Funding options
Your business plan
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 ■ You will have the opportunity to address current work issues in the class environment and as part of the assessed study programme ■ In addition, you will carry out a consulting project or dissertation. If you choose an internal consulting project, you will focus on solving real problems facing your organisation. A participant on the Global Online MBA describes how he used his consultancy project as a way of showing the value of his MBA to his employer: ‘My company is fairly financially-focused so I took the tack of demonstrating that they would be able to save a significant amount of money on external consulting fees by asking me to direct my project and dissertation towards an appropriate area of analysis.’ ■ Networking opportunities (faculty, students and alumni). Also consider preparing counter-arguments for any risks associated with the sponsorship that your organisation may raise.
The timescale ■ The date by which you would like/need a decision ■ The start date of the programme and other relevant dates. Suggested appendices in support of the plan ■ Your CV ■ warwickmba.com ■ Other relevant information about MBAs/Warwick Business School
The financial and time implications ■ Fees, including payment dates ■ Timetable of the programme showing when you would need to attend ■ We would recommend that you produce a schedule of anticipated costs and make sure you know who will be responsible for what. Include the less obvious charges such as accommodation, travel, additional seminars etc. 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 MBA.
14
The Warwick MBA 2025
warwickmba.com
15
Made with FlippingBook Learn more on our blog