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Which clippings match 'Economic Downturn' keyword pg.1 of 1
26 NOVEMBER 2012

Skillset Academi+ supporting the Welsh creative industries

"Skillset Academi+ was first piloted in Wales from 2009 to March 2011, during which time the scheme assisted over 350 industry professionals by running 54 courses. Having used this opportunity, which was funded by HEFCW, the Academy has fostered new partnerships with experts and has proven a track record of targeted training appealing to a wide cross sector of the industry. In 2012, the second phase of training will be funded by the EU's Convergence European Social Fund (ESF) through the Welsh Government. ...

The impact of digital technology, combined with the recession, has increased the speed of change within the Creative industry, transforming the way in which we operate. The focus of Skillset Academi+ is to enable Welsh companies and freelancers to re–skill through high quality and flexible training that is entirely tailored towards real industry needs in this digital age.

The concept for this training programme draws on hard evidence produced by Skillset on the impact of the recession and changes in digital technology on the Creative Media sector in Wales. Recently gathered research shows which skills are needed to help companies and freelancers weather the economic downturn and come out the other side with a competitive edge.

The content of courses offered by Skillset Academi+ has been shaped by feedback from industry practitioners on priority skills gaps and training needs."

(Skillset Academi+)

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TAGS

2012 • Aberystwyth University • Cardiff Metropolitan University • changes in digital technology • competitive edge • Convergence European Social Fund • CPDcreative industriescreative media industries • creative media sector • Creative Skillsetdigital agedigital technologyeconomic downturneconomic recession • ESF • flexible training • freelancers • HEFCW • impact of the recession • industry needs • industry practitioners • industry professionals • re-skill • skills gaps • Skillset Academi+ • speed of change • Swansea Metropolitan University • targeted training • the way we operate • training • training needs • University of Wales Newport • upskill • Wales • Welsh Government

CONTRIBUTOR

Simon Perkins
09 NOVEMBER 2010

How Open Innovation can help you cope in lean times

"In a challenging business climate, focus is crucial. But companies face a real dilemma: how to maintain that focus and manage costs tightly while keeping growth options alive for the future. Deferring or canceling less promising initiatives that might have been pursued in good times allows a business to survive and eventually thrive again. Many companies give attention and resources only to the projects that are most likely to generate near–term profits, and they end up deciding quickly which initiatives fit best with the company's core business. It's a smart short–term strategy.

The downside of rigorous prioritization, however, is that it halts many potentially promising projects at an early point in their development and leaves them stranded inside the company. Over time, so many projects get abandoned that the company's ability to grow beyond its core business is threatened. If focus is maintained for too long or with too much rigidity, it can become the enemy of growth. When the market recovers, the company lacks a foundation from which to rebound."

(Henry W. Chesbrough & Andrew R. Garman, December 2009, Harvard Business School Publishing)

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TAGS

2009applied research • business climate • core business • economic developmenteconomic downturneconomic growthenterpriseHarvard Business Schoolinitiativesinnovationopen innovationprojectsR&Dresearch collaborationresources • rigorous prioritisation

CONTRIBUTOR

Simon Perkins
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