Assignment Task
SCENARIO
The company
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Get Help Now!XYZ Pty Ltd trading as MMI Professional Education is an Australian boutique education provider in Melbourne Registered Training Organisation -RTO), offering VET accredited and non-accredited business courses to corporate clients and local clients (domestic students). MMI was founded in 1998 by brothers Mark and Andrew White who built the company to become a quality RTO with major accounts in Melbourne, Sydney, and Brisbane. Mark Brown sold his shares to his brother Andrew who is the current chairman of the company. The education provider is centrally located in Collins Street, Melbourne CBD with state-of-the-art facilities:
o Administration and Management Offices (including the main boardroom, 2 meetings rooms and a computer lab with 20 PCs) on Level 45
o 15 Classrooms, kitchenette, client lounge room and a trainers' room on Level 46
Corporate training is mainly non-accredited and delivered at the clients; premises around Australia, but it can also be catered for at Collins Street. Corporate clients include major Bank groups, National Management Consultancy firms, Manufacturing companies and Government agencies. Accredited courses are delivered in Collins Street with a combination of face to face and online training delivery. The accredited courses are the Diploma of Business and the Diploma of Project Management. MMI has a current capacity to enrol 500 clients; current enrolment number is 250 clients.
Important note:
o A VET accredited course has been assessed by the Australian Skills Quality Authority (ASQA) as compliant with the Standards for VET (Vocational Education and Training) Accredited Courses and the Australian Qualifications Framework (AQF). Accreditation means that the course is nationally recognised and that the registered organisation (RTO) can issue a nationally recognised qualification or Statement of Attainment (this for single units only).
o Non-accredited courses are business courses that have been highly customised to meet clients; training needs. The current organisational structure is as follows:
The Teams are as follows:
Board of Directors
o Mr Andrew White – Chairman
o Ms Francis Green – Executive Director
o Mr Eli Brown – Non-executive Director
o Ms Josephine Magenta – Non- executive Director
o Ms Deborah Red – CEO
o Mr Leonard Black – CFO
- Finance Department: CFO and 2 x financial officers (full-time) Summary of duties: account receivable, account payable; invoicing; payroll; financial record
- keeping and reporting; taxes/fees
- Marketing Team: Manager (full time) and 1 x marketing officer (part-time) Summary of duties: promotion; design of marketing collaterals for events; social media; market research; public relations
- HR Team: HR Manager and 2 x admin officers (part-time):
Summary of duties: Recruitment; Induction and training; performance management support; employee relations; safety; compensation and benefits
Company Ownership structure
The company structure is Pty Ltd:
- The Chairman Andrew White holds 51% of the shares
- 40% of the shares are held by an external corporation since late 2017, as a silent business partner
- The remaining 9% is owned by other members of the Browns family
Vision
Our vision is to develop outstanding individuals through quality business training that encompasses personal and professional growth.
Strategic Objectives:
- To expand the basis of the operation to Sydney where the company has experienced a high increase in demand for corporate training
- To increase revenue by 10% annually for the next 3 years
- To increase profits by 10% annually for the next 3 years
- To position the company as a leader for quality business education in Australia within the next three years
- To expand the course offering by adding new qualifications to the scope of registration: the Diploma of Leadership and Management and the Advanced Diploma of Program Management
- To increase the base of local clients attending accredited courses
- To implement sustainability to work practices: social, financial, and environmental
- To expand the offering to international students by repackaging accredited business courses to add an internship component during the course.
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