide. The college will be located in Manchester with an estimated population of 2,730,076 individuals.
The major stakeholders involved in the creation of the university include the donors, alumni, students, other providers and institutions, suppliers and vendors, accrediting agencies, non-government organizations, academic faculty, taxpayers, and government, both collectively and individually the disciplinary groups and the organizational members which advocacy bodies and unions. The most important stakeholders of the university are the students, the quality of the academic study, and staff programs are also important elements in ensuring effective education (Olander 2007).
The report aims the analysis the impact of the establishment of the new university and how the city people will be benefitted through the same and what are the major essentials should be taken into consideration for the students coming from different cities. The report will aim at the discussion of the relevant issues that include the healthcare provider including the major emphasis on the mental health for the student body. The report will also aim the discuss the economic impacts, environmental impacts, and social impacts that are included in the establishment of the new university in the large city.
The report enlightens the main focus on the topic “Analysis of the impact on the establishment of the new university in the large city” which highlighted the focus on the recommendations and analysis for minimizing the challenge and maximizing the benefits. The report included the focus on gaining the attention of the establishment of the university named “Horizon School of Management” for the students who want to have their degree in business and management courses. The university will be providing diverse courses in the program and will also effective management of the students by offering the best jobs for them. The report mainly focused on gaining the management consistencies with the focus on the analysis based on the environmental, economic, and social impact that have the major concerns while the establishment of the university in the positive and negative manner. The report laid the main emphasis on how the challenges can be minimized and benefits can be maximized.
The economic impacts are the impact analysis which focuses on the examination of the effect of the event on the economy in the specific area and location. The following lays the major emphasis on the students of the Business degree program which includes the major issues that should be taken into consideration-
Job creation- the establishment of the new university will help in the creation of job opportunities for the students as well as the offices which are located in the city of Manchester. Job creation is considered as the process that includes the job numbers in the organization, area, and many more are increased. By the establishment of the new university, there will be main students who will be studying the business management and MBA course and through the following courses, the students will be benefitted through the various skills which will help them in finding the best job in the future. The following will help the universities as well, which will help them in tying up with the large organization for the placement opportunities for their students. Job creation will benefit the students and the university as a whole and will have major benefits in the city as well which will help in increasing the no. of jobs and also the people can get employment according to their skills (Dadashpoor et al 2019).
Costs involved in the project- the cost involved in the project that includes the new building can cost $20M which majorly depends on the prices of the real estate. The next cost includes the focus on the research and the teaching-intensive which also includes the offerings of the education. The major cost involved in the establishment of the new university includes the inventory systems and the operations which will be held for the proper development of the university.
Opportunities for the generation of revenue- the major opportunities for generating revenue include the emphasis on the determination of the goals, focusing on the education system and clients, adding the complementary products and services, focusing on the pricing strategy, and offering discounts on the fees which will help in generating of revenue to the university. The major includes the focus on placement opportunities and tie-up with the major organizations who can hold the major positions from their own university as this will have the major benefit to the university. The following will help effective opportunities for the revenue and will also create room for management and leadership gains (Ferraris et al 2018).
The environmental impact is referred to as the change to an environment, which include adverse and beneficial, that mainly results from the facility’s services, products, and activities. The following are the major issues that may be witnessed by the establishment of the new university includes-
Impacts on the city’s carbon footprint- the major factors which are involved in the rise of the carbon footprint include energy consumption, foreign direct investment, technology progress, urbanization, industrialization, and economic growth. Due to the establishment of the new university, there will be the creation of a carbon footprint which have an impact on the city as this will affect the overall population also (Dadashpoor et al 2019).
Opportunities for sustainable building and design- the benefits and the opportunities that are included in sustainable design and building include optimizing the site potential, minimizing the energy consumption which is non-renewable, using environment-friendly products, conserving and protecting water, enhancing the environmental quality of the indoor, and optimization of the maintenance and operational practices. The universities focusing on sustainability practices include that there should be a major focus on saving energy, going paperless, donating unused items, using alternatives that are reusable, and saving energy. These are the major concerns that should be given the major focus as they will help in managing the overall production and also maintaining sustainability which will be best for the city and the university as a whole.
