Cheryl DarrupBoychuck presents this session at the Washington International Education Council in DC in January 2014. Learn more about how both USjournal.com and FundsV can improve the efficiency and integrity of international enrollment management.
The document discusses iNurture Education Solutions, which aims to address India's lack of employable graduates through industry-integrated education programs. It outlines iNurture's vision to build career-ready professionals through courses jointly created with industry experts. These degree and certification programs are delivered through university and college partnerships across India. The document shares endorsements from industry leaders supporting iNurture's innovative education model.
This document outlines the discounted cash flow (DCF) approach for valuing a company, specifically Mercury. It involves 7 steps: 1) Calculating free cash flow (FCF) for Mercury, 2) Estimating Mercury's cost of debt, 3) Estimating Mercury's cost of equity, 4) Calculating Mercury's weighted average cost of capital (WACC), 5) Estimating Mercury's growth rate, 6) Calculating Mercury's terminal value, and 7) Determining the net present value of Mercury's FCF and terminal value to arrive at Mercury's firm value.
Millet Mission Odisha was nominated for Skoch Award. The presentation was made by Professor Srijit Mishra, Director, NCDS in charge of State Secretariat
The document discusses the impact of COVID-19 on Indian agriculture. It outlines how the pandemic has affected agricultural supply chains and the agriculture sector through issues with seed accessibility, food production and distribution, fertilizer shortages, and impacts on livestock. The government implemented schemes to support farmers during this time like Pradhan Mantri Fasal Bima Yojana, PM-KISAN, and Pradhan Mantri Garib Kalyan Anna Yojana. While some changes have been proposed to improve the agriculture sector, uniform implementation of policies is still needed.
Agri Tech Startups: Redefining Indian AgricultureShailesh Herale
This presentation highlights the concept of startup and current scenario of agritech startups, government support/incubators/ accelerators related to agritech startup, bottlenecks for agritech startups in India and case studies highlighting innovative agritech solutions.
This chapter discusses global production, outsourcing, and logistics. It addresses key questions about where to locate production, whether to own foreign factories or outsource production, and how to manage an international supply chain. The chapter explains that production location decisions depend on country, technological, and product factors. It also discusses factors that influence make-or-buy decisions and how strategic alliances can help capture benefits of vertical integration. The chapter emphasizes that efficient logistics and information technology are important for international operations.
Innovation systems approach for agricultural transformationILRI
This document discusses innovation systems and their importance for agricultural transformation. It defines innovation as the application of new knowledge to improve performance. An innovation system is a network of organizations and individuals involved in knowledge creation and use for social and economic benefit. Innovation capacity refers to the patterns of interaction between actors and the policies that support knowledge exchange, technological change, and learning. The innovation systems approach aims to develop local capacity for problem identification and solution generation through partnerships between various stakeholders. Three key points are made: 1) Technologies alone are not enough - partnerships are vital for innovation; 2) Innovation capacity depends on social arrangements that facilitate knowledge sharing; 3) The roles of various actors and nature of their linkages must be considered to strengthen innovation processes.
Youth in agriculture: Entrepreneurial perspectiveAlok Sahoo
Youth in Agriculture : ARYA,, Entrepreneurial perspective in agriculture which can attract youth. Modernity with improved technologies which can attract youth..etc..
The document discusses iNurture Education Solutions, which aims to address India's lack of employable graduates through industry-integrated education programs. It outlines iNurture's vision to build career-ready professionals through courses jointly created with industry experts. These degree and certification programs are delivered through university and college partnerships across India. The document shares endorsements from industry leaders supporting iNurture's innovative education model.
This document outlines the discounted cash flow (DCF) approach for valuing a company, specifically Mercury. It involves 7 steps: 1) Calculating free cash flow (FCF) for Mercury, 2) Estimating Mercury's cost of debt, 3) Estimating Mercury's cost of equity, 4) Calculating Mercury's weighted average cost of capital (WACC), 5) Estimating Mercury's growth rate, 6) Calculating Mercury's terminal value, and 7) Determining the net present value of Mercury's FCF and terminal value to arrive at Mercury's firm value.
Millet Mission Odisha was nominated for Skoch Award. The presentation was made by Professor Srijit Mishra, Director, NCDS in charge of State Secretariat
The document discusses the impact of COVID-19 on Indian agriculture. It outlines how the pandemic has affected agricultural supply chains and the agriculture sector through issues with seed accessibility, food production and distribution, fertilizer shortages, and impacts on livestock. The government implemented schemes to support farmers during this time like Pradhan Mantri Fasal Bima Yojana, PM-KISAN, and Pradhan Mantri Garib Kalyan Anna Yojana. While some changes have been proposed to improve the agriculture sector, uniform implementation of policies is still needed.
Agri Tech Startups: Redefining Indian AgricultureShailesh Herale
This presentation highlights the concept of startup and current scenario of agritech startups, government support/incubators/ accelerators related to agritech startup, bottlenecks for agritech startups in India and case studies highlighting innovative agritech solutions.
This chapter discusses global production, outsourcing, and logistics. It addresses key questions about where to locate production, whether to own foreign factories or outsource production, and how to manage an international supply chain. The chapter explains that production location decisions depend on country, technological, and product factors. It also discusses factors that influence make-or-buy decisions and how strategic alliances can help capture benefits of vertical integration. The chapter emphasizes that efficient logistics and information technology are important for international operations.
Innovation systems approach for agricultural transformationILRI
This document discusses innovation systems and their importance for agricultural transformation. It defines innovation as the application of new knowledge to improve performance. An innovation system is a network of organizations and individuals involved in knowledge creation and use for social and economic benefit. Innovation capacity refers to the patterns of interaction between actors and the policies that support knowledge exchange, technological change, and learning. The innovation systems approach aims to develop local capacity for problem identification and solution generation through partnerships between various stakeholders. Three key points are made: 1) Technologies alone are not enough - partnerships are vital for innovation; 2) Innovation capacity depends on social arrangements that facilitate knowledge sharing; 3) The roles of various actors and nature of their linkages must be considered to strengthen innovation processes.
Youth in agriculture: Entrepreneurial perspectiveAlok Sahoo
Youth in Agriculture : ARYA,, Entrepreneurial perspective in agriculture which can attract youth. Modernity with improved technologies which can attract youth..etc..
Agricultural extension and rural advisory services: From research to actionIFPRI-PIM
PIM Webinar, 11 November 2021 // Presentation of innovative interventions that can be applied and adapted to enhance extension performance // Summary of agricultural extension research supported by the CGIAR Research Program on Policies, Institutions, and Markets (PIM).
