How to Move From Grant Dependent to Profit Center
Naseha Sameen
Workforce Strategist, Data Scientist, Product Owner; leading Optimization & Digital Transformation at Amazon
Analysis - From As Is to POA
Educational Institutes mainly thrived on Grants. As the competition grew and market conditions became difficult, grants are becoming stringent. Emphasis is on reducing grants. In such scenario, the way out is through it. The Grant Dependent Set-Ups are to be steered to be a profit center. It is rather heartening to note that turning such set up to profit center is not an impossible task. It takes Top Down and Bottom Up Approach and at times, a mix of both with a strong #Leadership to team to turn the tides. A case Study on British Council
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.
