University of Colorado Research Paper Example | Topics and Well Written Essays - 3000 words

University of Colorado - Research Paper Example The notion of the university is the targeted elevation of academic standards and reaching the heights of one of the comprehensive public universities of the modern world and also striving for serving the people of Colorado with their engagement with the world of excellence delivered through its teaching, research creative work and continual flow of services (About CU-Boulder, n.d.). The university with its prime agenda on the development of the academic scenario has implemented several strategy implications among which the voucher system is one of the noteworthy issues. In 2004, the university passed a legislation which introduced the nation’s first voucher-based approach for the purpose of financing the higher education. It was introduced in the name of College Opportunity Fund (COF). The strategy formulation of the policy and the implications of the same came through the hands of the educational leaders which altered the traditional approach of subsidizing the public higher education scenario through the direct expropriation with a combination of vouchers and â€Å"procurement contracts† for educational services. ... rishing academically and also a drive to make the educational institutions become more entrepreneurial in nature and throttle those institutions into a market driven paradigm (Prescott, 2010). The purpose of the paper is to analyze the role of several players or agents in the effective management of the voucher system which includes the macroeconomic factors like political system, structural system, human resource management and on the microeconomic factors including the Planning, organization, staffing policies, focus and the control mechanism in order to develop an insight which will provide us with the conclusion that to what extent this system has been successful in the enriching the educational set up and the enrolment of the students from the lower stratum of the society. Critical analysis will be exercised discussing the strength, weaknesses, opportunities and threats encountered by the organization through the introduction of the system. Finally recommendations will be discus sed with new improved strategies for attaining more development in the academic platform and also of restructuring strategies if necessary. The paper will highlight on the development process of the Colorado College Opportunity Fund (COF) to evaluating its performance and suggesting recommendations for the future optimistic performance of the plan. II. Investigative Analysis The system of educational voucher system is generally an education finance system where the students are provided with tuition certificates that can be used for attaining the private or the public schools. There are varied forms of vouchers that can be paid by the government or other private corporation funds. Each of the funds can be used for addressing the needs of varied students and understanding their distinct