Event page (full recording): https://bit.ly/3jRTRWy
See more on www.pim.cgiar.org
Active Gear, Inc is considering acquiring Mercury Athletic to double its revenue and expand its market presence. John Liedtke analyzed Mercury's financials from 2006-2011 to determine if the acquisition would be financially beneficial. The net present value of Mercury's projected free cash flows is $275,399.78 using a 7.65% discount rate, indicating the acquisition would provide a positive return on investment. Liedtke also considered qualitative benefits like increased market share and preventing competitors from acquiring Mercury. Based on the financial analysis, the acquisition appears justified and would create value for Active Gear.
This PPT consists of what is agri start up, how it is to be registered and what are the different avenues to start an enterprise in agriculture, various organisations supporting and nurturing start ups etc.,
The return of high food prices and the need to adapt to climate change have revived interest in agricultural technologies adapted to smallholders, in particular women. Sustainable intensification of smallholder production will require a shift to knowledge-intensive agriculture that combines local knowledge and the latest sustainability science to adapt practices to local ecosystems and increase resilience to climate change, price and other shocks. Poor farmers, often women, usually cultivate in more extreme environments in addition to being less connected to markets. A radical change in the focus of national agricultural plans and substantial investment are needed to unleash smallholder production potential, contributing to achieving MDGs and boosting food production to meet the 70% increase needed by 2050. A holistic approach is needed to raise productivity and resilience of agriculture and supporting ecosystems as well as the efficient and equitable functioning of agricultural supply chains.
This document discusses SWOT analysis and its application to rice production. SWOT analysis identifies an entity's strengths, weaknesses, opportunities, and threats. For rice production, strengths include high productivity, low costs, available production inputs, and variety of seeds. Weaknesses are large land and water requirements, high labor needs, and disease/pest susceptibility. Opportunities consist of export markets, demand growth, and new technologies. Threats include competition, inconsistent policies, rainfall variability, and distress sales during disasters.
This document discusses various methods for analyzing agricultural credit and farm finance, including net present value (NPV) analysis, benefit-cost ratio (BCR) analysis, and internal rate of return (IRR) analysis. It provides examples of calculating NPV, BCR, and IRR for a fish farming project. It also discusses limitations of different methods and the importance of sensitivity analysis and considering distributional impacts.
The document discusses various past and present agricultural extension programs in Punjab, Pakistan. It provides details on 12 past extension programs from the 1960s to 1990s, including the Village Cooperative Movement, Village AID Program, Rural Work Program, Input Farmer Doorstep Approach, People Works Program, Basic Democracies System, Training and Visit System. It also discusses current approaches like the Agricultural Hub Program and extension done by private sector companies. Finally, it provides details on two ongoing extension programs in Punjab - the National Program for Improvement of Watercourses and the National Program for Enhancing Rice Profitability.
Bayer is a global enterprise with core competencies in the fields of health careabhayjadaun
The document summarizes information about Bayer AG, a global life sciences company with core businesses in health care, agriculture, and high-performance materials. Bayer has over 111,000 employees worldwide and generated €35.1 billion in sales in 2010. The company is committed to sustainable development and social responsibility. It operates independently managed subgroups and service companies overseen by a management holding company.
Capacity building, Training & need for trainingBaskar Selvam
Capacity building is essential for skill development. For handling farmers in extension programs, skill and knowledge is needed. So, trainings are given to that agriculture extension personnel.
Mass media incorporates all mediums through which information is distributed to the masses. It is categorized into 7 branches introduced over time - print, recorded music, films, radio, television, newspapers, and the internet and mobile. Mass media aims to attract the largest possible audience. It functions to inform, build consensus, entertain, advertise, and promote development. While it can reach many people quickly and at low cost, it also has disadvantages like being difficult to make local or lacking feedback. Mass media plays a vital role in agriculture by communicating information to farmers. It includes newspapers, magazines, television programs, films, and now increasingly the internet and mobile phones.
What do you mean by agriculture consultantsJohn Parker
Agricultural consultants give advice on the use and management of agricultural land. They specialize in business specialists in the particular area those advice agricultural on financial issues and business strategy, while technical specialists consider how to make the most effective use of the land. Technical specialists often focus on a specific area, such as pollution control, forestry consultancy, or crop rotation.
This document discusses the importance of agriculture in India and the challenges facing smallholder farmers. It notes that aggregation of small farmers into cooperatives or farmer producer organizations (FPOs) can help optimize benefits from increased production and trade opportunities. The document outlines government policies and initiatives in India to promote the formation of FPOs to support small farmers and make small landholdings more viable.
Opportunities for farmer producers organizations in tamil naduDiraviam Jayaraj
- Farmer Producer Organizations (FPOs) are groups formed by smallholder farmers to obtain collective benefits from inputs, credit, technology, production facilities, marketing and value addition.
- FPOs provide effective extension services to members and feedback to researchers. They help small farmers participate in high-value markets like exports through aggregation and collective action.
- The document discusses various FPO models in Tamil Nadu and the services they provide members, from input supply to marketing. Sustainable FPOs require support from public, private and NGO extension partners.
This document summarizes DeHaat, an online farmers' marketplace created by Green Agrevolution Pvt. Ltd. to enhance agricultural efficiencies. DeHaat provides a 360-degree platform for farmers, connecting them to inputs, advisory services, and output markets. It has grown a network of over 300,000 farmers across multiple states in India. DeHaat aims to continue expanding its network of farmers and dealers to reach annual revenues of $100 million by 2018-19 through increasing access to inputs, markets, and data-driven services.
AGRI-CLINICS AND AGRI-BUSINESS SERVICES SCHEME IN INDIA by sameer lakhaniSAMEER LAKHANI
The document provides information about the Agri-Clinics and Agri-Business Centres (ACABC) scheme in India. The objectives are to support agriculture development and create self-employment opportunities for agricultural graduates. Under the scheme, entrepreneurs called "Agripreneurs" are trained and provided loans, subsidies and support to establish agri-business ventures. Over 34,000 candidates have been trained under the scheme, establishing over 13,000 ventures, though the success rate remains low. There is a need for better coordination between training institutions and banks to improve loan disbursement and the overall success of the scheme.
Agriculture technology trends 2021: Collaborating tech with agricultureKaty Slemon
Explore how AI/ML, IoT, Blockchain, Automation, & GIS are disrupting Agriculture technology trends & why you should tread towards expanding your Agro business.
This business proposal outlines a plan to promote literacy among children aged 6-14 in India. The objectives are to empower children through education, promote gender equity, reduce poverty and unemployment, and help the country's development. The mission is to enroll all children in school and retain them through primary school by 2015. Challenges include children's health, family factors, and lack of funding. The solution proposes adequate funding, educating parents as well, and strong infrastructure. The estimated costs are approximately 30 lacs rupees. Benefits include expertise in social development projects, helping the government's development goals, and being more effective than competitors.
