STRATEGIC IMPERATIVE 1 - Increase MBE Business Opportunities
Strategic Imperative #1 is designed to develop and implement new ways to increase certified minority-owned business engagement and opportunities with both Buying Entities and other minority-owned businesses.
Traditional methods include Hard Hat Construction Expo, ACCESS Business Expo, State of Texas Spot Bid Fair, Quarterly Buyers Luncheons, MBE Input Committee General Sessions and various industry related session like Dallas ISD Day and Fort Worth ISD Day.
The working group is concentrating on new ways to further increase business opportunities. These include:
- Determining what Buying Entities are looking for in terms of pre-qualifications, specific sourcing needs and emerging sourcing needs.
- Examining methods to promote and increase MBE-2-MBE connections and opportunities.
- The Minority Business Development Agency — Dallas Fort Worth Business Center (operated by the Council) also plays an important role in helping to connect minority-owned businesses with government and private sector opportunities. The MBDA offers a monthly Business Networking Breakfast.
STRATEGIC IMPERATIVE 2 - Build MBE Capacity Through Tiered Programming
Strategic Imperative #2 has developed a curriculum of tiered programming to assist certified minority-owned businesses increase their capacity, improve operations and build sustainable businesses. The tiered programming has been divided into three separate directions:
- A developed curriculum that introduces certified Minority Business Enterprises (MBEs) to corporate-taught courses related to Finance, Operations, Marketing, Sales, Strategic Planning, Succession Planning and Technology. (A complete schedule related to the curriculum can be found HERE.
- D/FW MSDC Mentoring Program. The inaugural program began July 2018 and will complete June 2019.
- C-Suite Speaks forums are designed for larger MBEs to participate in a session with the CEO of a Buying Entity Partner and learn more about the day-to-day challenges and how leading CEOs conduct their business. Topics range from time management, change management, leadership, metrics and more.
The MBDA offers a number of specialized seminars related to SBA 8a certification, Access to Capital and financing alternatives available.
STRATEGIC IMPERATIVE 3 - Build Access To Quality (Capable) Minority Suppliers
Strategic Imperative #3 is a new addition to the initial five strategic imperatives being tackled. This imperative is focused on building access to quality (Capable) minority suppliers. Much of the work occurring with this particular group is looking at being able to determine the needs (current and future) of Buying Entity Partners – especially in those areas where there are few or no MBEs currently. This imperative coincides with work being done as part of Strategic Imperative #1.
Once areas of needs can be identified, this imperative can look for means of identifying minority-owned businesses who might fit the needed profiles. An example would be a minority-owned business currently working in the federal government sector that can meet some of the requirements and needs in the private sector, but they may not be minority certified or aware of existing private sector needs.
STRATEGIC IMPERATIVE 4 - Advance Diversity Programs Focused On Minority Inclusion
Strategic Imperative #4 is about advancing Supplier Diversity Programs focused on minority business inclusion. The aim is to provide support and education around supplier development programs to create sustainable and impactful programs among the Council’s Buying Entity Partners.
The Council has a Supplier Diversity Professionals Working Group which meets on a bi-monthly basis. This entity has worked closely on S.I. #4 to help improve supplier diversity programs.
- Conducted a Supplier Diversity Professionals needs assessment survey which outlines key areas in which SDPs need assistance. This includes examining ways the Board of Directors could provide additional emphasis and support among board member companies and non-board member companies.
- Benchmarking of programs
- BUY THOSE THAT BUY USTM Best Practices which are shared with everyone. The BTTBUTM White Paper outlined “Best-in-Class” best practices achieving real results with minority business utilization. Part of the criteria of being chosen “Best-in-Class” was that the practice could be duplicated by other organizations.
STRATEGIC IMPERATIVE 5 - Improve Organizational Infrastructure
Strategic Imperative #5 is targeted to implementing elements that improve the infrastructure of the Council. In particular, this working group looked at several key areas:
- Updating the Board of Directors Information/Resource Package and policies for sign-off, i.e. Conflict of Interest, Whistleblowers, Sexual Harassment, etc.
- Restructuring the staff position for Manager of Corporate Services to be focused upon obtaining new members
- Obtaining a software solution to enhance matchmaker capabilities. This includes creating MBE profiles and developing a database of buyers and supplier diversity professionals who are a part of the membership.
STRATEGIC IMPERATIVE 6 - Recognize and Use Board Members’ Subject Matter Expertise
Strategic Imperative #6 is designed to recognize and use Board Members’ Subject Matter Expertise. The imperative is focused on two key areas to enhance the experience for directors on the board:
- Provide avenues for the executives on the board to meet and share experiences related to procurement, supplier diversity, supply chain etc. This includes working with S.I. #1 to examine the impact of supplier diversity programs and how to measure impact.
- Buying Entity members and their companies are being utilized to share knowledge and expertise during the Quarterly Buyers Luncheon and in the MBE Academy.
- Providing an informal opportunity for the board members to mingle with and/or without significant others in order to get to know each other better.