OKR template to strengthen revenue streams for Flying Training Academy
The OKR titled "Strengthen revenue streams for Flying Training Academy" emphasizes the financial betterment of the institution through varied strategies. It details efforts to increase enrollment rates, improve completion percentages, and boost fiscal gains via cross-selling and upselling.
To generate 20% more revenue through upselling and cross-selling, the academy will employ targeted sales strategies. This reflects a shift towards a proactive sales approach aiming to capture the existing students' or clients' interest in the academy's other offerings.
One crucial objective is to raise the enrollment rate by 25%. Steps towards this target involve strengthening outreach programs using open-house events or webinars, executing a strong marketing strategy aimed at potential students, and offering incentives like discounts or scholarships to new students.
The final outcome is intended to enhance the course completion rate by 15%. Initiatives to fulfill this involve incorporating interactive activities within the syllabus, ensuring personalized follow-ups on student's progress, and consistently accruing and applying student feedback to improve the course structure.
To generate 20% more revenue through upselling and cross-selling, the academy will employ targeted sales strategies. This reflects a shift towards a proactive sales approach aiming to capture the existing students' or clients' interest in the academy's other offerings.
One crucial objective is to raise the enrollment rate by 25%. Steps towards this target involve strengthening outreach programs using open-house events or webinars, executing a strong marketing strategy aimed at potential students, and offering incentives like discounts or scholarships to new students.
The final outcome is intended to enhance the course completion rate by 15%. Initiatives to fulfill this involve incorporating interactive activities within the syllabus, ensuring personalized follow-ups on student's progress, and consistently accruing and applying student feedback to improve the course structure.
Strengthen revenue streams for Flying Training Academy
Generate 20% more upsell and cross-sell revenue via targeted sales strategies- Increase enrollment rates by 25%
Strengthen outreach programs through open-house events or webinars- Implement a compelling marketing strategy targeting potential enrollees
- Offer exclusive discounts or scholarships to new enrollees
- Boost course completion rate by 15% through improved student engagement
- Implement interactive activities within the coursework layout
- Conduct personalized follow-ups on student progress
- Regularly gather and apply student feedback on course structure