TEDCO Portfolio Workshop: How To Create a Pro Forma That Will Woo InvestorsTEDCO
This document provides guidance on preparing financial projections for a startup business. It outlines four main rules: 1) financial projections are needed, 2) it is a business rather than accounting exercise, 3) projections will never be perfect but need to make sense, and 4) the goal is to discuss assumptions rather than numbers. It then walks through an example for an education technology startup, demonstrating how to develop a bottom-up market strategy and link it to revenue and cost projections over five years. Key steps include segmenting the market, creating strategies for each segment, and using research and assumptions to build financials and calculate funding needs.
Jayati Bedi is a senior analyst and team leader with RBS Business Services Pvt. Ltd. in their personal and business banking operations in the UK. She has experience handling customer complaints, updating databases, preparing reports, and driving customer experience initiatives. Her past roles include working in the payment protection insurance department, calculating insurance amounts and interest, and the remittance department, processing money transfers and drafts. She has a Master's in finance and is proficient in Microsoft Office, various banking software, and speaks English, Hindi, and Punjabi.
Agricultural extension and rural advisory services: From research to actionIFPRI-PIM
PIM Webinar, 11 November 2021 // Presentation of innovative interventions that can be applied and adapted to enhance extension performance // Summary of agricultural extension research supported by the CGIAR Research Program on Policies, Institutions, and Markets (PIM).
Event page (full recording): https://bit.ly/3jRTRWy
See more on www.pim.cgiar.org
Active Gear, Inc is considering acquiring Mercury Athletic to double its revenue and expand its market presence. John Liedtke analyzed Mercury's financials from 2006-2011 to determine if the acquisition would be financially beneficial. The net present value of Mercury's projected free cash flows is $275,399.78 using a 7.65% discount rate, indicating the acquisition would provide a positive return on investment. Liedtke also considered qualitative benefits like increased market share and preventing competitors from acquiring Mercury. Based on the financial analysis, the acquisition appears justified and would create value for Active Gear.
This PPT consists of what is agri start up, how it is to be registered and what are the different avenues to start an enterprise in agriculture, various organisations supporting and nurturing start ups etc.,
The return of high food prices and the need to adapt to climate change have revived interest in agricultural technologies adapted to smallholders, in particular women. Sustainable intensification of smallholder production will require a shift to knowledge-intensive agriculture that combines local knowledge and the latest sustainability science to adapt practices to local ecosystems and increase resilience to climate change, price and other shocks. Poor farmers, often women, usually cultivate in more extreme environments in addition to being less connected to markets. A radical change in the focus of national agricultural plans and substantial investment are needed to unleash smallholder production potential, contributing to achieving MDGs and boosting food production to meet the 70% increase needed by 2050. A holistic approach is needed to raise productivity and resilience of agriculture and supporting ecosystems as well as the efficient and equitable functioning of agricultural supply chains.
This document discusses SWOT analysis and its application to rice production. SWOT analysis identifies an entity's strengths, weaknesses, opportunities, and threats. For rice production, strengths include high productivity, low costs, available production inputs, and variety of seeds. Weaknesses are large land and water requirements, high labor needs, and disease/pest susceptibility. Opportunities consist of export markets, demand growth, and new technologies. Threats include competition, inconsistent policies, rainfall variability, and distress sales during disasters.
This document discusses various methods for analyzing agricultural credit and farm finance, including net present value (NPV) analysis, benefit-cost ratio (BCR) analysis, and internal rate of return (IRR) analysis. It provides examples of calculating NPV, BCR, and IRR for a fish farming project. It also discusses limitations of different methods and the importance of sensitivity analysis and considering distributional impacts.
The document discusses various past and present agricultural extension programs in Punjab, Pakistan. It provides details on 12 past extension programs from the 1960s to 1990s, including the Village Cooperative Movement, Village AID Program, Rural Work Program, Input Farmer Doorstep Approach, People Works Program, Basic Democracies System, Training and Visit System. It also discusses current approaches like the Agricultural Hub Program and extension done by private sector companies. Finally, it provides details on two ongoing extension programs in Punjab - the National Program for Improvement of Watercourses and the National Program for Enhancing Rice Profitability.
Bayer is a global enterprise with core competencies in the fields of health careabhayjadaun
The document summarizes information about Bayer AG, a global life sciences company with core businesses in health care, agriculture, and high-performance materials. Bayer has over 111,000 employees worldwide and generated €35.1 billion in sales in 2010. The company is committed to sustainable development and social responsibility. It operates independently managed subgroups and service companies overseen by a management holding company.
Capacity building, Training & need for trainingBaskar Selvam
Capacity building is essential for skill development. For handling farmers in extension programs, skill and knowledge is needed. So, trainings are given to that agriculture extension personnel.
Mass media incorporates all mediums through which information is distributed to the masses. It is categorized into 7 branches introduced over time - print, recorded music, films, radio, television, newspapers, and the internet and mobile. Mass media aims to attract the largest possible audience. It functions to inform, build consensus, entertain, advertise, and promote development. While it can reach many people quickly and at low cost, it also has disadvantages like being difficult to make local or lacking feedback. Mass media plays a vital role in agriculture by communicating information to farmers. It includes newspapers, magazines, television programs, films, and now increasingly the internet and mobile phones.
What do you mean by agriculture consultantsJohn Parker
Agricultural consultants give advice on the use and management of agricultural land. They specialize in business specialists in the particular area those advice agricultural on financial issues and business strategy, while technical specialists consider how to make the most effective use of the land. Technical specialists often focus on a specific area, such as pollution control, forestry consultancy, or crop rotation.
This document discusses the importance of agriculture in India and the challenges facing smallholder farmers. It notes that aggregation of small farmers into cooperatives or farmer producer organizations (FPOs) can help optimize benefits from increased production and trade opportunities. The document outlines government policies and initiatives in India to promote the formation of FPOs to support small farmers and make small landholdings more viable.
Opportunities for farmer producers organizations in tamil naduDiraviam Jayaraj
- Farmer Producer Organizations (FPOs) are groups formed by smallholder farmers to obtain collective benefits from inputs, credit, technology, production facilities, marketing and value addition.
- FPOs provide effective extension services to members and feedback to researchers. They help small farmers participate in high-value markets like exports through aggregation and collective action.
- The document discusses various FPO models in Tamil Nadu and the services they provide members, from input supply to marketing. Sustainable FPOs require support from public, private and NGO extension partners.
