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ABFA Residential Week

The ABFA Residential Week course is part of the ABFA Diploma, but also operates as a stand-alone assessment centre focusing on personal and professional development in the areas of inter-personal and management skills.

Content

The Residential Week course lasts for a week and is made up of two elements, the Business Simulation Exercise and Management Exercises.

Residential Course

The course operates as an assessment centre focused on personal and professional development in the areas of inter-personal and management skills.

The course lasts for a week and is made up of two elements. First, a business simulation exercise where students have the opportunity to direct and manage an invoice finance company. Throughout the week decisions taken will impact on their results, so encouraging a wider understanding of current industry issues. This simulation model has been developed specifically for the ABFA to include many of the issues that face the industry today.

Second, throughout the week there are a number of management exercises.

Upon completion students receive an overall score and a feedback session with one of the assessors to discuss their individual results and, where appropriate, development needs.

Business Simulation Exercise

The business simulation exercise gives students an opportunity, working in a team, to direct and manage an invoice finance company. It encourages students to operate in a truly competitive environment where good business management, well thought-out ideas, and innovative approaches are reflected in their achievements. Throughout the week decisions taken will impact on their results, encouraging students to gain a wider understanding of current industry issues. This simulation model has been developed specifically for the ABFA to include as many of the issues that face the industry as possible. The team environment also encourages the exchange of ideas in addition to allowing students to develop a wider understanding of how the various areas of control impact on each other.

Management Exercises

The Residential Week is interspersed with a number of Management Exercises, which are both team and individually based. Students are observed and assessed, as they deal with the issues that are presented, against a defined set of behavioural skills with the collective records from all assessors forming their overall result. The assessors, who are present for the entire week, view all students to ensure a fair and reasonable result is achieved.

The Management Exercises assess the following skills: assertiveness, communication, decision-making, innovation, leadership, motivation, negotiation, organisation and reasoning.

Entry Requirements

Whilst the course has been specifically designed for ABFA Diploma students the Residential Week is open to other member employees and is an excellent development programme in it's own right.

Employees who wish to develop their management and leadership skills but are not taking the ABFA Diploma are encouraged to discuss opportunities for inclusion on the course with their line manager or contact the ABFA directly.

To download a Student Case Study Click Here

To download more information and get the Residential Week Booking Form Click Here

Assessment

The Residential Course is assessed at time of attendance. To qualify for an ABFA Diploma students are required to pass all three elements. Once students have completed the Residential Week, they (and their employers) will be notified of the mark awarded and they will receive feedback from the assessors to assist in planning their personal development.

Study Time

The Residential Week requires students to attend a week's course held annually in June/July.

Cost

£2,150 including VAT per person

Payable on registration to the ABFA Educational Foundation.

Level

The course is aimed at those individuals looking to progress into a management role or new to a management role. Client Managers, Account Managers and Operations Managers would benefit greatly.

Registration Deadlines

This year's Residential Week course will be held from July 6th-11th 2008 in Ettington Chase, Stratford-Upon-Avon.

The last date for registration for the course is 31st May 2008.

Prior to their arrival students will be sent full joining instructions and a briefing pack.

Onward Progression

The Residential Week is one third of the ABFA Diploma qualification. Many people who complete the week go on to complete the full ABFA Diploma course.