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Program Portfolio Strategy

Program Portfolio Strategy

Program Portfolio Strategy
Finding the right blend of programs, modalities, and degree and non-degree offerings is imperative to staying ahead of changes in student and employer demand. Kennedy & Company partners with institutional leadership and faculty to identify the right program mix and where the best new opportunities for programs may lie. Our analysis considers where the competition hasn’t already created high barriers to entry and where the institution itself has interest, capacity, and capability for different offerings. We work with institutions looking to offer new majors, to expand their offerings to new campuses, and to take existing programs and reformat them for new modalities. Beyond this, we explore helping schools expand their mission into workforce development, non-degree credentials, education-as-a-benefit partnerships, and course-sharing consortiums.

OUR APPROACH:

At Kennedy & Company, our consultants perform thorough market research to determine our client’s current market position and identify the competition. In addition to our broad market and competitive research capabilities, we provide primary research including surveys, focus groups, and interviews of stakeholders and potential students. Throughout the process, we utilize quantitative and qualitative data to conduct a full program review and market demand analysis to evaluate the health of the current programs offered and potential opportunities.

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Academic Portfolio Growth

Baylord University

Kennedy & Company partnered with Baylor University to assist the institution in defining a strategy and goals for the growth of its graduate professional academic program portfolio. Our team worked closely with a task force of professional school deans and representatives of the Provost’s Office and engaged functional and academic unit stakeholders across the institution.‍In addition to defining the strategy and establishing measurable goals and tactics for both new and existing programs, our team identified a set of barriers that were inhibiting program innovation in graduate professional education (GPE) at Baylor. Kennedy & Company developed recommendations to address each of these barriers and integrated these recommendations into both the goals for the GPE portfolio and a high-level implementation plan.

Online Program Strategy & Launch

Spelman College

Kennedy & Company worked with Spelman College leadership and its Board’s Alternative Revenue Committee to develop a 10-year strategic initiative focused on developing new online programs to serve as alternative revenue sources for the institution. Central to the development of the new plan was a thorough understanding of the market and competition for Spelman’s potential online offerings, as well as primary research on the most promising potential programs. Kennedy & Company produced a full strategic initiative plan for the Board, complete with a 10-year financial and operational prospectus.

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"We wanted a net price calculator that was easy to use and could be deployed by our one-stop staff to help students understand the financial ramifications of their choices. Kennedy and Company’s tool does just that while also helping us remain compliant with federal aid regulations. Our staff have really enjoyed having this additional tool for their counseling toolbox."

Bruce Blackmon
Director of Financial Aid

Colleges “definitely will be concerned and do have a right to be, but it’s a great opportunity to review the current contract they’re operating,” Snow said. She suggested potentially negotiating a contract for a shorter time frame, as well as including an exit clause or a set of terms that could end an agreement without breaking the contract. She also believes more universities may want to see an increase in transparency, particular in marketing materials. “When you’re an institution, it’s on your behalf, but you don’t see the day to day of what they’re spending and how they’re spending it,” she said. “You can be in the dark of how you’re being marketed. And in the beginning, it didn’t matter as long as the enrollment came, but now it behooves them.

Stacy Snow
Principal​

1st Aid Net Price Calculator is a user-friendly tool that keeps up with the academic offerings and dynamic tuition and fee structure at our university. It provides an estimate and meaningful information to prospective students and families, blending in the financial aid award philosophy. The Kennedy & Company implementation team was easy to work with and they structured a project implementation plan that met our needs. The NPC displays on both the financial aid and admissions web page, and it continues to meet our expectations.

Evan Udowitch
Director of Financial Aid and Scholarships

We engaged Kennedy & Company to audit our set of touchpoints with prospective students, analyzing how customer data flows through different systems and detailing interactions at each step. In addition to a detailed analysis of our data ecosystem, the team developed a rigorous implementation plan to help different departments optimize their activities. Kennedy & Company was very thoughtful and comprehensive in their work, so that we gained visibility and are making meaningful progress on multiple interconnected issues.

Bill Boulding
Dean

Kennedy recognized that no one knows us as well as we do. They valued our experience and knowledge, and worked with us as an integrated team. Kennedy’s collaborative approach ensured that the end-product was well-suited to our culture, our values and priorities, and our competitive environment.

Kathleen Boozang
Dean

“Our collaboration with Kennedy & Company has been nothing short of transformative. Through their expert guidance and strategic implementation of Salesforce Education Cloud, Spartanburg Community College has elevated its marketing, communication, and student engagement efforts to an entirely new level. The result is a sophisticated, data-driven CRM ecosystem that not only enhances operational efficiency but also empowers our teams to support student success in more meaningful and measurable ways. Kennedy & Company has proven to be an invaluable partner in our digital evolution.”

David Aughinbaugh
Director Information Technologies

“Kennedy & Company was helpful and responsive from our initial contact with them in creating an appropriate scope of work that fit our needs, all the way through to developing the Slate Reader and Application for our over 140 graduate programs with several hundred users. Even with a decentralized admission model and with so many users involved, we were focused on creating a single solution that would be malleable for all. They helped us create a solution that fit the needs of many and were diligent and tireless in responding to our trouble-shooting questions and quest for continuous improvement. We wouldn't hesitate to recommend them and look forward to continued work on other projects.”

Dr. Corinne Kulesh-Caisse
Director of Graduate Enrollment Management

“Kennedy and Company’s expertise in strategic planning has been transformative for the College of Engineering. Their productive conversations brought clarity to our vision and enabled us to identify common themes that will shape the future of the College. With their guidance and ongoing support, we have crafted a clear, actionable 10-year roadmap that perfectly aligns with our goals and with Villanova’s mission, confidently positioning us for continued innovation and growth.”

Michele Marcolongo
Dean

“I am sincerely grateful for our partnership with Kennedy & Company. Their team has played many instrumental roles helping Palmetto College plan and execute on our growth strategies. Palmetto College is a complex organization that includes four two-year institutions located throughout the state, as well as an online degree completion programs. Kennedy & Company has helped us both transform our enrollment plans and strategies, and also translated them into actionable tasks for our teams within the Salesforce CRM. This effort has improved our adoption of the CRM and enabled our teams to better engage students throughout their time with us.”

Dr. Susan Elkins
Chancellor of Palmetto College

“Kennedy and Company quickly established themselves as a critical companion when it comes to both thought partnership and modeling the implications of complex challenges/solutions. With such a broad range of support their team can provide, they have helped Mason tackle some of its most important questions facing the institution as we both develop offerings for new markets and improve student outcomes.”

David Burge
Vice President of Enrollment Management
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