Florida Dade College : A Government Funded Educational Institution

874 WordsJun 11, 20154 Pages
Miami Dade College is a government funded educational institution that started more than 50 years ago as a community college, with only one campus, and has grown to eight campuses, offering associates, bachelors degrees, and professional certificates. Porter’s Five Forces Threat of New Entrants According to the Florida Department of Education, colleges are the first option for 65% of high school graduates to access higher education, and 82% of minority students attend one of Florida’s 28 colleges. Today, MDC doesn’t face an imminent threat of new entrants. One of the main reasons is that, through the years, the college has developed brand recognition. Another one is that it has a cost advantage. No accredited higher education institution charges what the college does for an Associate or Bachelor’s degree. Also, the college open-door policy is designed to help students, who need remediation, to get the skills needed for college level classes. In addition, many adult students enroll in classes for professional development, or to prepare for a new career. Furthermore, many of them are the first in their families to attend college. Nevertheless, the Honors and Early College/Dual Enrollment Programs attract some of the best and brightest minds. Finally, the college just adds more areas of study to its already extensive programs, which increases its economies of scale. Supplier Power Faculties have a low supplier power. If a faculty has fewer high paying alternatives outside

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