Excellent Performance Academy: Effective Administration and Finance Systems
Excellent Performance Academy is a low fee-paying school established in 1999. Currently, the school has a population of about 150 students and 20 teaching and non-teaching staff. The daily administration of the school is taken care of by a proprietor. There is also a headmaster who oversees the school's academic activities. Over the years, Excellent Performance Academy has faced some challenges that impede its smooth running. Junior consultants were tasked to diagnose the situation and find the main issue. In trying to address the challenges of the school, an organizational scan, industry analysis, and SWOT analysis were conducted to understand the business and the education industry at large. After gaining knowledge about the industry, situational analysis and a needs assessment were conducted to place the school in context and identify the main problems facing Excellent Performance Academy. The main problem identified was the lack of essential financial management systems to ensure smooth operations, especially regarding the teacher remuneration and school fees collection. As a result, junior consultants concluded that the school needs a well-structured system for fees collection. The team created a comprehensive financial management system for the school. The system comes mainly in two parts. The first part is a school fees tracker, which would help the school track fees, reduce the cost of fee collection, and help keep records. The second part of the management system is a budget template to help the school plan and ensure it operates within its means.
Applied project submitted to the Department of Business Administration, Ashesi University, in partial fulfillment of Bachelor of Science degree in Business Administration, May 2022
Enyonam Ama Koko, George Junior Duku, & Nana Kwame Owusu. (2022). Excellent Performance Academy: Effective Administration and Finance Systems. Ashesi University.