Celebration of Scholars
Velocity Consulting: The Prairie School
Name:
Sarah Bedore
Major: Accounting and Management
Hometown: Tinley Park, IL
Faculty Sponsor:
Other Sponsors:
Type of research: SURE
Funding: SURE
Name:
James Oren
Major: Psychology
Hometown: Algonquin, IL
Faculty Sponsor:
Other Sponsors:
Type of research: SURE
Funding: SURE
Name:
Miranda Van De Loo
Major: Public Relations and Communications
Hometown: Menominee Falls, WI
Faculty Sponsor:
Other Sponsors:
Type of research: SURE
Funding: SURE
Abstract
The Prairie School is a private school seeking to enhance its enrollment. A 10 student team, involving the fields of education, geographic information systems, finance, accounting, economics, marketing, and strategy was engaged through Velocity Consulting to suggest ways in which they might enhance their programming, marketing, and financial operations.
How and to what extent can The Prairie School increase enrollment and retain students from the surrounding community? What are the factors that influence the private school selection process? Our research, utilizing secondary data collected from competitors, customers, and potential customers, included field work and surveys (with scale development) that help the school to understand its customer base, determine educational goals, and locate new sources of potential customers.
The data suggests specific zip codes as particularly under-served relative to their needs, key opportunities across disciplines for development, and pricing metrics which may be useful to compete in the modern world. While our findings are specific to The Prairie School, this research process could be replicated for other schools facing similar challenges and wishing to modernize their processes through an interdisciplinary focus.