The SIFE Criteria How effectively did the SIFE Team measure and demonstrate that they CREATED ECONOMIC OPPORTUNITY for

1. A head for business. A heart for the world. The SIFE Criteria How effectively did the SIFE Team measure and demonstrate that they CREATED ECONOMIC OPPORTUNITY for others by helping them:

2. What is Economic Opportunity? “Improving the quality of life and standard of living” • What is the starting point for a project? Identify a need • Necessity v Opportunity • Are all projects necessity projects? • “Scale of need”. • Schools v Real World.

3. Environmental Sustainability Market Economics Entrepreneurship Personal SuccessSkills Financial Literacy Business Ethics • Meets a Need ) • Knowledge/Skills Transfer ) • Meet Criteria ) = Creating Economic • Impactful ) Opportunity • Sustainable )

4. Outputs: The direct product of project activities and usually are measured in terms of volume of work accomplished – for example, the number of classes taught, counselling sessions conducted, educational materials distributed, and participants served. • Outcomes: Benefits or changes for individuals or populations during or after participating in project activities. They are influenced by outputs. Outcomes may relate to behavior, skills, knowledge, attitudes, values, conditions, status, or other attributes. They are what participants know, think, or can do; or how they behave; or what their condition is, that is different following the project.

5. Level of Impact Poor (equivalent to low impact): Project activities satisfactorily completed, but had little effect on changing or improving lives Average (equivalent to medium impact): Projects gave criterion/issue public attention, gained support and participation of key stakeholders with endorsements/testimonials Good (equivalent to high impact): Projects achieved the passage of significant, sustainable change in target audience, attention/support around project clearly advanced, key stakeholders strongly influenced Outstanding (equivalent to exceptional impact): Projects clearly provided evidence of systematic/habitual, long-term change that has significantly improved lives of target audience members, has proven sustainable for multiple years, and has further solidified commitments from key stakeholders

6. Task: • Building a Project Portfolio as high up the necessity scale as we can. • Where to start? Market Economics Entrepreneurship Environmental Sustainability Business Ethics Financial Literacy Personal SuccessSkills

7. Entrepreneurship Entrepreneurship How effectively did the SIFE team measure and demonstrate that it created economic opportunity for others by helping them learn how to succeed as an entrepreneur and/or improve an existing business? Motivation/Education The opportunities provided by self-employment Developing entrepreneurial mindset/attributes (born or taught) A genuine consideration of entrepreneurship as a career choice. The practical skills and strategies employed by successful entrepreneurs. Practical Raising Capital Market Research Business Plan Legal structure Tax Sales & Marketing Finance Cash Flow Credit control Franchising Wilkinson Grants Entrepreneurship

8. Task: • Building a Project Portfolio as high up the necessity scale as we can. • Where next? Market Economics Environmental Sustainability Business Ethics Financial Literacy Personal SuccessSkills

9. Personal Success Skills Personal Success Skills How effectively did the SIFE team measure and demonstrate that it created economic opportunity for others by helping them acquire the EDUCATION and SKILLS training needed to succeed in a dynamic, competitive global economy? Life Skills: Inter-personal; stress management; self-confidence; communication; presentation; goal-setting; leadership; analytical; decision-making; negotiation; time management; networking Career/Management: CV-writing; job applications; interview techniques; career planning; conflict management; complaint handling; languages; record-keeping; project management; motivation; Technical: The knowledge and proficiency required in the accomplishment of any specific task – computer/IT; marketing; sales; production; finance. Project delivered to……………….? Personal SuccessSkills

10. Task: • Building a Project Portfolio as high up the necessity scale as we can. • Where next? Market Economics Environmental Sustainability Business Ethics Financial Literacy

11. Financial Literacy • Financial Literacy • How effectively did the SIFE team measure and demonstrate • that it created economic opportunity for others by helping them develop the PERSONAL financial management skills necessary to achieve financial independence? • Financial literacy is the ability to make informed judgements and to take effective decisions regarding the use and management of money • It covers budgeting, spending and saving and people’s use of financial products and services from everyday banking through to borrowing, investing and planning for the future • HSBC Financial Education Challenge Financial Literacy