This document summarizes DeHaat, an online farmers' marketplace created by Green Agrevolution Pvt. Ltd. to enhance agricultural efficiencies. DeHaat provides a 360-degree platform for farmers, connecting them to inputs, advisory services, and output markets. It has grown a network of over 300,000 farmers across multiple states in India. DeHaat aims to continue expanding its network of farmers and dealers to reach annual revenues of $100 million by 2018-19 through increasing access to inputs, markets, and data-driven services.
AGRI-CLINICS AND AGRI-BUSINESS SERVICES SCHEME IN INDIA by sameer lakhaniSAMEER LAKHANI
The document provides information about the Agri-Clinics and Agri-Business Centres (ACABC) scheme in India. The objectives are to support agriculture development and create self-employment opportunities for agricultural graduates. Under the scheme, entrepreneurs called "Agripreneurs" are trained and provided loans, subsidies and support to establish agri-business ventures. Over 34,000 candidates have been trained under the scheme, establishing over 13,000 ventures, though the success rate remains low. There is a need for better coordination between training institutions and banks to improve loan disbursement and the overall success of the scheme.
Agriculture technology trends 2021: Collaborating tech with agricultureKaty Slemon
Explore how AI/ML, IoT, Blockchain, Automation, & GIS are disrupting Agriculture technology trends & why you should tread towards expanding your Agro business.
This business proposal outlines a plan to promote literacy among children aged 6-14 in India. The objectives are to empower children through education, promote gender equity, reduce poverty and unemployment, and help the country's development. The mission is to enroll all children in school and retain them through primary school by 2015. Challenges include children's health, family factors, and lack of funding. The solution proposes adequate funding, educating parents as well, and strong infrastructure. The estimated costs are approximately 30 lacs rupees. Benefits include expertise in social development projects, helping the government's development goals, and being more effective than competitors.
TEDCO Portfolio Workshop: How To Create a Pro Forma That Will Woo InvestorsTEDCO
This document provides guidance on preparing financial projections for a startup business. It outlines four main rules: 1) financial projections are needed, 2) it is a business rather than accounting exercise, 3) projections will never be perfect but need to make sense, and 4) the goal is to discuss assumptions rather than numbers. It then walks through an example for an education technology startup, demonstrating how to develop a bottom-up market strategy and link it to revenue and cost projections over five years. Key steps include segmenting the market, creating strategies for each segment, and using research and assumptions to build financials and calculate funding needs.
Jayati Bedi is a senior analyst and team leader with RBS Business Services Pvt. Ltd. in their personal and business banking operations in the UK. She has experience handling customer complaints, updating databases, preparing reports, and driving customer experience initiatives. Her past roles include working in the payment protection insurance department, calculating insurance amounts and interest, and the remittance department, processing money transfers and drafts. She has a Master's in finance and is proficient in Microsoft Office, various banking software, and speaks English, Hindi, and Punjabi.
This document outlines various local challenges and global trends related to project management. It discusses 10 local challenges including training, resources, empowerment, leadership, motivation, organizational structure, culture, change management, prediction, and balancing customer needs. It also outlines 10 global trends such as agility, mobility, dedicated project management offices, crowdsourcing, the end of email, entrepreneurship, design thinking, chief project officers, analytics and big data, and certification. The document then discusses the author's top 10 critical success factors for project management including training, alignment, readiness, governance, empowerment, ownership, structured agile approaches, shifting from project management to benefits management, and realizing benefits. It provides details on each of these sections.
This document outlines various local challenges and global trends related to project management. It discusses 10 local challenges including issues with training, resources, empowerment, leadership, motivation, structure, culture, change management, prediction, and balancing customer needs. It also outlines 10 global trends such as agility, mobility, dedicated project management offices, crowdsourcing, the end of email, entrepreneurship, design thinking, chief project officers, analytics/big data, and certification. The document then discusses the author's top 10 critical success factors for project management including training, alignment, readiness, governance, empowerment, ownership, using agile methods, shifting from project to benefits management, and realizing benefits.
Get globally recognized Chartered Investment Banking Professional (CIBP™) certification. The ultimate investment banking certification to become a top Investment Banker.
Naveen Kumar Reddy is seeking a job opportunity that allows growth within a well-established organization with international exposure. He currently works as a Research Analyst for S&P Capital IQ in Hyderabad since 2011. His responsibilities include analyzing financial statements, assisting with research and policymaking, and ensuring data quality. Naveen has strong communication and technical skills and education includes an MBA in Finance from Osmania University and a B.Com degree also from Osmania University.
This document provides an overview of finance and accounting best practices for startups that have received funding. It discusses establishing systems and processes for tracking money flow, communicating financial information to investors, and planning budgets and cash forecasts. The presenters have extensive experience and will help founders understand new responsibilities, outline best practices, and prepare to answer investors' key questions about how funding is being used, when the money will run out, and how the business is performing.
This is the internship project that I created, along with my other peers, throughout my internship with Cydcor. I mostly concentrated in the mathematical and financial analysis of the project, however I greatly influenced the other sections as well.
This document provides an overview of a presentation on how to crack the CFA Level 1 exam. The presentation covers an introduction to the CFA Level 1 exam, who should take it, how to prepare, and a sample class on reading cash flow statements. It is presented by Ankur Kulshrestha and Amit Parakh, who have extensive experience in CFA training and corporate finance. The presentation promotes Edureka's upcoming refresher course for the CFA Level 1 exam, which will provide 50 hours of live online classes over 8 weekends to help students prepare.
Would it accelerate your business to network more? How do you calculate the actual dollars gained from attending industry conferences, summits, trade shows, dinners, and networking receptions?
Join us for a step-by-step tutorial on how to calculate the ROI on the time and money you spend attending events. We have distilled the hard and soft costs into a free, downloadable excel template that allows you to calculate your return.
How to size up your Reward and Recognition Budget | Xexecxexec_corporate
As we move towards the end of the year many organisations are in the process of planning their Reward and Recognition (R&R) budgets for next year though this can be a challenging thing to do. In this slideshare presentation (and accompanying webinar), find out how to build a business case, set your budget, manage budgets within a platform, and learn what to do when you run out of budget - plus a lot more! Watch the webinar here: http://bit.ly/2kb1Q1f
APMP Proposal Professional Impact Paper Keith Roberts
The document outlines Keith Roberts' proposal to demonstrate his professional impact in the proposals profession by developing a Proposal Readiness Balanced Scorecard to better monitor opportunities and assign proposal managers early. This allowed his organization to focus resources, take corrective actions, and identify opportunities that were not a good fit, improving their win rate and ability to meet sales goals. Roberts also provides his continuing professional development plan to further his skills and mentor others in the proposals field.
Deepak Shapur has over 4 years of experience as a tax consultant and senior tax analyst at Deloitte. He specializes in helping clients in Canada and the UK decrease tax obligations and optimize government incentives by analyzing data and performing research. He manages project workflows and client relationships.
