Young Entrepreneurs Alliance Project Proposal February 28, 2005 Erika Hammond and Michael Kalin.

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Presentation transcript:

Young Entrepreneurs Alliance Project Proposal February 28, 2005 Erika Hammond and Michael Kalin

Description of YEA Mission Statement: “The Young Entrepreneurs Alliance (YEA) is a non-profit company dedicated to supporting teens at risk for criminal behavior to turn their lives around through business ownership, job training, financial education, and academic support. We work with teens to build the skills they need to attain long-term economic independence.”

Description of YEA (Cont’d) Programmatic Structure: –Two staff members –3 Massachusetts Vocational High Schools –Student-Run Businesses: Landscaping, Computer Design, Home Improvement –25-40 students per business; 200 students per workshop program

Situation YEA’s potential stakeholders increasingly demand performance metrics. YEA staff needs a system of performance measurement in order to evaluate programmatic efficacy and growth. Problem Definition

Problem Definition (Cont’d) Complications YEA currently employs few quantifiable performance metrics. YEA currently does not use a formal system of data collection. YEA staff has limited time and resources available for performance assessment.

Problem Definition (Cont’d) Key Question How can YEA measure its impact for internal organizational needs as well as for external requirements?

Project Methodology Identify Theories of Performance Measurement Devise Framework and Implementation Plan How can YEA measure its impact? Accessible Experts Secondary Lit. and Case Studies Similar Org. Internal Identify Current Internal Evaluation Practices and Metrics Identify Best Practices of Performance Measurement Quantifiable Qualitative Non-similar Org. Interview representatives from similar orgs. Interview representatives from non-similar orgs. Interview potential stakeholders. Interview experts. Examine secondary research. Interview YEA staff members, students, schools, Board of Directors, and funders..Create concrete metrics and Implementation plan. Discrete Activities Potential Stakeholders

Timetable Mission Statement Analysis (February 28 th -March 7 th ) Current Internal Evaluation (February 28 th -March 21 st ) Identify Possible Frameworks (March 7 th -March 28 th ) Develop Performance Measurement Framework (March 21 st -April 7 th ) Midterm Presentation to Client (April 7 th ) Develop Metrics (April 11 th -April 18 th ) Implementation Plan (April 18 th -May 5 th ) Final Presentation to Client (May 12 th )