The Benefits of NEF Diamond:
- NEF Diamond provides the blueprint for improved revenue generation by diversifying
and repositioning the organisation to take advantage of market opportunities.
- Organisations will learn ways to identify, review and assess market opportunities
in a responsive way.
- Colleges will become confident in showcasing and developing their capability to
create new courses for existing and emerging markets.
- NEF Diamond shapes an organisation’s performance to ensure it delivers a high standard
of customer service and satisfaction, leading to improved relationships and repeat
business.
- The programme will ultimately lead to sustainable strategic partnerships and alliances
with employers and their supply chains.
NEF Diamond
NEF Diamond enables the participating college to develop USPs and clear routes to
market in order to collaborate more actively with industry and generate private
sector revenue. It is a strategic, holistic process that develops your capacity
to grow and exploit market opportunities and delivers fundamental, sustainable change
and differentiation throughout the organisation.
The process
The Diamond programme takes advantage of NEF’s unique position at the juncture between
FE, HE and industry by first working with the college to analyse current provision
and future aspirations and develop routes to market. We then manage the implementation
of these strategies in conjunction with the college by approaching commercial and
industrial players in order to generate private sector interest and funds for the
selected colleges.
The process involves four stages:
Step 1: Internal Environment Appraisal.
Result: Together we collect robust evidence on organisational capabilities and pin-point
areas for change.
Step 2: External Environment Analysis.
Result: Competitive assessment of markets, opportunities and a new strategic positioning
of your organisation.
Step 3: Strategy Formulation
Result: An evidence-based plan to differentiate your organisation that builds clarity,
focus and momentum.
Step 4: Strategy Implementation
Result: Rolling out your plans developed over previous steps to improve innovation,
generate new income streams and build sustainable strategic alliances
Why do you need NEF Diamond?
The squeeze on funding for further education is compelling colleges to rethink their
strategy and refine their offer. In order to ensure sustained performance well into
the future, colleges need to be agile and responsive to maintain market leadership.
The NEF Diamond programme is a strategic approach that supports colleges to review
their capability and markets, adapt to overcome challenges, and reposition themselves
to take full advantage of market opportunities to drive private sector income and
achieve profitability and growth, even in austere times.