From Grants Dependent to Profit Centre

Action Plan to Convert Educational Grant dependent institutes to Profit Centre.

Example Taken: British Council

Action Plan to Convert Educational Grant dependent institutes to Profit Centre.

An example of such an institute is ‘British Council’. This paper takes British Council as an example and creates an action plan around it. It is an example of how to convert an institute(s) that is mainly depended on Grants to be ‘Self Sufficient’ and then ‘Revenue Generating’ Profit Centre. It can be easily replicated to other such institutes.

As per the paper published British Council’s plan is that EU would be off the grant by 2017. This could be replicated by other markets/regions.

 

grantdep2    ====> grantdep3
grantdep4       ====> grantdep5
grantdep8       ====> grantdep6
grantdep10       ====> grantdep12

 

 

 

grantdep13

Summary:

This is a paradigm shift from Grant dependent to Self-Sufficient and then to Revenue Generating Model

The target is steep but not unachievable

Main Methods used are Six Sigma, Project Management,  and Statistical Analysis

Inter-department communication and leveraging is required to achieve stretched target

 

Reference:

i) http://www.britishcouncil.org/sites/britishcouncil.uk2/files/d554_annual_report_final.pdf

ii) http://www.britishcouncil.org/sites/britishcouncil.uk2/files/corporate-plan-2014-16.pdf Page 49

iii) http://www.britishcouncil.org/sites/britishcouncil.uk2/files/corporate-plan-2014-16.pdf Page 49

iv)  http://www.britishcouncil.org/sites/britishcouncil.uk2/files/d554_annual_report_final.pdf – Page 43

http://www.britishcouncil.in/programmes

http://www.britishcouncil.in/about

 

 

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