A heavy-weight investment to create a cohort of top entrepreneurial leaders for Scotland Many of to-day’s big problems require entrepreneurial talent to manage them, but few managers have experience of managing entrepreneurial projects. This is a programme whose aim is to turn mid-career expertise into entrepreneurial talent.
Scotland’s next generation of business leaders will benefit from entrepreneurial learning in a programme designed to develop future business leaders across all sectors – corporate, family businesses, the public sector and the third sector – delivered for the first time by Strathclyde Business School.
This six month leadership development programme which is one of a number of related initiatives by the Saltire Foundation, is led by Entrepreneurial Scotland in partnership with Babson College in Boston, USA – a world leader in entrepreneurial development.
The programme is for people who are at a turning point in their careers and have the mind-set and ambition to become entrepreneurs: they may be starting a new business, entering an entrepreneurial business or joining a business that is looking to become more entrepreneurial. It aims to instil entrepreneurial thinking and strategic leadership – by giving participants access to toolkits and techniques with an entrepreneurial perspective.
The approach is described as facilitated learning: delivered by the business school faculty together with industry partners, with the help of mentors and advisers, and consisting also of networking and peer-to-peer learning.
A ‘lively’ two week section involves field trips, case studies and introductions to others involved in Scotland’s entrepreneurial ecosystem. Participants will have already spent nine weeks in Boston and Silicon Valley learning from some of the world’s most successful entrepreneurs with the aim of helping them to acquire the skills they need to become entrepreneurial leaders.
Upon returning to Scotland they embarked on individual projects within their own organisations or a sponsor organisation. This is followed by two weeks of residential training, and then participants go back to their projects before graduating from the programme. But they remain in contact, connected online for master classes, able to network, to continue to exchange experience and contacts, and in a post-course Linkedin group.
Nineteen experienced entrepreneurs from a wide range of backgrounds (a scientist, a barrister and a musician among them) made up the cohort, the selection involving extensive profiling undertaken by Insight, a Dundee-based organisation, together with Entrepreneurial Scotland, a network organisation based at Strathclyde.
Strathclyde Business School will be looking to see whether they have achieved their business outcomes; whether they have successfully made the transfer to an entrepreneurial function; whether the programme has indeed unlocked and unleashed their entrepreneurial potential; and whether the programme has renewed their love of learning and development. The post-programme assessments are made by Entrepreneurial Scotland, but ‘life changing’ is a commonly quoted outcome. The programme for the next cohort is now to add entrepreneurship masterclasses, delivered by top professors and local entrepreneurs at different stages of business growth.
The programme costs £32k per person, but many of the participants have been able to attract sponsors. The award-winning Diageo Learning for Life programme funded a place for a candidate from the licensed trade in Scotland; and leading organisations LINC Scotland, Cultural Enterprise Office, and Social Investment Scotland also backed individuals on the programme.
For more, see https://www.sbs.strath.ac.uk/feeds/news.aspx?id=1131
John Whatmore, April 2018