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The VET Market

The VET Market

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The VET Market

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Presentation Transcript

  1. The VET Market Jim Davidson Department of Education, Employment, and Workplace Relations

  2. Overview of VET market The Industry

  3. Forces Governing the Market The Industry Rivalry amongst existing competitors

  4. Other Providers • Universities • Schools Threat of new entrants The Industry Rivalry amongst existing competitors

  5. Threat of new entrants The Industry Bargaining power of customers Rivalry amongst existing competitors • Students have more information • Why do some students not choose VET? • Student contribution

  6. Threat of new entrants The Industry Bargaining power of customers Rivalry amongst existing competitors Threat of substitute products and services • Work-based training • Private accreditation • E - Learning

  7. Threat of new entrants The Industry Bargaining power of customers Bargaining power of suppliers Rivalry amongst existing competitors • Government purchasing arrangements • Increasingly market driven approach • The VET professional Threat of substitute products and services

  8. Threat of new entrants The Industry Bargaining power of customers Bargaining power of suppliers Rivalry amongst existing competitors Threat of substitute products and services

  9. Thank you