Bussiness Approach

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Published on October 30, 2008

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A business approach to assist the success of SED Projects Creating Awareness, Education and Business Planning : A business approach to assist the success of SED Projects Creating Awareness, Education and Business Planning 2003 Bahá'í Conference on Social and Economic Development 18th - 21st December 2003 What the workshop is about : 1 What the workshop is about EBBF values and activities taking forward ethics in the business world and in SED Projects. Some of the new financial mechanisms to support Social and Economic Development Projects. Case Studies of Entrepreneurial structures to match the implementation of Bahà’i values with a sustainable and effective result for Social Economic Development projects. Slide 3: 2 Our Vision To enhance the well-being and prosperity of humankind Slide 4: 3 Our Mission To promote ethical values, personal virtues, and moral leadership in business as well as in organisations of social change. A network of Responsible CEOs : 4 “Ten years ago, most of our workers were Italian. Today over half are Muslims. To maintain harmony we recognize some of their needs are different; for example, we provided a space and modified work schedules to permit them to pray several times a day. Today this factory is one of our most productive and is also managed by a Muslim respected by all.” Beppe Robiati CEO SCAC and member of EBBF Milan, Italy A network of Responsible CEOs Where working together across generations, borders, sectors and beliefs brings results : 5 Where working together across generations, borders, sectors and beliefs brings results At EBBF we are united in our recognition of the importance of sustainable, socially responsible and ethical practices in management. We each have a legitimate interest in the field of business and are dedicated to enhancing the well-being and prosperity of humankind. A network of partnerships : 6 “The collaboration with EBBF has worked well in this particular context (Joint Working Paper on Socially Responsible Enterprise Restructuring). I certainly felt there was good synergy between the Business Forum and ourselves.” Michael Henriques United Nations International Labour Office Geneva, Switzerland A network of partnerships Slide 8: 7 “As a young professional freshly sworn into the corporate world, I struggled to fit into the corporate landscape and perform well while staying true to my spiritual aspirations. My involvement with EBBF broadened my horizons and most importantly made me realize that business is a powerful instrument of social change and that, as a responsible manager, I could have a positive impact on society”. Patrick Asdaghi MBA student Harvard Business School and member of EBBF Young Professionals Slide 9: 8 Each year EBBF members represent our organisation by giving over 150 presentations, attending conferences and leading workshops around the world. = 150+ EVENTS UNIVERSITY COURSES Chair at University with a ten lecture course titled : Economics for a new world order. EBBF Master in ethical finance - for a new world order Slide 10: 9 Some of our EBBF Publications Emerging Values for a Global Economy The Role of Business in Enhancing the Prosperity of Humankind Corporate Social Responsibility and Business Success Socially Responsible Enterprise Restructuring (joint working paper with the International Labour Office) The Challenge of Sustainable Development and Prosperity Entrepreneurship Women Entrepreneurs: Catalysts for Transformation Spiritual dimensions of microfinance Management of small rural villages… EBBF members assisting SED projects : 10 EBBF members assisting SED projects Beppe Robiati - Omusema Foundation - village banking (Namibia) Two Wings Fund (World Wide) Daniel Truran- Andromeda Summit and Fund (World Wide) Leonor Gimelfarb (Switzerland - Nepal) Steve Hall - Bonhaire Island and more … WWW.EBBF.ORG Where the financial resources are (GDP) : 11 Where the financial resources are (GDP) Where the earth’s inhabitants live (population) : 12 Where the earth’s inhabitants live (population) Baha’i principle : 13 Baha’i principle Reduced extremes of wealth ...the base of life is this mutual aid and helpfulness, and the cause of destruction and non-existence would be the interruption of this mutual assistance. The more the world aspires to civilization the more this important matter of cooperation becomes manifest. (Abdu'l-Bahá, The Divine Art of Living) Where do/will they all live : 14 Where do/will they all live In Africa 225 cities will have populations of more than 1 million In Latin America another 220 cities In Asia 903 cities People moving from the countryside (for the Spirit) to the cities (for the body) where they find no jobs, lose their identity, their sense of community, their self esteem and dignity How can we act : 15 How can we act Redistributing the earth’s flow of resources - Promoting North to South flows. 