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The NSW vocational education and training market and TAFE NSW's competitive position within it / The Boston Consulting Group.

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Field name Details
Record Number 17848
Corporate Author The Boston Consulting Group.
Title The NSW vocational education and training market and TAFE NSW's competitive position within it / The Boston Consulting Group. [ElectronicResource]
Published Melbourne : BCG, 2016.
Collation 60 p. [PDF]
General Note "The Boston Consulting Group (BCG) was engaged by TAFE NSW in January 2015 to analyse the vocational education and training (VET) market in NSW given changes underway, to lay out TAFE NSW's and its Institutes' competitive position within this market compared with private and other non-government providers, and to identify the implications of changes on TAFE NSW's future competitiveness." - p. 1.
Summary Note "Without change, TAFE NSW will be increasingly uncompetitive and may suffer financial losses. To remain competitive, TAFE NSW will need to: [1] Maintain or grow market share and student numbers by improving the product offer, convenience, branding, and marketing vs. competitors. This may include enhancing online and blended delivery which both better meets student and employer customer demands and can increase overall productivity of delivery. [2] Transform its legacy administrative, financial and workforce management that slow its responsiveness to market shifts. This may include reducing duplication of effort in the online space between OTEN and individual Institute online presences; minimising customer confusion from the proliferation of TAFE NSW brands; addressing sub-scale institutions spread across geographies and fields of education; and reducing administrative duplication between Institutes, and between Institutes and the 'centre' of TAFE NSW. [3] Rapidly improve productivity and competitive cost position to sector-competitive levels to allow it to price to win business and make targeted investments in quality. This may include improving workforce productivity and total unit cost and improving the productivity of TAFE NSW's physical asset base, potentially widening geographic reach while reducing the absolute asset size in each location served.
Without change, TAFE NSW could see market share decreases (and therefore job losses) similar to those experienced by other state TAFEs following increased contestability. While overall there is enormous market potential for vocational education and training in Australia, TAFE NSW will need to reform from its current historic model to an efficient, modern, commercially astute, skills and educational service provider that delivers exceptional community and social outcomes, for it to take advantage of this great potential." - p. 56.
Subject Vocational education -- New South Wales
Technical education -- New South Wales
Added Corporate Name TAFE NSW
Internet Site https://www.tafensw.edu.au/__data/assets/pdf_file/0011/19100/TAFE-NSW-Public-Report-BCG.PDF
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