Inc. DeVry Inc. will capture market share and provide low-cost alternatives to traditional educational programs. Distance Learning Education will also provide customers with a low-cost alternative to traditional education. In particular, Phoenix University, which already has 48,000 students in 12 states, will become a major player. In addition, Virtual Universities will compete for our traditional students. It is clear that the amount of state funds will fall far short of what will be needed to fund higher education in the next century.
Taxpayers are unlikely to provide much-needed funds given the current climate.
Therefore, it becomes necessary to seek external monies to fund these initiatives. As discussed earlier, workers in the 21 st century must be innovative, flexible and be able to adapt quickly to change. Conclusions Cal State L.A. must strive to become a Center of Excellence and a major force in the region. It also must be innovative, flexible, and adaptive to the needs of its stakeholders. The University must partner with the business community.