This document is a presentation on writing business cases. It was presented by Venkadesh Narayanan from Fhyzics to the IIBA Chennai Chapter. The presentation provides an overview of key components of a business case, including defining the problem, analyzing costs and benefits, identifying risks, and presenting the analysis in a business case report structure. It emphasizes that a business case should demonstrate value to stakeholders and use metrics like net present value, return on investment, and benefit-cost ratio to evaluate investment options.
This document summarizes a retreat for the Office of Financial Aid to discuss continuous process improvement. It outlines that while the new student information system rollout was successful, there was still room for improvement as shown by one student's poor experience. The group discusses defining value from the student perspective and mapping key processes to identify areas for reducing waste. Attendees break into groups to document the current state of processes and propose future improvements. The goal is to better align processes with student needs through an iterative improvement approach.
Bownce is developing a recruiting platform for NCAA schools to address issues around vague compliance rules and limited resources for finding talent. It will create a common communication platform for schools and athletes. The platform has launched for men's basketball and will expand to other sports. It generates revenue from annual school subscriptions and advertising. The company is seeking $1M in funding and has an experienced management team. It has begun beta testing and plans to sign up over 700 schools and generate over $5M in revenue by expanding to other sports.
The document introduces STProfessionals' Talent Connect program, which aims to bridge the skills gap between employers and talent. It does this through external and internal skills development solutions. Externally, it sources and upgrades the skills of untapped talent pools to fill in-demand roles, offering cost savings of 20-30% over standard hiring. Internally, it assesses organizations' needs and provides customized training to upgrade existing employees' skills. Case studies demonstrate successes in developing talent for roles like .NET developers, call center agents, and advanced Tableau users. The financial impact can include annual savings of tens of thousands of dollars when sourcing and upgrading talent versus standard hiring.
Similar to Addressing Operational Pain Points in International Enrollment Management (20)
Host Cheryl DarrupBoychuck continued the conversation about measuring Return on Investment in International Education, referencing roiie.com. She also explained how INTCAS' acquisition of FundsV impacts current and future clients of USjournal: Namely, colleagues can expect to maximize efficiencies in operations during the international admissions process.
Groningen Declaration: Digitizing Data to Empower Students, Improve Integrity...Cheryl DarrupBoychuck
Peek into the future of digital student data portability, driven by a generation empowered to actively control their online footprint. Learn how innovative technological advancements and thoughtful global initiatives are improving data integrity and operational efficiency.
In today's tuition-driven budget environments, measuring Return on Investment (ROI) has become a critical imperative. Join us for a live demonstration of a working model that enables colleagues to assign values to both quantitative and qualitative variables related to the entire International Enrollment Management cycle.
Peek into the future of digital student data portability – driven by a generation empowered to actively control their online footprint. Learn how innovative technological advancements and thoughtful global initiatives like the Groningen Declaration are improving data integrity and operational efficiency, and impacting the entire enrollment cycle.
Measuring Return on Investment in International Student RecruitmentCheryl DarrupBoychuck
The document discusses measuring return on investment (ROI) in international student recruitment. It provides an overview of defining ROI metrics and variables to consider. A case study from The George Washington University School of Engineering and Applied Sciences details their approach to categorizing international markets into maintenance, growth, and exploratory and adjusting recruitment strategies. A view from the UK discusses a platform that addresses risks and measures ROI through key performance indicators and stakeholder engagement across the student lifecycle.
Getting to Groningen: New Developments in Combatting Admissions FraudCheryl DarrupBoychuck
Learn about some fresh technological advancements and thoughtful global initiatives that are improving the efficiency and integrity of the international admissions process!
After students select their academic preferences, and inquire about specific colleges, universities and English Language Programs that advertise with USjournal, we invite them to elevate their inquiry status by satisfying the requirement to prove sufficient funds -- earlier in the international admissions process. The student's FundsV Profile is shared only with authorized campuses explicitly designated by the student, within USjournal and FundsV networks.
This innovative approach to international student recruitment features a sophisticated hybrid of electronic bank data transfer, coupled with a robust Document Management Solution. Contact cheryl@USjournal.com for details.
This document discusses strategies for international student recruitment and how USjournal can help maximize returns on recruitment travel. It promotes USjournal's services for international student recruitment including their inquiry form, social media channels, mobile-friendly design, and verification of student funds through their FundsV initiative. It provides details on upcoming events and encourages prospective and current advertisers to connect with USjournal regarding overseas travel, promotions, and attending information sessions.
Gain insight into emerging trends that will impact international student recruitment strategies in 2015 and beyond. For our video complement: http://youtu.be/OmPZl4kutVI
* Acknowledge that measuring ROI is complicated... but achieve-able
* Consider translating tailored content for the parents of prospective students
* Improve the efficiency of the *operations* end of your admissions cycle
* Integrate all of your promotional campaigns to maximize success
Contact cheryl@USjournal.com for details!
FundsV fundamentally supports the effective verification of financial capability for international admissions, through a sophisticated hybrid of electronic data transfer and a robust document management solution.
USjournal is an international student recruitment tool for current and prospective advertisers. It encourages immediate action through a prominent inquiry form and tracks inquiries from videos and completed forms. It has enhanced student-facing and colleague-facing social media channels. The FundsVerification initiative called FundsV verifies financial documents and has a demo on November 18th. USjournal is also redesigned with mobile users in mind. Prospective advertisers can review the space reservation form or contact Cheryl, and current advertisers can ensure connections to social media channels and consider multi-lingual promotions.
Privacy, Proof, and other Pain Points within International Enrollment Managem...Cheryl DarrupBoychuck
Explore the latest research and emerging solutions to specific operational pain points within International Enrollment Management, namely:
* Addressing the latest trends in data privacy and online security
* Facilitating the fight against fraud in financial documentation
* Detecting fraud in academic credential evaluations
* Measuring Return on Investment in international student recruitment
Session chair Cheryl DarrupBoychuck (USjournal.com and FundsV) will be joined by co-presenters Liliane Bauduy of Education Credential Evaluators, Mary Churchill of Salem State University, and Ben Waxman of INTEAD.
2020: Strategic Marketing within International Enrollment Management (NAFSA 2...Cheryl DarrupBoychuck
In the spirit of true, comprehensive International Enrollment Management, let’s take this conversation a step further: Now that you’ve got the attention of those prospective students, what do you do with it?
