Would you invest in TAFE?

So I have been talking recently about the concept of federalising VET funding and what that would mean for various parts of the sector and offered some thought about how the State owned public providers, TAFE, could adapt to a funding mechanisms where they were not necessarily prioritised by the State government that owned them, and how different models might work out.  So over the weekend, while building our new chicken coop, (there is no connection, I just do my thinking in strange places), I was thinking about various options.  Given that TAFEs are state-owned entities this limits to some degree the amount of flexibility they have in terms of raising funds to be used for various purposes,  I thought to myself, if there was an opportunity to invest in TAFE would I be willing to take it.

So here is my question for the day.  If through some mechanism, share market float, private equity arrangements, or some other model, people were able to invest in TAFE would you and more importantly would you need to know or what structure would need to exist in order for you to be willing to do this.

If we were to look at the concept of an IPO or share market float, where for example the Queensland state government retained something over 50% of the ownership of TAFE and the rest of the TAFE was open for the Queensland public, or Australian public to purchase an interest in (in the form of shares), would you invest and would the general public of Queensland look on it as an opportunity to be part of the education of the state and be willing to put money into the system.

As most of you know I like to play games with ideas like this in head, so I would be really interested in hearing the thinking of other people about this little kernel of a concept.

 

 

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About pauldrasmussen
Paul is the winner of the 2013 Leadership in VET Quality Award and the 2013 LearnX Learning Manager of the year award. A Thought Leader and Speaker on Organisational Learning, Professional Development, Motivation, Leadership, Management and Professional Ethics, he speaks widely and has published work on the areas of Learning and Development, Learning ROI, Business, Management, Leadership and Ethics. With Qualifications in Ethics and Bioethics, Organisational Learning and Development, Training, and Business Management and Leadership, Paul has worked in and with a wide range of public, private, government and not for profit organisations. He is currently the National Training Manager for Spectrum Training and the principal consultant with Rasmussen Learning. Specialties: • Organisational Learning and Development • Ethics (Business, Professional and Theoretical) • Learning Management and ROI • Professional Speaking • RTO Management • E-Learning • Management • Leadership • Learning Management Systems

2 Responses to Would you invest in TAFE?

  1. Jim Davidson says:

    NOPE. Tafes is a government operation and like most government operations is: Defensive, over managed by less than capable people at times, inefficient, fails to meet work future requirements and seems to only achieve academic outcomes that suit themselves more than the working world.
    It produces qualifications but not practical ability.

  2. salutations,
    My perception of the above question is compared to would you invest in yourself. My experience of the system EDU and TAFE run hand in glove as industry based learning: the intensity of which runs skills merited parallel to industry dynamics current and future… I believe currently the organisational structure is fit for purpose and should be retained owned and controlled as a government (which I take to mean ‘of the people’) asset all the best thank you for sharing kind regards caroline

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