Young Entrepreneurs AllianceProject Proposal

February 28, 2005Erika 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

DeviseFramework 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 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)