Facilitating the Fight against Financial Fraud: Celebrating Data Privacy Day ...Cheryl DarrupBoychuck
While combatting fraud is an on-going battle in international admissions, there are ways to improve efficiency and integrity in the advancement of global student mobility -- through a sophisticated hybrid of electronic transfer of online banking data coupled with a robust Document Management Solution. Learn more: http://vimeo.com/fundsv/works
FundsV addresses a critical admissibility indicator for most study abroad experiences: Showing evidence of sufficient funds to cover tuition and living expenses. FundsV empowers international students by providing a robust platform for them (and their sponsors) to securely point their online banking data to the authorized host that requested it.
Update to "Great Expectations" to consider in International Enrollment Manage...Cheryl DarrupBoychuck
To maximize efficiency of your international student recruitment strategy, you need to analyze your target audience's decision-making process. Aligning the "great expectations" of students, parents, administrators, faculty and staff will lead to greater success.
This document summarizes a presentation on managing international students' expectations and preparation. It includes three main sections:
1. Cheryl DarrupBoychuck provides an overview of trends in international enrollment management and operates multiple domains promoting US campuses.
2. Matthew Beatty discusses customizing recruitment materials to accurately manage student expectations and addresses challenges in international communication. He gives Indiana University as an example that provides information on costs and career services.
3. Pamela Barrett recommends using student satisfaction data to improve communication with prospective international students and understanding their decision making process and factors influencing different markets.
The document discusses communication challenges and opportunities related to international student recruitment and experience. It notes the increasing competition for international students, integration challenges, and gaps in recruitment marketing. Examples are provided of potentially misleading international student communications. The document proposes creating a state-of-the-art student lifecycle communication strategy to provide clear, concise content and evaluate metrics. It discusses communication and coordination strategies related to the application process, employment, costs, and student profiles. The goal is to communicate important information to students throughout their experience in a differentiated way.
We will explore the transformative journey of American Bath Group as they transitioned from a traditional monolithic CMS to a dynamic, composable martech framework using Kontent.ai. Discover the strategic decisions, challenges, and key benefits realized through adopting a headless CMS approach. Learn how composable business models empower marketers with flexibility, speed, and integration capabilities, ultimately enhancing digital experiences and operational efficiency. This session is essential for marketers looking to understand the practical impacts and advantages of composable technology in today's digital landscape. Join us to gain valuable insights and actionable takeaways from a real-world implementation that redefines the boundaries of marketing technology.
This session will aim to comprehensively review the current state of artificial intelligence techniques for emotional recognition and their potential applications in optimizing digital advertising strategies. Key studies developing AI models for multimodal emotion recognition from videos, images, and neurophysiological signals were analyzed to build content for this session. The session delves deeper into the current challenges, opportunities to help realize the full benefits of emotion AI for personalized digital marketing.
Unlock the secrets to enhancing your digital presence with our masterclass on mastering online visibility. Learn actionable strategies to boost your brand, optimize your social media, and leverage SEO. Transform your online footprint into a powerful tool for growth and engagement.
Key Takeaways:
1. Effective techniques to increase your brand's visibility across various online platforms.
2. Strategies for optimizing social media profiles and content to maximize reach and engagement.
3. Insights into leveraging SEO best practices to improve search engine rankings and drive organic traffic.
From Hope to Despair The Top 10 Reasons Businesses Ditch SEO Tactics.pptxBoston SEO Services
From Hope to Despair: The Top 10 Reasons Businesses Ditch SEO Tactics
Are you tired of seeing your business's online visibility plummet from hope to despair? When it comes to SEO tactics, many businesses find themselves grappling with challenges that lead them to abandon their strategies altogether. In a digital landscape that's constantly evolving, staying on top of SEO best practices is crucial to maintaining a competitive edge.
In this blog, we delve deep into the top 10 reasons why businesses ditch SEO tactics, uncovering the pain points that may resonate with you:
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2. Lack of Results: Investing time and resources without seeing tangible results can be disheartening. The absence of immediate results often leads businesses to lose faith in their SEO strategies. It's important to remember that SEO is a long-term game that requires patience and consistent effort.
3. Technical Challenges: From site speed issues to complex metadata implementation, technical hurdles can be daunting. Overcoming these challenges is crucial for SEO success, as technical issues can hinder your website's performance and user experience.
4. Keyword Competition: Fierce competition for top keywords can make it hard to rank effectively. Businesses often struggle to find the right balance between targeting high-traffic keywords and finding less competitive, niche keywords that can still drive significant traffic.
5. Lack of Understanding of SEO Basics: Many businesses dive into the complex world of SEO without fully grasping the fundamental principles. This lack of understanding can lead to several issues:
Keyword Awareness: Failing to recognize the importance of keyword research and targeting the right keywords in content.
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Technical SEO Best Practices: Overlooking essential aspects like site speed, mobile responsiveness, and crawlability.
Backlinks: Not understanding the value of high-quality backlinks from reputable sources.
Analytics: Failing to track and analyze data prevents businesses from optimizing their SEO efforts effectively.
6. Unrealistic Expectations and Timeframe: Entrepreneurs often fall prey to the allure of quick fixes and overnight success. Unrealistic expectations can overshadow the reality of the time and effort needed to see tangible results in the highly competitive digital landscape. SEO is a long-term strategy, and setting realistic goals is crucial for success.
#SEO #DigitalMarketing #BusinessGrowth #OnlineVisibility #SEOChallenges #BostonSEO
The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
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Mastering Local SEO for Service Businesses in the AI Era"" is tailored specifically for local service providers like plumbers, dentists, and others seeking to dominate their local search landscape. This session delves into leveraging AI advancements to enhance your online visibility and search rankings through the Content Factory model, designed for creating high-impact, SEO-driven content. Discover the Dollar-a-Day advertising strategy, a cost-effective approach to boost your local SEO efforts and attract more customers with minimal investment. Gain practical insights on optimizing your online presence to meet the specific needs of local service seekers, ensuring your business not only appears but stands out in local searches. This concise, action-oriented workshop is your roadmap to navigating the complexities of digital marketing in the AI age, driving more leads, conversions, and ultimately, success for your local service business.
Key Takeaways:
Embrace AI for Local SEO: Learn to harness the power of AI technologies to optimize your website and content for local search. Understand the pivotal role AI plays in analyzing search trends and consumer behavior, enabling you to tailor your SEO strategies to meet the specific demands of your target local audience. Leverage the Content Factory Model: Discover the step-by-step process of creating SEO-optimized content at scale. This approach ensures a steady stream of high-quality content that engages local customers and boosts your search rankings. Get an action guide on implementing this model, complete with templates and scheduling strategies to maintain a consistent online presence. Maximize ROI with Dollar-a-Day Advertising: Dive into the cost-effective Dollar-a-Day advertising strategy that amplifies your visibility in local searches without breaking the bank. Learn how to strategically allocate your budget across platforms to target potential local customers effectively. The session includes an action guide on setting up, monitoring, and optimizing your ad campaigns to ensure maximum impact with minimal investment.
