Strengthening our network

The aims of this session are to

1 Give an overview of the nature of our network

2 Describe our journey as a network

3 Why network strengthening is so important for the next phase of our journey

4 Present four ongoing network strengthening projects

Strengthening our network

It is work-in-progress

- many of you have already contributed THANK YOU!

- what we will present to you this week is a developing framework BUT IT IS NOT FINALISED!

- your feedback this week and after the Global Forum is important DON’T FORGET!

Building the strategy for our network

A vision of success for our network

1 Significant Size

e.g. helping 100,000 new

entrepreneurs in 2020, creating a

multiple number of new jobs

2 Global voice of authority

3 A global and vibrant youth entrepreneurship community

4 Network sustainability

... each requires the other!

Our network’s journey

Phase 1: Pioneering, proving the concept

Phase 2: Network capacity building and expansion

Phase 3: Growth and sustainability by realising network value

Achieving the vision of success!

2000

2005

2011

Where we come from

Phase 1: The Past Our network began as a small loose association of pre-existinglikeminded institutions who established the sense of being a network

Our network’s journey

Phase 1: Pioneering, proving the concept

Phase 2: Network capacity building and expansion

Phase 3: Growth and sustainability by realising network value

Achieving the vision of success!

2000

2005

2011

We expanded and began capacity building a global networkPhase 2: The Near Past and Present

Together we developed a common set of principles, policies and standardsbuilt the accreditation processbuilt network donor relationshipsestablished the Entrepreneur of the Year competition

MEMBERS

2.Operations Management System (OMS)Major donorsThe Centennial Fund, Accenture, Barclays Capital

3.Mentoring toolkitMajor donorAccenture

1.Accreditation OverhaulMajor donorsAccenture, Barclays Capital, WCoMC

2008-2010: Building Network Capacity

5. Establishing Youth Business AmericaMajor donorsExtensive California based support, Barclays Capital, Deloitte, Diageo, Kauffman Foundation

4. Network admissions policyMajor donorAccenture

6.Establishing the YBI Patrons Council

2008-2010: Building Network Capacity

Our network’s journey

Phase 1: Pioneering, proving the concept

Phase 2: Network capacity building and expansion

Phase 3: Growth and sustainability by realising network value

Achieving the vision of success!

2000

2005

2011

The steps to starting phase 3 WE ANNOUNCEDTHERE WILL

BEA 2011-2014 STRATEGIC

PLANWE INCORPORATED THE

FINDINGS OF THE TARGETED SUPPORT STRATEGY PROJECT

WE BEGAN NETWORK

STRENGTHENING PROJECTS

2010 GLOBAL FORUM - PHASE 3

FRAMEWORK

PRESENTED

WE FORMED GLOBAL FORUM

WORKING GROUP

EDINBURGH

MEXICO CITY

Findings of the Targeted Support Strategy Project

Nearly half the network members supplied extensive information on their needs and the priority of those needs and how they might be met

PRIORITY

NEED

HIGH Financial Resourcing

MEDIUM Knowledge SharingPartnership ManagementTechnical AssistanceProduct Development & Innovation

Meeting your needs

• The Targeted Support Strategy Project raised the challenge for YBI of how to meet the needs of members

• Meeting the needs on a one-to-one basis with all members would be impractical

• The 12 members of the Global Forum Working Group emphasised the need to focus on the power of the network and the enthusiasm amongst members for it

• To respond to the Targeted Support Strategy Project YBI decides to propose a strategy based around network engagement and potential

Why being a network now is as valuable as it has ever been

• We learn quicker and more efficiently

• We share costs

• We build a common network brand identity

• We create value by building a community

working more closely

focusing on successful sharing of our

knowledge

taking more collective actions

being more consistent

being more visible

Using our limited resources we need to get more value out of our network by...

... and the best way to do this is to undertake actions that strengthen the network

Vision of success

Significant scaleGlobal voice of authorityNetwork communityNetwork sustainability

Action: developing the structure of our network to deliver phase 3

Members of the network must have a voice in what YBI does

DON’T MISS THURSDAY’S FOCUS ON NETWORK

GOVERNANCE!

Our role is to show leadership but it is also to serve all members

Action: Four network strengthening projects

A. Brand & Advocacy

B. Financial Resourcing

C. Performance Measurement

D. Knowledge Sharing

Chosen to:realise the value of our network...and lead us all into phase 3.

Phase 3: Growth and sustainability by realising network value