Research Paper on:
Strategic Audit of Florida Atlantic University's College of Business

Unformatted Sample Text from the Research Paper:
Florida Atlantic University (FAU) was founded in 1961 and is located in Boca Raton, Florida. The College of Business seeks to "foster a climate of intellectual achievement  and diversity for our stakeholders through creation of, and access to, relevant business knowledge" (Vision, Mission and Values, n.d.). Stated values include scholarship, creativity, academic service, leadership and ethics  (Vision, Mission and Values, n.d.). There is intense and growing competition among the countrys business schools for students seeking the Masters of Business  Administration (MBA) degree. FAU seeks to assess its industry for the purpose of aligning strategy and external conditions. PEST Analysis Political Environment  The political environment is such that additional business training at the graduate level can be quite valuable to many organizations and to those seeking admission into the program. Globalization  of business continues and likely will not be abated in the future as domestic companies seek broader markets and foreign-based firms seek the same within the United States. Economic Environment  The current economic environment is positive but of course is subject to change at any time. Application to business schools may be  linked to the national economy as enrollment increases during times of economic recession and tends to decline when the economy is healthier (Carbasho, 2005). Sociocultural Environment  The MBA degree is an effective equalizer of diverse socioeconomic backgrounds and cultural differences within organizations. It provides a solid business base to those who may  bring alternative perspectives and experiences to management positions within organizations. This represents a leading strength in that organizations actively seek ethnic and cultural minorities to increase internal diversity. Technological