Can you kickstart content marketing when you have a small team or even a team of one? Why yes, you can! Dennis Shiao, founder of marketing agency Attention Retention will detail how to draw insights from subject matter experts (SMEs) and turn them into articles, bylines, blog posts, social media posts and more. He’ll also share tips on content licensing and how to establish a webinar program. Attend this session to learn how to make an impact with content marketing even when you have a small team and limited resources.
Key Takeaways:
- You don't need a large team to start a content marketing program
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Did you know that while 50% of content on the internet is in English, English only makes up 26% of the world’s spoken language? And yet 87% of customers won’t buy from an English only website.
Uncover the immense potential of communicating with customers in their own language and learn how translation holds the key to unlocking global growth. Join Smartling CEO, Bryan Murphy, as he reveals how translation software can streamline the translation process and seamlessly integrate into your martech stack for optimal efficiency. And that's not all – he’ll also share some inspiring success stories and practical tips that will turbocharge your multilingual marketing efforts!
Key takeaways:
1. The growth potential of reaching customers in their native language
2. Tips to streamline translation with software and integrations to your tech stack
3. Success stories from companies that have increased lead generation, doubled revenue, and more with translation
Customer Experience is not only for B2C and big box brands. Embark on a transformative journey into the realm of B2B customer experience with our masterclass. In this dynamic session, we'll delve into the intricacies of designing and implementing seamless customer journeys that leave a lasting impression. Explore proven strategies and best practices tailored specifically for the B2B landscape, learning how to navigate complex decision-making processes and cultivate meaningful relationships with clients. From initial engagement to post-sale support, discover how to optimize every touchpoint to deliver exceptional experiences that drive loyalty and revenue growth. Join us and unlock the keys to unparalleled success in the B2B arena.
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In this humorous and data-heavy Master Class, join us in a joyous celebration of life honoring the long list of SEO tactics and concepts we lost this year. Remember fondly the beautiful time you shared with defunct ideas like link building, keyword cannibalization, search volume as a value indicator, and even our most cherished of friends: the funnel. Make peace with their loss as you embrace a new paradigm for organic content: Pillar-Based Marketing. Along the way, discover that the results that old SEO and all its trappings brought you weren’t really very good at all, actually.
In this respectful and life-affirming service—erm, session—join Ryan Brock (Chief Solution Officer at DemandJump and author of Pillar-Based Marketing: A Data-Driven Methodology for SEO and Content that Actually Works) and leave with:
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As 2023 proved, the next few years may be shaped by market volatility and artificial intelligence services such as OpenAI's ChatGPT and Perplexity.ai. Your brand will increasingly compete for attention with Google, Apple, OpenAI, and Amazon, and customers will expect a hyper-relevant and individualized experience from every business at any moment. New state-legislated data privacy laws and several FTC rules may challenge marketers to deliver contextually relevant customer experiences, much less reach unknown prospective buyers. Are you ready?Let's discuss the critical need for data governance and applied AI for your business rather than relying on public AI models. As AI permeates society and all industries, learn how to be future-ready, compliant, and confidentlyscaling growth.
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Primary Learning Objective
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Empowering Influencers: The New Center of Brand-Consumer Dynamics
In the current market landscape, establishing genuine connections with consumers is crucial. This presentation, "Empowering Influencers: The New Center of Brand-Consumer Dynamics," explores how influencers have become pivotal in shaping brand-consumer relationships. We will examine the strategic use of influencers to create authentic, engaging narratives that resonate deeply with target audiences, driving success in the evolved purchase funnel.
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Learn how your business's online presence affects outbound lead generation and what you can do to improve it with a complimentary 13-Point Trust Element Assessment.
The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
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Lily Ray, Vice President of SEO Strategy & Research at Amsive, explores optimizing strategies for sustainable growth and explores the impact of AI on the SEO landscape.
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12. Studying ROI:
Corporate World vs Higher Education
Initial Investment vs Subsequent Profits
Recruiting Expenses vs Tuition – Cost of Instruction
13. Studying ROI:
Corporate World vs Higher Education
Initial Investment vs Subsequent Profits
Recruiting Expenses vs Tuition – Cost of Instruction
Flaw: Tuition < Cost of Instruction,
so Profits are usually negative
23. The Rise of Stealth Applicants
Traditional enrollment funnel has dissolved
Students applying without prior contact
Introduced into database as “applicant”
Accept lack of complete control of your
institutional message
29. How to differentiate in a
complex, global marketplace
•
•
•
•
•
Identify your strengths
Target specific audiences
Consider multi-lingual campaigns
Focus on video promotions
Streamline operations
30.
31.
32. Operational Pain Points in IEM
• Measuring ROI
• Return on Investment
• Process over Promotion
• Proving sufficient funds
Thank you for joining us! I am CDB, head of USjournal.com and FundsV. USjournal has been online since 1996, recruiting international students in 16 different languages for a select group of U.S. campuses. FundsV is our funds verification initiative, empowering students and their sponsors to point their online banking data to the authority who requested it.
In my professional volunteer capacity, I serve on the Editorial Board of NAFSA’s award-winning magazine, International Educator. Of course, we pay a lot of attention to reader statistics, not only for the digital version of the magazine, but for other NAFSA publications – including NAFSA.news, a weekly newsletter to our 10,000 or so members.
Not surprisingly, the Simon Award winners announcement in February was once again the most popular story of last year. You’re probably familiar with this recognition of innovative campus internationalization ideas.
The second-most popular cluster of trending data focused on the financial component of international student recruitment. In August, for example, there was an article about how enrolling large numbers of foreign students can help universities balance budgets, but the practice is not without controversy. In March, NAFSA covered the phenomena of institutions creating state-wide networks to improve recruiting efforts. In April, the hot topic involved how some states are proposing surcharges only for international students.
These financial considerations are “pain points” in the industry, and colleagues are clearly searching for solutions to heal those issues. I hope I can help. http://undercdn.under30media.netdna-cdn.com/wp-content/uploads/2013/09/pain1.jpg
We’ll focus on a few particular pain points this morning: How to effectively measure Return on Investment of your recruitment dollars, and considering how “process over promotion” can drastically improve your yield from generic, initial inquiry to enrolled student who is obviously generating tuition revenue.
