week1 he 21stassignment•Describe your proposed strategy for evaluating competing priorities. Briefly describe at least two initiatives or factors you, as a new administrator, might need to learn about in order to make an informed public response.•Explain how your proposal aligns with the university mission and vision statements.Consider the following scenario:The president’s office at Grand City University has issued an urgent memo to all departments and to the university’s leadership team. As a result of legislative action, funding for higher education in the state will be reduced by 2.5% in the next academic year. The president has asked all leaders to begin evaluating priorities to determine how best to cut funding at Grand City University.To prepare:As a newly-appointed member of the leadership team, consider how would you begin to propose a solution to this difficult problem.Review the university’s vision and mission statements. Think about how your proposal aligns with the mission and vision.