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Youth Entrepreneurship Development at ILO
Transcript of Youth Entrepreneurship Development at ILO
Youth Entrepreneurship strategy
YENT Overview / Demos Conceptual Overview
An application perspective ofYENT Operational Analytical Four implementation tasks for designing youth entrepreneurship strategies Support Create Environment
Educate Empower Steps Some customers are worth more than others
Knowing value of customer to the enterprise allows prioritization
Differentiate customers based on needs
80/20 rule Want to better understand customer ‘needs’ vs. demographics Want to better understand the value of that customer to the enterprise Lifetime value (LTV) … net present value of the stream of expected future contributions from the customer.
Most valuable customers, most growable customers, below-zeros, migrators
Refers to why customer buys rather than what they buy. Use knowledge of customer to figure out what he/she needs Key term is ‘mass customization’ Youth Entrepreneurship --> Challenge Can be product based Can be product based Or service based on standard products Use of information technologies key Or service based on standard products Use of information technologies key Global Employment Trends for Youth in 2009-10 Micro Macro Meso Youth Employment Strategies YOUTH ENTREPRENEURSHIP Boosting Employment
Development YENT “practical application of enterprising qualities, such as initiative, innovation, creativity, and risk-taking into the work environment (either in self-employment or hired employment)
using the appropriate skills necessary for
success in that environment and culture” (Schnurr and Newing, 1997).1 in-school (KAB) out-of-school (KAB+
SIYB+Get Ahead etc)) (policies and strategies on
SME are youth-friendly entrepreneurial culture affordable financing