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Getting the Most from Your Summer Fellowship Clarify Your Personal and Professional Goals Evaluate the Senior Management and Board of the Organizations.

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Presentation on theme: "Getting the Most from Your Summer Fellowship Clarify Your Personal and Professional Goals Evaluate the Senior Management and Board of the Organizations."— Presentation transcript:

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2 Getting the Most from Your Summer Fellowship Clarify Your Personal and Professional Goals Evaluate the Senior Management and Board of the Organizations You Are Considering Use Your Network to Conduct Due Diligence Preparing for Your Internship Do Your Homework: Understand the Sector Develop a Deeper Understanding of the Organization and Its Culture Understand Your Role Within the Organization and Begin to Scope Out Your Project Making the Most of Your Internship Invest in Relationship Building Early On Create a Detailed Workplan Leverage Available Internal and External Resources Remain Adaptable Keep Networking Leveraging Your Internship Determine Appropriate Follow-On Contact with the Organization Pursue Further Related Study or Project Work Utilize HBS Resources Continue to Network Identifying Opportunities Evaluating Opportuniti es Develop an Understanding of the Sector Refine your Focus Develop a Deeper Understanding of Specific Sub- Sectors Network, Network, Network

3 Preparing for Your Internship Understand the Sector: Key Distinctions NonprofitsFor-Profits MissionTo solve a social problemTo earn returns for shareholders MeasurementQualitative, output-oriented metrics; absence of clear bottom line; few good sources of data Clear, quantitative metrics; analysts dedicated to providing quality information and data GovernanceMultiple influences and poorly defined boundaries and incentives Top-down with clearly defined responsibilities FundingFragmented, project-focused funding; limited capital sources; heavy reliance on donations Clearly defined and accessible capital markets Human Resources Often volunteer workforce that “does it all”; less management capability/ capacity; significant constraints on salary and performance incentives Clear job responsibilities and career paths with pay for performance StakeholdersMultiple constituencies, including foundations, service recipients, corporations, government, and society Primarily customers and shareholders Competitive Environment Role of competition unclearClear set of competitors drives continual improvement Source: McKinsey & Company, 2002

4 Preparing for Your Internship Understand the Organization Its sub-sector –Characteristics of the sub-sector –Competitive landscape; other players in the field Its mission –Is it clearly articulated and understandable? –Is it reinforced by the strategy? Its organizational structure and culture –Internal organizational structure –Board/Staff relationship and role of Board –Cultural norms What are the key issues facing senior management, e.g.: –Performance measurement/management and accountability –Sustainability/Growth/Income-generating strategies –Capacity building –Collaboration (within or among sectors) –Other

5 Preparing for Your Internship Your Role within the Organization How does your proposed project tie-in with the key organizational issues? What will be your formal and informal reporting relationships? What are your own personal/professional development goals for the summer? What do you hope to achieve for the organization? What is the intended impact/result of your project? What won’t be included within this project? e.g. Define the boundaries of your project. What strengths do you bring to the table? e.g. objectivity, data-driven approach, focused attention, industry or disciplinary expertise, etc. What resources will you need from the organization/others to succeed? e.g. sector-specific knowledge, understanding of stakeholders, existing data, etc. What will happen with your work when you leave?

6 Making the Most of Your Internship Transitioning and Settling In Invest in relationship building early and often –Speeds learning of organization and sub-sector –Provides insight to various stakeholder viewpoints –Builds trust and credibility Create a detailed workplan –Clarifies goals, objectives, and deliverables up front –Identifies required resources –Formalizes reporting relationships/check-in points Leverage available resources –Internal to organization –HBS resources –Summer fellowship community Remain adaptable Keep networking—within organization and field

7 Making the Most of Your Internship Developing a Workplan Multiple Review Points Build in review points with key decision- makers throughout the project timeline Periodically test assumptions and findings Gain feedback in time to make necessary adjustments Develop Recommned -ations Synthesize findings Develop action plan for implementation and detail anticipated outcomes Present Your Findings Present findings to key decision- makers Gain agreement and commitment Clarify follow-on requirements/ activities Define Project Objective Research and Analysis Develop a Problem Statement (scope) Provide Context: Why does the organization need to address this issue? Why now? Identify criteria by which to measure progress. Identify key decision-makers Outline any working hypotheses/ assumptions. Set a detailed timeline Collect Data (quantitative and qualitative) Find proxies/work- arounds when encountering data scarcity Conduct analysis: Remember, simple analyses can be very powerful Interpret findings

8 Making the Most of Your Internship Sample Work Plan Template

9 Making the Most of Your Internship Resources Social Enterprise Career Specific Publications Other Sources

10 Leveraging Your Internship to Chart Your Career Path Staying connected with the organization –Formal follow-on work –Informal contact –Connect others with the organization Pursue further related study or field work –SE courses –Field study Utilize available resources and continue to network –SE Career Coaches –Faculty –HBS Alumni Network


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