Final answer:
When implementing a CRM initiative, a school should adapt traditional business questions to their educational context, considering stakeholder expectations and strategies for change and control. Shareholders elect company managers, banks act as financial intermediaries, and choices between borrowing and issuing stock involve assessing long-term goals.
Step-by-step explanation:
When a school is implementing a new CRM initiative, the most pertinent questions to ask would likely include understanding the expectations of stakeholders and the ways to improve mechanisms of control and change. In this context, questions such as 'What do our investors want and expect?' and 'How do we increase our control for change?' are relevant. However, given that educational institutions typically do not have investors in the traditional business sense, the question about investors may be less applicable unless it refers to stakeholders within the education sector like sponsors, parents, or government entities. Asking 'Who are we?' can help clarify the institution's identity and vision, which can align CRM strategy accordingly. Ultimately, all these questions are worth considering, but they should be adapted to the context of an educational institution rather than a corporate business.
Shareholders choose company managers through a voting process during annual general meetings or similar forums. Banks are termed as 'financial intermediaries' because they facilitate financial transactions between savers and borrowers. When deciding between borrowing or issuing stock to raise capital for expansion, one must consider factors like control dilution, interest rates, potential debt burden, and the long-term strategic goals of the company. These considerations play a critical role in shaping an effective financial strategy.