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Visiting Professors' Scheme
Visiting Professors in Sustainable Wealth Creation
The financial crisis of
2008/09 clearly demonstrated the vulnerability of
economies heavily reliant upon the service sector.
In 2009, 74% of UK GDP was derived from the service
sector in comparison to the wealth creating
industries of manufacturing and financial services
which each accounted for 12%. The impact on the UK
was consequently particularly severe and prolonged.
Since late 2009, policy makers
have been asserting that the UK needs to trade its
way out of the poor economic situation it has found
itself in, which is very much the view of the
Academy, who would like to see the UK move to a more
balanced economy with hi tech industry and
manufacturing increasing their share of GDP. In
order to achieve this however it needs the support
of the financial sector; finance is the lifeblood of
manufacturing and without funding products go unmade
and innovation and entrepreneurial endevour lack the
resources needed to prosper. In order to achieve
this step change, the UK needs to educate its future
business leaders of the importance of a balanced
economy and the pivotal role of its wealth creating
industries particularly hi tec manufacturing to
achieve a sustainable economy.
This was the rationale used to
develop the Visiting Professors in Sustainable
Wealth Creation model. In a break from traditional
VP schemes, the post was tenured at a business
school with undergraduate business and MBA students
being the primary audience.
A pilot post was launched in
October 2011 at the Nottingham Business School and
generously funded by the
LCCI Commercial Education
Trust.
Scheme manager: Dr Mark Bambury
[E-mail Dr Mark Bambury]
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