12. Financial Literacy Stages of financial literacy • Mathematical and standard literacy Numeracy and comprehension skills • Financial understanding What is money? How is it exchanged? Where does it come from and go? • Financial competence Understanding the main features of financial services and risk return trade-offs. Attitudes to money, saving and investing • Financial responsibility The ability to make personal life choices. Understanding rights and responsibilities Project delivered to……………….? Basic Advanced Financial Literacy

13. Task: • Building a Project Portfolio as high up the necessity scale as we can. • Where next? Market Economics Environmental Sustainability Business Ethics

14. Environmental Sustainability Environmental Sustainability How effectively did the SIFE team measure and demonstrate that it created economic opportunity for others by helping them make environmentally sustainable personal and business decisions? • What is Environmental Sustainabilty? Development that meets the needs of the present without compromising the ability of future generations to meet their needs. UN World Commission on Environment & Development • What types of SIFE projects would fall under Environmental Sustainability? • Energy Conservation • Transportation/Fuel • Building and Construction • Agriculture and Food • Sanitation and Recycling Think of waste as a resource! Environmental Sustainability

15. Environmental Sustainability Environmental Sustainability “Community” Projects • Collecting old clothes and creating work by recycling them into new fashionable clothes for sale locally • Creating a recycling scheme within the community, that invests the profits into further enviro projects • Helping OAPs become greener by helping then claim energy saving grants, reducing their heating bills. • Energy saving light bulbs “Enterprise” Projects • Creating savings or increasing profits • Reduce the Carbon footprint of an organisation Health Check your projects Measure your carbon footprint Don’t expend measurable resources to create intangible/un-measurable savings Environmental Sustainability Entrepreneurship

16. Task: • Building a Project Portfolio as high up the necessity scale as we can. • Where next? Market Economics Business Ethics

17. Market Economics • Market EconomicsHow effectively did the SIFE team measure and demonstrate that it created economic opportunity for others by helping them understand how a market-based economic system operates? • Comparison of economies – monopoly/oligopoly/market based • Supply & demand • Pricing/Elasticity • Economies of scale • Opportunity costs • Money & banking – capital markets • International trade – import/export • Specialisation/comparative advantage • Supply chain • Exchange rates • Government intervention • Barriers to entry Market Economics Entrepreneurship

18. Task: • Building a Project Portfolio as high up the necessity scale as we can. • Where next? Business Ethics

19. Business Ethics How effectively did the SIFE team measure and demonstrate that it created economic opportunity for others by helping them understand that the long-term success and prosperity of a market economy, businesses and individuals are dependent on ethical business practices? • Business ethics is … about how business is conducted … about the application of ethical values to business behaviour … over and above the law Law is mandatory (you must abide) Ethics is discretionary (you have a choice) • Business Ethics needs to be distinguished from Ethical Business e.g. fair trade, social enterprise, co-operative bank. HOW vs WHAT ….but that doesn’t mean don’t do fair trade projects Business Ethics

20. Business Ethics • Business Ethics What are business ethics topics and issues? • Accounting prctices • Harassment, bullying, discrimination • Child, sweatshop labour • Whistle-blowing • Executive pay • Work/Home balance • Bribery, Corruption • Conflicts of interest • Supplier Relations • Gifts, facilitation payments • Advertising & sales practices • Governance • Data protection “A company is only as strong as the reputation that each employee maintains” Enterprise Rent-A-Car grants Business Ethics Entrepreneurship

21. Two types of projects: Projects aimed at one or two criteria Projects that claim multiple criteria Two types of project participants: Schools Real World Two types of ambition : International Local Communities Two types of focus: Necessity Opportunity How Judges Assess World Class SIFE programmes: Projects must focus on addressing the criteria Out in the real world Are meeting real & current needs with necessity projects Haven’t abandoned the LOCAL COMMUNITY Business Ethics Market Economics Personal SuccessSkills Environmental Sustainability Entrepreneurship Financial Literacy

22. In quality REAL-WORLD projects, some criteria lend themselves better than others to single-criteria projects, so when planning a project portfolio, take this into account: Multiple Criteria Single Criteria Personal SuccessSkills Entrepreneurship Business Ethics Market Economics Entrepreneurship Financial Literacy Environmental Sustainability

23. A head for business. A heart for the world. A World Class SIFE programme Does your Project Portfolio create economic opportunity for others?