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The Neil D. Levin Graduate Institute of International Relations and Commerce

Competitive Response to Globalization. The Neil D. Levin Graduate Institute of International Relations and Commerce The State University of New York www.levininstitute.org. SUNY LEVIN Institute. A Global platform in NYC for the State University of New York – NY in the World

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The Neil D. Levin Graduate Institute of International Relations and Commerce

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  1. Competitive Response to Globalization The Neil D. Levin Graduate Institute of International Relations and Commerce The State University of New York www.levininstitute.org

  2. SUNY LEVIN Institute • A Global platform in NYC for the State University of New York – NY in the World • Center for Competitive Response to Globalization - Learning programs for businesses and individuals. • Global Crossroads – thought leader/convener/bridge builder among NYC and global leaders. • JumpStart NYC & FastTrac - Supports entrepreneurs, transitions careers, strengthens NYC’s talent base.

  3. Center for Competitive Response to Globalization • Recent SBA Grant to help small businesses and individuals cope with challenges of global competition • FastTrac – education for entrepreneurs • JumpStart NYC – talent transition from large to small • Going Global (TBD) – business skills for globalization • NY in the World – research and public engagement project on impacts of globalization on NYC and State.

  4. JumpStart NYC NYC EDC initiative to retain and retrain professional talent in the city, and connect it with entrepreneurial companies. Basic format of JumpStart NYC • Participants are NYC residents – finance or media background • No cost to participants or companies • One week “bootcamp” of instruction at Levin • 8-10 week action-learning project at small NYC firm • Coaching, mentoring, networking, and capstone sessions Goals • New skills, network, mentoring & supportive team • Opportunity to practice new tools of the trade • Double Dividend for firms – access to talent

  5. Bootcamp

  6. JumpStart NYC Spring 2009 Pilot program • Participants: • 140 applications for 50 slots • Average years’ work experience: 15 • Over half obtained jobs or viable opportunity for paid work • Rated program 4.7/5.0 • Companies: • 75 companies submitted over 100 projects • Diverse industry mix: IT and tech, media and online, financial and other services • JumpStart exceeded company expectations • Extensive favorable media coverage

  7. Reviews • Participants: • “Virtually everyone felt that they learned a ton about working for a smaller company and developing in a new area.” • “So many plusses, it’s hard to list them… It was like business school plus… I went to a great business school, and this program met and exceeded that benchmark.” • “A great experience…” • Companies: • “Unbelievable access to talented individuals…” • “[A]n amazing opportunity for [the] giant pain NYC is experiencing with six-figure job losses in financial services… Everybody wins…” • “Never did we imagine the amazing impact this program would have on both our business model and our bottom line.” • “[A] very noble yet pragmatic program.” • “Our consultant hit the ground running… Her work was brilliant, and we have continued to work with her since the program formally ended.”

  8. Media Coverage • Wall Street Journal • Business News Network • Business Wire: • BBC News World Today • The New Yorker: Take Two • Workforce Management: New Act For Former Wall Street Workers • NY1: Program Offers Jumpstart On New Careers • BBC News story: Spring brings changes in New York • NY Times • NY Daily News • The Ladders Blog: Would You Work for a Small Company?

  9. FastTrac

  10. Enrollment for FastTrac NewVenture and GrowthVenture • 505 people enrolled as of October 2009 (goal of 800 by March 2010) • 18 courses completed (goal of 29 by March 2010) • 414 entrepreneurs and business owners graduated • 82% graduation rate Demographics • 63% of FastTrac NewVenture participants are unemployed • 16% of FastTrac NewVenture participants come from the financial sector • Top three sectors of FastTrac businesses are Professional/Scientific Services (25%), Retail Trade (20%), Information/Media/Internet (15%) • FastTrac serves participants from all five boroughs

  11. Customer Satisfaction at end of course • “The FastTrac course ___ my expectations” • 100% of NewVenture: met or exceeded • 95% of GrowthVenture: met or exceeded • “ I would recommend the FastTrac program to others” • 100% of NewVenture: Strongly agree or Agree • 95% of GrowthVenture: Strongly agree or Agree

  12. Follow-up Evaluations: Program Goals “The knowledge and skills I learned from the NewVenture program helped me start my business” (63 respondents) • 22% Strongly agree • 56% Agree • 17% Neutral • 3% Disagree • 2% Strongly disagree “The knowledge and skills I learned from the GrowthVenture program helped me grow my business” (26 respondents) • 38% Strongly agree • 54% Agree • 4% Neutral • 4% Disagree • 0% Strongly disagree

  13. Follow-up Milestones for NewVenture Graduates “Since finishing the program, I have accomplished the following:” (63 respondents) • 49% repositioned business idea • 43% wrote a business plan • 32% established legal structure • 17% set up an accounting system • 35% made first sale • To date, 35% of NewVenture graduates that responded to a survey have launched their business (22)

  14. Follow-up Milestones for GrowthVenture Graduates “Since finishing the program, I have accomplished the following:” (25 respondents) • 12% hired more employees • 48% stimulated more revenue • 12% applied/received financing/capital • 76% adjusted marketing plan • 36% conducted market research • 28% set up/made changes to accounting system • 8% applied for permits/licenses • 56% repositioned business strategy • 12% other • To date, 48% GrowthVenture graduates that responded to a survey have successfully increased their revenue (12)

  15. Going Global • New Program for 2010 • Focus on helping companies take advantage of globalization opportunities. • Increase Exports • Develop Overseas Partners • Effectively participate in Global Supply Chains

  16. NY in the World • Study of Impacts of Globalization on the City and State of New York • Research and Public Engagement Project – Begun 2009 • Funded by Carnegie Corporation • Aim to include Small Businesses in both Research and Public Engagement. We may ask your help in reaching out to them

  17. Levin Contacts • Thomas Moebus, VP thomas.moebus@levininstitute.org 212-317-3570 • Helene Rude, Director - Educational Programs helene.rude@levininstitute.org 212-317-3568

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