In an effort to help make non-profit organizations more competitive, the University of Chicago Booth School of Business will give four full-tuition scholarships each year to non-profit executives so they can attend weeklong Executive Education programmes together with executives from for-profit companies, the school has announced.
The scholarships target candidates at organizations that lack the resources needed to enrol in Booth’s Executive Education programmes, the school said. Tuition for those programmes is typically $8,675 for a one-week course.
"We hope that after spending an intensive week learning from our faculty, leaders of non-profit organizations will use their new knowledge to run their institutions more effectively,” said Sunil Kumar, dean of Chicago Booth.
"These new scholarships complement the efforts of our Social Enterprise Initiative, which helps students launch and grow businesses in the social sector, matches alumni interested in board service with non-profit organizations, and supports student groups and career interests in the social sector,” Kumar said. "The non-profit sector can benefit from proven market-oriented ideas and best practices from the for-profit sector.”
Applicants for the Harry L. Davis Executive Education Scholarship for Non-profit Leaders must be directly responsible for shaping their organizations’ mission, policies and major programmes, the school said.
Scholarships will be awarded for courses in four areas: Finance; leadership and organizational behaviour; marketing and sales; and strategy. Recipients will be able to choose from among several course titles in each area. For example, within the leadership and organizational behaviour area, choices include Essentials of Effective Management; High Performance Leadership; Negotiation and Decision Making Strategies; and other courses.
As part of the application process, executives must submit a short written statement explaining how the scholarship will enhance their ability to lead within their organization and help the organization overcome current challenges.
Applicants also must submit a letter of recommendation from the organization’s president, or from the chairman of the board or other board member if the president is the applicant.
To learn more about the scholarships, applicant eligibility, the selection process and to download an application, please visit http://hld.chicagoexec.net.
The scholarships are named for Harry L. Davis, a former Chicago Booth interim dean and former deputy dean, who is the Roger L. and Rachel M. Goetz Distinguished Service Professor of Creative Management.
FIND US ON FACEBOOK