Product Value Chain in a Tertiary Institution: The Need for MCDM

Abstract

Value chain examination of tertiary education institutions is centered on the dynamics of inter-connection within the education sector, most especially the way in which tertiary education providers such as universities, polytechnics, institutes and the likes are universally integrated, this entails conventional systems of economic, social analysis and much more. This research work is centered on the study of Edo State Institute of Technology and Management (ESITM) as a tertiary education provider, it is embarked upon in order to determine the institutes competitive advantage in the market place. It is hoped that this research would reveal the strengths and potential threats of the institute. The authors believe that this analysis would inform strategic planners and managers of the institute on the way forward to consolidate its position in the industry. Stakeholders of the institute are advised by the authors on the need of embarking on Multiple Criteria Decision Making (MCDM) in its policy making process, as this will make the institute focus on policies for improving access to education and training not only for middle manpower at ESITM, but equally be able to build degree holders workforce demand for services such as Research and Development (R&D), design etc.