First, let’s talk about ROI metrics. For a while, a few years ago when I volunteered as Network Leader for what’s now NAFSA’s International Enrollment Management Knowledge Community, I was pretty much obsessed with measuring the value of international students by calculating numbers with dollar signs in front of them. The industry was desperate to fill its “toolbox” of examples of different types of recruitment initiatives, along with the resulting revenue generated by those particular efforts. And in all honesty, figuring this outwas in my own self-interest. I needed to prove that my organization, USjournal.com, could recruit students via online promotions, more cost-effectively than any other medium. http://www.nafsa.org/interactive/core/orders/product.aspx?catid=5&prodid=187
I got to thinking: ROI Metrics might not be so bad. Maybe someone (not me) ought tocreate a complex formula to measure ROI, similar to how they measure the quality of the world’s foremost brands like Apple, Google or Coca-Cola. Well, international student recruitment just isn’t the same. Aside from clear-cut cases, users would end up entering their own variables whereyou’d need to make a lot of assumptions that, in my mind, render the data inadequate. Tracking student behavior is complicated. Consumers aren’t always as rational as we’d like them to be. Too many “quantifiably elusive factors”.
Why is it increasingly difficult to measure Return on Investment? Because consumers – including prospective international students and their parents – are fed up with marketers abusing their data. And security software vendors are responding with ways for those users to go “incognito,” which is an increasingly popular option embedded in Google Chrome.
The company “Avast” provides another anonymity option, dedicated to “making yourself invisible” online – namely deleting cookies and other tracking software that most marketers have grown to rely on. This type of software effectively distorts “click-through” statistics on inquiry-generating sites.
California just recently amended its online privacy policy law regarding the collection of personally-identifiable information. The new law applies to any website used by Californians, meaning nearly every website will have to comply.
Of course, video has got to be done right. And done UNIQUE. Here’s why.Monsters University: http://monstersuniversity.com/edu/http://youtu.be/EZpUISEk5JM
The point is, it’s incredibly difficult to differentiate yourself among three or 4,000 institutions of higher learning in the United States. It’s challenging, but not impossible. Focus on your strongest academic programs that appeal to specific audiences. Make your decisions based on solid research. Here are just a few facts.
It is interesting to note that Google AdWords for video is now powered by YouTube. Google and other pay-per-click advertising platforms now offer the very same features for precision-marketing campaigns. You can specify when you want your 90-second video to display in search results, according to what key words and key phrases users enter, in specific languages, in specific geographic regions around the world.
You can glean a lot of data from those types of highly-targeted campaigns, as well as tools such as Google Analytics – which goes a long way in measuring ROI. I want to move on to another big operational pain point in International Enrollment Management, suggesting that “process” may be even more critical than promotions, in terms of differentiating your campus from your peer institutions.
This Forbes' article noted that consumers crave simplicity. The key to positively impacting purchase decisions and brand loyalty is to simplify the purchasing process.http://www.forbes.com/sites/patrickspenner/2012/07/02/marketers-have-it-wrong-forget-engagement-consumers-want-simplicity/
Clearly, there’s a lot of room for improvement in streamlining the U.S. admissions process – and significant opportunity to differentiate from your peer institutions. Did you know thatthe average ratio of applications per admission officer nearly doubled from 2005 to 2011. Some would say, that’s great! We’re reaching out to a broader audience. I’d argue that we need to consider the currently-complicated operations end of the equation, and maximize efficiencies where we can.
We desperately need to take advantage of technology to streamline the operations of every element within International Enrollment Management. With the transparent nature of the marketing environment, prospective students must make their admissions decisions based on other factors. Like a simple admissions process. I would even go so far as to say that *process* will surpass *promotion* in terms of importance in advancing global student mobility. I think we’ll get to the point, very soon, where student applicants will judge a campus (at least partially) based on the admissions process – the actual operations end. For example, how can you possibly boast about your innovative classes, when you’re still demanding that I send you paper documents? That just doesn’t ring true.
Let’s focus on the earliest part of the admissions process, where of course you have two primary admissibility indicators: Is this student prepared from an academic perspective? And also, can the student prove sufficient funds, to meet the requirements of the federal government? If we can efficiently address those two very basic indicators, then we, as admissions counselors, can devote more of our limited time and resources to the more nuanced segments of admissions, and actually communicate with prospective students most likely to enroll. How does that happen? Let’s look specifically at the funds verification component, which is a largely paper-based process.
Even when you consider scanned documents, that inherently means that you begin with a piece of paper. If “paperless” is your goal, then that means “without paper.” And that means, the data is transferred electronically – without the need to eyeball bank logos or signatures. In the case of FundsV, only the bank account data is transferred electronically – images are not transferred.
Here are some projections related to eCommerce growth, which of course run parallel with online banking. You’ll recognize a few of these countries, of course, as top sending countries of international students. http://mediam1.files.wordpress.com/2013/07/global-ecommerce-markets-what-opportunities-exist-for-online-retailers_51da7beb959b5.jpeg
Technology currently exists to empower prospective international students, and their sponsors, to point their online banking data to the authority who requested it. Here’s an example of one campus who has embedded this technology to significantly improve international student admissions yield or conversion from a generic student inquiry to a qualified applicant and eventual enrollee -- boosting the efficiency and integrity of the funds verification process.
While we certainly need to consider all available tech tools at our disposal, we need to understand that the latest technology is not always the answer. For example, FundsV does not do social media; we’re dealing with sensitive financial data, and Facebook or Twitter is not the platform to discuss that type of information. We also had some decisions to make about the level of support we provide. “Live chats” are appropriate, for example, but it is not appropriate for our support team to remotely access any of our user’s computer screens, as is the case with some tech issues. We also addressed data storage issues.
During our FundsV beta, students and sponsors were able to easily “refresh” their bank account data: Very convenient. From an operational perspective, that meant that we had to store those log-in credentials in our system somewhere. When you do the math, it takes less than one minute to transfer data through our secure system. That’s more than half a million (525,949) minutes per year. Students register at FundsV for a two-year period, which means that data would be stored in our system for more than a million minutes (1,051,898). During our beta period, our volumes were low, and we didn’t have any issues. Still, our exposure to risk was way too high, even in our tightly-controlled environment.
When we emerged out of beta last year, we realized we had to prepare for much higher volumes. And we decided that our exposure to risk, if we stored all that banking data, was simply not worth it. Now, FundsVsaves a snapshot of that historical data, but we do notsave log-in credentials to any user’s bank account. If the user wants to refresh account balances, he or she must re-enter their bank account credentials each time. A bit inconvenient and a little less user-friendly than we’d like… But a lot more user-friendly than dealing with the backlash of a hack. Of course, some level of risk will always exist.Level of risk, before: 1.0Level of risk, after: 0.000001
What can you do, from an operations perspective, to reduce your risk in International Enrollment Management? What can you do to maximize efficiencies? What can you do to go from broadcasting your marketing message, to narrow-casting it, so you can more easily track your Return on Investment? The answers are constantly evolving, but hopefully those “pain points” will hurt a little less. Any questions? I’m happy to share this slide deck with you. Thank you!