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In this episode, I explore how two of my passions can be combined: strategy and the importance of focusing your resources on the things that will make a difference, and bursary provision within independent schools and the way that it can impact on social mobility. I consider the questions that you need to ask and the options you have going forward as you craft your bursary strategy.
I begin by defining what I mean by bursaries and bursary strategies. I outline the differences between a bursary and a scholarship, and note the increasing shift towards means-tested bursaries in the UK and a subsequent shift towards fundraising campaigns and away from capital campaigns.
After defining bursaries, I look at the how the 'four building blocks of strategy' can help structure your thinking around strategy. I look at the strategic choices you need to make as you define your big picture, long term vision for bursaries in your school. I outline possible accelerators and sticking points: internal strengths and weakness and external opportunities and threats. I look at how you can identify the general approach to overcoming the sticking points and, finally, I reinforce the importance of an action plan.
Defining Bursaries (01:40)
Four building blocks of strategy (04:42)
Your vision and strategic choices (05:18)
Accelerators and sticking points (17:14)
Identifying the general approach (22:23)
The importance of an action plan (23:26)
References and resources
Episode 004: The outlook for commercial income with Andrew Cook, Repton School at: http://www.consultjuliet.co.uk/004
Episode 009: Reimagining your fundraising case for support at: http://www.consultjuliet.co.uk/009
Episode 013: Strategy: Four essential building blocks (Strategy Toolkit 2) at: http://www.consultjuliet.co.uk/013
‘Rethinking Strategy in Independent Schools’ research report at: https://www.consultjuliet.co.uk/rethinking-strategy
Discover all the Series 1 episodes at: www.consultjuliet.co.uk/podcast
Sign up to Juliet Corbett’s newsletter at: www.consultjuliet.co.uk/signup
Find out more about Juliet Corbett’s work and discover a host of free resources at: www.consultjuliet.co.uk