ERIC Number: ED430618
Record Type: Non-Journal
Publication Date: 1999-Mar
Reference Count: N/A
Entrepreneurial Aussies--Success in Tough Times.
Rudolph, John; Barnaart, Antoine; Smith, Mike
This presentation describes the entrepreneurial and intrapreneurial strategies being adopted by two Technical and Further Education (TAFE) institutions in Australia, Northern Territory University and the Victoria University of Technology. The similarities are stressed between TAFE institutions, North American community and technical colleges, and Europe's vocational colleges, all of which meet the specific needs of industry, business, and the community. In addition, all three of these systems are currently facing funding cuts from government agencies; government-initiated policy changes; greater competition from both the public and private sector; and demographic shifts that are changing the composition of the student population. In response to these challenges, the TAFE institutions have taken initiatives to maximize their competitive edge in the training market. Some of the entrepreneurial strategies adopted are: (1) establishing strategic alliances with key partners; (2) designing and delivering flexible training packages; (3) identifying industries where little structured vocational training has been implemented; and (4) delivering training services to clients off-shore. In addition, some intrapreneurial strategies have been designed and implemented to put each organization on a more business-like footing, including budgeting for staff development programs, investing in high-quality equipment, and building "live work" simulations into training programs. The authors conclude that the implementation of these business-like practices have had significant short-term benefits in terms of enhanced budgets, physical resources, and staff skills. (CAK)
Publication Type: Reports - Descriptive; Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: Victoria Univ. of Tech., Melbourne (Australia).