Your business plan
Your business plan needs to be clearly set out and well presented. It should be focused and tailored to sell your abilities and the advantages for your organisation, as well as dealing convincingly with the pros and cons of your choice of school and method of study. Review your plan from your sponsor’s viewpoint and, if appropriate, prepare it in your organisation’s house-style. We suggest you include:
An executive summary ■ Your choice of school and the
Proposed business school and programme of study
The rewards for the company A description of the benefits in the short and long term. These may include: ■ Increased retention – you are more likely to stay with them ■ Increased motivation ■ Better ‘on the job’ performance; you will be more effective at work, generating new ideas to resolve business issues. You will also bring back to your organisation many proven tools, ideas and best practice, as well as be able to apply your new knowledge with a greater awareness of the wider business environment ■ Your new ideas and fresh-thinking can make an immediate and positive impact on the organisation. Just one innovative idea could pay for the entire programme ■ This programme offers the opportunity to study a particular area of relevance to your role with the option to continue on to gain further expertise ■ Your expanded networking opportunities with like-minded individuals will not only be of benefit to you but to your employer as well. Also consider preparing counter-arguments for any risks associated with the sponsorship that your organisation may raise.
The financial & time implications ■ Fees for the different qualification levels, including payment dates ■ Timetable of the programme ■ We would recommend that you produce a schedule of anticipated costs and make sure you know who will be responsible for what. Development You may want to include suggestions on how you would envisage making the most of your new knowledge and skills, especially in subject areas which are outside of your usual role and sphere of influence. This might include: ■ Being allowed access to other areas in the organisation, both to help your study but also to help knowledge transfer ■ Taking on enhanced responsibilities ■ Being mentored by a senior colleague ■ Discussion of your career prospects upon completion of the programme. The timescale ■ The date by which you would like/need a decision ■ The start date of the programme and other relevant dates.
type of programme you want to do, emphasising elements which may appeal to your employer
Your employer will want proof that they are buying into a really good quality programme, so you may want to include a comparative table with criteria such as: ■ Reputation, facilities, flexibility, student contact and participation, faculty (size, research, consultancy activities), programme content, rankings and costs. Why Warwick specifically? ■ International faculty – leaders in research and teaching, highly regarded consultants to businesses ■ A programme that is delivered in collaboration with the Bank of England Outline the benefits of the Global Central Banking & Financial Regulation qualifications for you ■ Self-development ■ Broadens your technical skills and provides a wide knowledge of a range of different tools, models and work practices ■ You will be able to apply theory to your day-to-day work and reflect upon the practicalities of the real world ■ Evidence of your professional learning while gaining new skills and insights through cutting-edge research and the latest thought-leadership ■ Being part of a global cohort, allowing you to develop your professional network and understand different cultures and work practices.
■ The cost to the company in terms of fees and/or time, as well as your contribution in terms of time and effort ■ The scope for return on the company’s investment – highlight how the company will benefit from your participation. Background ■ The relevance of the Global Central Banking & Financial Regulation qualifications in the current economic environment for you, your department, the company and the sector. For example, your current personal and professional development needs, the business unit’s circumstances and the specific needs of the unit and the company ■ The value of the programme to current and future needs of the company (e.g. growth/downsizing, change, competition, internationalisation) ■ Identify the objectives to be achieved; you may want to include information here about the sort of role that you envisage having within the company once you have completed the programme, or outline some ways in which you think the company could make the most of your new skills and knowledge.
Suggested appendices in support of the plan ■ Your CV ■ wbs.ac.uk/go/banking ■ Other relevant information about Warwick Business School
4 Funding the Global Central Banking & Financial Regulation qualifications
Global Central Banking & Financial Regulation
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