University of Ghana Business School has launches a 3-year strategic plan (2021-2024) to respond to current trends and make it the preferred business school in the country.
The strategic plan is intended to enable the school to carry out its mission and vision successfully to reposition the school to respond appropriately to the changing requirements of its stakeholders.
Replacing the school’s most memorable strategic document which terminated in July 31, 2021, the newly evolved plan looks to chart a new path towards delivering quality human asset capacity and leaders through the provision of elite administrations.
University Of Ghana Business School Launches 3-year Strategic Plan
The new plan
The Dean of the UGBS, Professor Justice Nyigmah Bawole, at a service to launch the strategic plan at University of Ghana (UG) in Accra, stated that the strategic plan was expected to guide the school to move towards achieving its vision.
He stated that the new plan had been intentionally planned on eight strategic pillars.
The pillars included greatness in teaching and learning; greatness in research; internationalization and accreditation; and marketing communication and industry engagement.
Others are effective financial management; advancement of a-list infrastructure; improvement of human asset capabilities; and reaction management education, institutional and community engagement.
Old strategic objectives
The dean explained that while a portion of the old strategic objectives were maintained because of their significance, others had been revised and added to mirror the current global trends in the industry.
He said the particular actions needed to achieve the various objectives and corresponding results over the planning skyline were also featured.
Prof. Bawole said the plan was accompanied by the implementation and monitoring arrangements as well as a financial plan.
“As a business school that trains people in how to manage their organization, the least expected of us is to practice what we teach at the lecture halls.”
“I’m very excited that the UGBS is launching its medium-term strategic plan today to guide its activities in the next three years,” the dean added.
The Provost of the School of Humanities at UG, Prof. Daniel Frimpong Ofori, who lauded the UGBS for the initiative, noted that having a strategic plan in place was significant to enable institutions or individuals to track progress towards their separate goals.
He said a strategic plan could create an opportunity for organizations to be proactive rather than reactive.
“Designing a strategy makes you disciplined and focused to achieve the needed success. Without discipline and planning things will go bad,” he added.
An individual from the UGBS management, Adelaide Addo-Fening, who addressed the Bad habit Chancellor of the University of Ghana, Prof. Nana Aba Appiah Amfo, challenged institutions to be stronger to have the option to defeat challenges.
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“This means that businesses must have understanding of the context, risk factors, competition and make sure that they can stand no matter the circumstances,” Mrs Addo-Fening added.