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

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

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

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  1. Young Entrepreneurs AllianceProject Proposal February 28, 2005 Erika Hammond and Michael Kalin

  2. 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.”

  3. 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

  4. Problem Definition 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.

  5. 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.

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

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

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

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