Practice Based Learning: Identifying Funding Sources for School Growth

This report explores various funding strategies for a school aiming to expand, emphasizing a practice-based learning approach. It identifies suitable funding sources, including bank loans and personal loans from friends and relatives. The report suggests practical preparations for raising funds, such as organizing award functions and cultural activities to showcase the school's strengths and student talent. These events aim to demonstrate the school's educational standards and the well-rounded development it offers, enhancing its appeal to potential stakeholders like bank managers. Introducing new and old faculty members to stakeholders is recommended to build confidence in the school's management and teaching capabilities. The report also highlights the importance of collaboration between school administration and the fundraising team to secure financial support. Finally, it stresses the need for evaluating fundraising efforts and implementing corrective actions to improve the overall process. Desklib provides access to similar solved assignments and study resources for students.

PRACTICE BASD LEARNING
(Coursework 2)

INTRODUCTION
Finance is a life blood of any organization
and without it no company can survive in
the long term. In order to expand the
business, it is necessary to have sufficient
finance. In this case, school is taken which
wants to expand in size and requires funds
but the main issue is to identify appropriate
source of funds for the business. Hence, in
this report best sources of funds are
identified for the school and this includes
bank loan and loan from friends as well as
from relatives.

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Apart from this, the way in which school
needs to do some preparations in order to
raise funds are also identified. In respect to
this, organizing award function and cultural
activity are suggested to the school. In this
way, entire plan for raising fund is prepared
in respect to the school.

Background
Currently, in a single city there are number of
colleges that are operating to earn profit. In that
case, it is very difficult to generate good amount of
profit after deducting all the expenses. The case
of business firms and educational institutions is
different from each other. Schools have similar
USP and it is very difficult to differentiate oneself
from the competitors. Hence, it is very difficult to
raise funds and in order to get finance, school is
required to make some extra efforts.

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In respect to this, in next slide of presentation
many new things are suggested to the primary
school. Implementation of proposed steps will
prove beneficial for an organization.

Need assessment
This is very important section of the
presentation under which needs of the
school are identified. The main requirement
of school is to boost its growth in
comparison to its competitor schools. In
order to grow business, school is required to
develop its USP and needs to show its core
competency. Same will be used to raise
fund for the school. In respect to this,
organizing a specific event is necessary for
the school.

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In this regard, it can introduce its new faculty members
to the prospective stakeholders like bank managers. In
meeting, the school can provide information about its
newly appointed faculty experience and core
competency. By doing so, it can show that fund given
by the stakeholders will be used in a proper way and in
perfect direction. Hence, raising fund and organizing
these supplement activities is the basic need of the
primary school.

Implementation of plan
In order to implement a plan, events will be
organized and some of them are as follows.
School events- Under this, an event will
be held in which a reward ceremony will be
organized and under which cash reward and
prize will be given to the 12th standard
students and those who passed out the
same class in previous year. While giving
award, achievements of the pass out
students will be announced by the convener
of the award ceremony.

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By doing this, it will be proved that school have a
good education standard and have brilliant students.
This will help school in easily getting bank loan.
Cultural events- Through cultural events school will
try to show talent of its studnets. This will show that
in school only books are not teached to the students
but knowledge about many other things is given to
them.

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Friends and relatives- In a school, lot of
people work together and they have
many social contact which can help in
raising huge funds from friends and
relatives. If each person will give 50
pound then also a huge amount will be
collected for the school.

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Introduction with new faculty- Is another way in
which school can prove that it is eligible to get a
loan from the bank. Under this school will introduce
its new teachers with the bank manager. These will
be those teachers who have a good name and
track record in an education field. When bank
manager will meet to such kind of people then his
confidence towards school will get developed and
he will avail loan to school with out any problem.
Hence, this method will certainly work.

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Introduction with old faculty- Primary school
can not ignore importance of its old faculty
because these are those who prepare a base
for the school and bring organization to success
stage. In meeting school management will
introduce these faculties with branch manager
and will communicate their achievements.

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By doing so school will try to show that it is
working for progress since its inception and
it currently also have a well known and
efficient faculties in the workforce. This will
put good impression on the bank manager
and there will be great chances of getting a
loan from the financial institution.

Working with fund raising
team
School administration can actively work
with fund raising team and can give them
active support to raise fund. Like, when
fund raising team will go to bank in order to
apply for the loan then one member of
school management will also go along with
them and will assure the bank that the
school management guarantee the
payment of loan on time. In this way, by
cooperating with fund raising team huge
amount can be collected from different
sources of finance.

Evaluation of entire efforts
In this phase, evaluation of all above made efforts
will be done. In other words, it can be said that in
evaluation phase efforts made for getting a loan
and conducting events will be evaluated in a
proper manner. If any area of improvement will be
identified then corrective action will be taken to
improve the implementation phase.

References
Filliettaz, L., 2010. Guidance as an interactional
accomplishment practice-based learning within the Swiss
VET system. In Learning Through Practice (pp. 156-179).
Springer Netherlands.
O'Connor. and et.al., 2010. Developing a practice-based
learning and improvement curriculum for an academic
general surgery residency. Journal of the American College
of Surgeons. 210(4). pp.411-417.

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Yakhlef, A., 2010. The corporeality of
practice-based learning. Organization
Studies, 31(4), pp.409-430.