The environmental impacts of the construction work which is needed- the major environmental impact on the construction that is needed includes the air pollution which is 20%, drinking water pollution 40%, and landfill waste 50%. The environmental impacts on the project include legal, political, sociological, physical, financial, technological, cultural, and institutional (Bahadorestani et al 2020). The construction work has a major impact on the environment as when the buildings are been made, the waste generated from them is very huge which creates a major impact on the environment of the city and also not focusing on the carbon footprints which may be caused due to the same. These are the major environmental impacts that are being witnessed when there is the establishment of the new university and this includes that they should be given the major consideration for improving the overall functions (Glaeser et al 2018).
The social impacts are mainly referred to as new effect activity of the community and activity with the major well-being of the families and individuals. The following are the social impact that should be taken into consideration–
Changes to the demographic of the area- the change in the demographics of the area include that there should be a major focus on gaining how the change is essential. The demographic change includes the change in the population which mainly includes that the city has the major population and this will majorly impact the working of the university in a positive manner. This includes that the change in the area has a major impact on the working and due to the same the working will be effective and there will be a major focus on the development of the overall impact. The following will have a major impact on the social perspectives and will also lead to following the majors which should be given major attention (Liang et al 2019).
Increased education opportunities- there is a major increase in the educational opportunities and this includes that there should be a major focus on improving the overall universities attention. This includes that there should be an increase in the opportunities of the eduction and this will lead to an increase in the working population and this include following the size and the composition. There should be a major focus on the education opportunities and this will lead to an increase in the overall management purpose attention. This includes that there should be a major emphasis on following the overall criteria and gaining the management consistencies. There should be a proper focus on following the leadership behavior and the opportunities for education and increase in the working population (Van Barneveld et al 2020).
Issues that are related to health and safety and crime- the issues which are related to safety and health include the concerns of the students and how they should be given major consideration. This includes that there should be a major focus on knowing what are the guidelines which should be followed by the students and how this will have an impact on the establishment of the university. This includes that there should be a major focus on gaining the environmental and the social impact as socially the people are being impacted by the same. This includes that due to the issues that are involved in the safety and health include following the essentials that should be major put into the consideration (Balland et al 2020).
In a nutshell, the report concludes that there should be a major emphasis on following the analysis of the impact of establishing the new university. The analysis includes a focus on the economic impact, environmental impact, and social impact. This includes that there should be a major focus on gaining the essential impacts which should be taken into consideration and also including the effective impact that will help in increasing the overall benefits of establishing the new university in the large city. The report concludes that there is a major impact on the establishment of the new university which includes the major emphasis on the economic, social, and environmental impact. The following impacts play a major role in increasing the overall organizational purpose and this has a major impact on the decision making including the stakeholders of the university who are involved. The university has major advantages also which will help in the mitigation of the risk and disadvantages that are witnessed with the establishment of the new university.
The following are the recommendations that should be taken into consideration for improving the analysis and mitigation of the challenges which are witnessed in the section of analysis including–
Increasing the vocational and technical training- according to Li et al (2019), there should be a major focus on increasing the technical and vocational training of the students as this will help in reducing the impact on the economic environment. The following will help in the creation of more and more jobs which will help in effective focus towards improving the managing director and also gaining the effective management competencies which should be taken into consideration for the working of the university in a more established way. This will help in improving the economic concerns and will also benefit the overall working population of the city.
Perpetuating the culture of learning- this includes the major emphasis on the learning of the culture which will help in reducing the social impact that is caused due to the establishment of the university. This includes that there should be a major focus on gaining the management consistencies also and this will help in the overall generation of the learning that will help in effective management and operations.
Educating about the environmental concerns- the following include the focus on the environmental concerns which will be helpful for the organization and this includes that education about the environment is a major purpose which should be given the effective importance. When people are aware of the environmental factors it will help in increasing the overall effectiveness of the environment and will also give the effective analysis of how things can be improved in the future (Zhang et al 2018).
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