Goals of The IFT Academy
Create a career path for the next generation of turnaround and transformation professionals
Offer a defined route to becoming an accredited professional through the demonstrable acquisition of core competencies and an appreciation of turnaround and transformation culture
Influence institutional and organisational culture by making turnaround education part of mainstream business thinking and practice
Create a commercially viable Academy
Provide an earlier entry point to potential membership with The IFT
Use The IFT website as the portal for e-learning activities and materials
Prepare the next generation of accredited professionals
Six interlinked modules and course work, delivered in the field and in the classroom
Implementation overseen by Professional Development Committee; stewardship with The IFT Board
The IFT Academy Strategy
The IFT plans to encourage and support people who are committed to Turnaround and Transformation as a career choice.
By so doing, we aim to professionalise and increase the pool of talent available to deploy in situations where urgent, profound and radical change is required. More advanced practitioners will be able to widen and deepen their skills and network by participating.
The IFT aspires to educate corporate entities about the benefits of cultivating and utilising a cadre of in-house turnaround and transformation experts. Although The IFT membership accreditation requires as a minimum three, verifiable turnaround case studies, in order to prepare the next generation of practitioners, we have introduced a non-member category for this purpose: The IFT Candidate.
Candidates will have one or two cases underway and be subject, on a case by case basis, to the same assessment processes as for membership. By creating ‘The IFT Academy’ in order to develop a progression into Turnaround for The IFT Candidates and others, we meet all of The IFT’s strategic aims: be representative and inclusive; create a turnaround profession and professionalise turnaround; share time and expertise.
We wish to foster an Academy culture of focus, simplicity and speed. We therefore welcome suggestions for improvement.
Founder Partners in The IFT Academy
The IFT offers corporate partnership to leading operators, advisers and financiers who serve the turnaround and transformation community of stakeholders. Our corporate partners, our Members and our Candidates will benefit from involvement in the Academy by being able to offer participation in it at 50% of the going fee rate.
Once the Academy is financially self-sustaining, The IFT aims to offer bursaries to promising individuals so we can promote open access and develop turnaround and transformation culture in a wide variety of organisations. Applicants for such bursaries may include potential leaders from the public and Third (not-for-profit) sectors.
Governance for the Academy will be managed through the The IFT Board. In addition, we will:
- Establish an Advisory Council comprised of academics and practitioners
- In due course, seek external validation of the Academy’s syllabus
The programme, running over 12 months, gives participants a structured grounding and insight into organisational turnaround and transformation. It consists of six integrated modules covering:
- Business Insight and Turnaround – A comprehensive introduction into how businesses make sustainable cash profits and create value as well as the causes of decline and the principles of turnaround;
- Customers, Innovation and Brands – How to generate valuable revenue streams, service and product development and understanding the customer interaction;
- Investing and implementation – How companies deliver their products and services, including supply chain, IT and the service sector;
- Financial and Human Capital – How cash really flows through a business, gaining insight into financial reports and management information and the role of people in a business;
- Turnaround leadership and Restructuring – Financial /balance sheet restructuring, creditor management, operational turnaround, cash flow forecasting, contingency planning and exits.
- Public and Third Sector - Cultural differences of the public and third sector: funding, structures, governance and regulatory issues, managing volunteers and mergers.
We are now taking bookings for the 2017/2018 programme beginning 26th/27th September. Please contact Kate at KNorris@the-ift.com for more information on how to register, upcoming dates and exciting venues.