Ben & Jerry: CSR challenges and opportunities when creating a business and making it grow
Creating Opportunities out of Challenges
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Transcript of Creating Opportunities out of Challenges
Our Business
‘On the Move’
Creating Opportunities out of Challenges
Our Business program
On the Move – Understanding the changing VET environment
Opportunity Knocks – Part 1 - Building a successful business relationshipPart 2 - Evaluating a business opportunity
Riverina Institute
> Why are we here?
> Our ‘Profile’ – Facts and Figures
> External Environment
> Whole of Business
> Funding Sources
> How we are performing?
> Where to from here?
RI Strategic Priorities
http://intranet.rit.tafensw.edu.au/inst_dir/upload/Strategic_Goals/A4_Strategic_Goals_07-11.pdf
RI Business Plans
http://intranet.rit.tafensw.edu.au/inst_dir/bport/default.aspx
RI Targets
http://intranet.rit.tafensw.edu.au/targets/default.asp
Riverina Institute Snapshot
Quote from Rosemary
How is the external environment of VET changing?
Discussion
What affects RI?
> COAG agenda
> Commonwealth funding agreements
> Industry requirements and response
> Market design focus
> Review of Higher Education
> VET in schools
> Other State directions
Market design
States rewarded for adopting:
> National regulation of RTOs
> Choice in training provider, products, and service
> Individuals funded, not the institutions
> Contestability of all funding
> Competitive Neutrality
> Nationally Competitive Market
VET in Schools
> Trade Training Centres in Schools program ($2.5 billion over 10 years)
> $500,00 - $1.5 m per school
> Funding for upgrades, refurbishments, new facilities
> For training in skills shortage areas to Cert III
> Application requires coordination with TAFE and other providers to ensure no duplication of facilities in the area
Whole of Business
What does this mean to you?
Whole of Business Approach
It’s about …> knowing the needs of our customers
> knowing where we have a competitive advantage
> tailoring our programs for different customer needs
> linking and integrating services (recognition, job placement, counselling, library, learner & disability support) with training and skills development
> diversifying our funding sources to ensure sustainability
> competing in the marketplace.
Contestable Funding
Funded places that we have to compete for include:
> Productivity Places Program (PPP)
> Traineeships
> Some Apprenticeships
> AMEP and LLNP
> Pre Vocational programs
> Strategic Skills Program (SSP)A full list is maintained at: http://portal.rit.tafensw.edu.au/CF/Lists/Funding%20Sources/AllItems.aspx
Productivity Places Program
> Federal Government initiative
> 450,000 places over 4 years
> 20,000 places from 1 April for job seekers
> 15,200 at Cert II and 4,800 at Cert III
> A significant proportion to be referred from job network
> Skill shortage areas
Traineeships
Discussion
What % of NSW Traineeships are with TAFE?
Who are our major competitors?
Commercial In Confidence. Not for circulation or citation.
Funding Sources
$
1999 2003 2004
Increase Of
333%since 1996
Funding Sources
38% External Funding approx $32.7M
62% State Recurrent Funding approx $54.2M
Source: 2008/2009 NCOS Report for Riverina Institute as at 30 June 2009.
What do external funds pay for?
38% external funds represent…
Source: TAFE NSW Riverina Institute Staffing Statistics as at 31 December 2008 (provided by HR).
3%5%5%
9%
13%
57%
Commercial Activities
TVET & Other
TAFE FEE
Special Projects - Courses
Traineeships
Special Projects - Non Delivery
Indigenous Programs
CMF
International
Strategic Skills Program
Our Funding Sources – 38% External
Source: 2008/2009 NCOS Report for Riverina Institute as at 30 June 2009.
Where the money was allocated – 2008/2009
ASH Trends (Actuals) – Core V External
How does it all come together?
The Riverina Funding Model
The Total Funding Picture
Infrastructure Maintenance &Utilities $1.299M
Salaries and Consumables$48.172M
Reinvestment of Margin in Core& Initiatives $4.026M
CentrallyManagedFunds$3.404M
ExternalPrograms $24.787M
Business Development Costs $1.7M
Core
Capital/Infrastructure/Equipment Funds $1.702M
CMF External
Equity open bal. $1.886M (Centrally set)
Equity closing bal
$1.04M
External Margin$4.026M
Commercial In Confidence. Not for circulation or citation.
$.846Last year loss
DiscussionTo respond to the new environment and ensure RI’s
sustainability ...............................
What do I need to change about myself, my section and the Institute?
…… what's in it for me?
Key Messages > Know your competitors> Extend partnerships with enterprises to attract
business – national and local > Build partnerships with universities and schools> Provide a comprehensive service for employers> Promote existing support services; libraries,
counselling> Upgrade and expand information to clients> Take new funding opportunities for skills development
What’s next?
> Opportunity Knocks Part 1 (2 hours)
Networking
> Opportunity Knocks Part 2 (2 Hours)
Developing a Business Case
Resources
Resources from this training are available at:
http://profdev.riverinainstitute.wikispaces.net/