Apprising a
Tuition Rise at School
Communicating
increase risk brought about by the pandemic
The current state of affairs in
language learning and higher education institutions cannot be compared to a
bleak island where everything in a 360° panoramic view seems to be the same.
The present pandemic has brought abrupt changes not only to the way classes are
being taught but the investment needed by students to pay their tuition at colleges
and language centers. In a speedy journey through local language schools and
private universities, the organizations decided to subsidize tuition fees by
providing students with juicy discounts that later seriously impacted
the corporate finances and labor force being laid off. Then, how do education
companies communicate their stakeholders that subsidies are not perennial and that
they have to be adjusted or eliminated?
If there is a crash on the market,
companies can cope with bad news straightforwardly, but what about students?
How can schooling consortiums deliver potential bad news to employees and other
stakeholders such as learners regarding adjustments in tuitions? It looks like
the risk communication is the way to go; communicating every interested party
about the current uncertainty on the market is the most honest, genuine, and
ethical decision that needs to be made because, as stated by Cleaveland, Newman, J., & Weber, S. (2020), “risk
communications are more important than ever during the current pandemic.”
Institutions must leave their hearth and home to embrace risk communication and
use it as their whetstone to sharpen their social media communication campaign and
educate the public to read bad news positively despite the paradox this statement
implies.
What are the
side effects of not communicating about uncertainty in the education business
especially when it comes to a tuition increment? The fallouts of an
ineffecitive assessement of a corportation regarding risk management can
directly impact stakeholders and employees, and this will be seen in terms of a
trust deficit growth in the institution’s custormers and regulators. What is
then expected to happen in social media outlets is a wrestling match in earnest
where detractors will try to weaken the education corporations because it looks
like they do not know what the short-term and long-term budgetary consequences
in the educative consortiums are. The inaction in trying to use a risk
communication approach to a tuition increase, -because of the direct and indirect
pandemic effects-, can bring economic, labor, social, and cultural
repercussions in the organizations’ credibility in the eyes of stakeholders.
Stakeholders
can expect changes in tuition in the education companies they are stutying at,
but they need to comprehend why these increases are happening by always
bringing the bright side of the institution. “Communicating uncertainty requires
identifying the facts relevant to recipients’ decisions, characterizing the
relevant uncertainties, assessing their magnitude, drafting possible messages,
and evaluating their success”
As stated by Cleaveland, Newman, J., & Weber, S. (2020), any corporation has to “stop
improvising.” Based on their recommendation, “firms will never be able to
reduce uncertainty to zero, but they can commit to engaging with customers
around uncertainty in systematic, predicatable ways”
If these steps are not followed, the full potential to retain
current learners or have new students will hot be harnessed! Companies need to “design
for risk communication from the beginning”
References
Cleaveland,
A., Newman, J., & Weber, S. (2020, September 24). The Art of
Communicating Risk. Retrieved September 25, 2020, from Harvard Business
Review: https://hbr.org/2020/09/the-art-of-communicating-risk
Fischhoff, B., & Davis, A. (2014, September 16). Communicating Scientific Uncertainty. Retrieved September 26, 2020, from Proceedings of the National Academy of Sciences of the United States of America: https://www.pnas.org/content/111/Supplement_4/13664#:~:text=Communicating%20uncertainty%20requires%20identifying%20the,messages%2C%20and%20evaluating%20their%20success.
Apprising a Tuition Rise at School by Jonathan Acuña on Scribd
Post a Comment