2. Actively engaged in SED projects in the south. New financial north - south flows : 16 New financial north - south flows There is a willingness to shift perceptions from developing countries being a poor donation receiving area to the realisation that Developing Countries have an excellent potential for entrepreneurial opportunities with the entire BOP market to serve. Intermediaries between UN & governmental agencies and southern entrepreneurs and projects. UN too high level, cannot manage middle to small sized projects The Andromeda Fund, Acumen Fund, … Examples of Financial flows from “north” to “south” : 17 Examples of Financial flows from “north” to “south” 1. Investment in an ethical basket concentrating on the dividend which then goes not to the investor but to the associated SED project/s. (Partner Bank and the Two Wings project) 2. The “Andromeda Fund” - www.andromeda-fund.com/en/portfolio.html 3. Microcredit Funds - ResponsAbility 4. New Investment models forming a virtuous cycle “E-ziba” www.e-ziba.com Two Wings - Share Basket : 18 Two Wings - Share Basket Investors investing in a share basket, specifically chosen for its high dividends - the investor can then decide how much of the gained dividends are then distributed to the projects falling under the Two Wings fund. 1. Two Wings - Dividends to SED projects : 19 1. Two Wings - Dividends to SED projects Ethics Basket - Dividend to SED : 20 Ethics Basket - Dividend to SED A growing number of banks offer ethical baskets, where you may decide to not collect some or all of the profits or dividend and instead donate them to the Social Economic Activity or NGO or social enterprise of either your choice or the bank’s choice. In fact you may sometimes be in a position to say that you will invest an amount if your bank is ready to include your favourite association in their existing list of beneficiaries. 2. Andromeda Fund : 21 2. Andromeda Fund By entrepreneurs, For entrepreneurs The belief that entrepreneurial spirit and entrepreneurs are plenty in the south and only need to be enabled. Click on www.andromeda-fund.com/en/portfolio.html 3. Investment in microcredit funds : 22 3. Investment in microcredit funds Fund specialising on the best of microcredit agencies around the world. Microcredit with a bad debt average of 2% - 98% return / women focus Universal House of Justice asked Omusema Foundation to explore Village Banking A consortia of Swiss banks including Credit Swiss has invested 10 million Swiss Francs in this specific Fund, a number of Banks will offer it to their customers. 4. The virtuous cycle of “E-ziba” : 23 4. The virtuous cycle of “E-ziba” Change the World by Hand A company that utilizes new technologies, global capital and product markets to enhance the economic well being of low income artisans. Maintaining cultural diversity is arguably as important to the future well-being of mankind as maintaining bio-diversity. Eziba is helping sustain cultural diversity. (highlights potential and quality) Southern produced goods sold at high end of the market means re-evaluating the production of developing countries as Pieces of Art - give the deserved dignity and appreciation for their precious culture. Investment in the virtuous cycle of “eziba” (www.e-ziba.com) Just over 16 million US$ riased by E-ziba this year What next … : 24 What next … EBBF values and activities taking forward ethics in the business world and in SED Projects. Some of the new financial mechanisms to support Social and Economic Development Projects. Case Studies of Entrepreneurial structures to match the implementation of Bahà’i values with a sustainable and effective result for Social Economic Development projects. Slide 26: 25 Duty to promote Baha’i values But also Duty to act in a credible and sustainable manner Baha’i spirit for excellence What makes a good SED project (entrepreneur) : 26 What makes a good SED project (entrepreneur) Follows your Passion - present a passion and you will be convincing Clear time frame (1 week / 1 year) - what can realistically be achieved in the time of your stay/involvement Research - what/who is there - what is needed Set clear objectives Involve, empower and give dignity to the local community Sustainability issue (not profit) what is required / how to obtain it Measurement systems Presentation of the project / results According to the Office of SED at BWC : 27 According to the Office of SED at BWC Categories of Social Economic Development projects: First Stirrings - Grassroots Sustained Projects - ongoing projects larger and more ambitious Development Organizations Agencies of Baha’i governing councils Groups of individual Baha’is as NGOs Sources of Information : 28 Sources of Information Baha’I writings / Baha’I publications (Readings on Baha’i social and economic development) National Spiritual Assembly OSED UN documentation Local Agencies Internet “ The decision-making agencies involved would do well to consider giving first priority to the education of women and girls, since it is through educated mothers that the benefits of knowledge can be most effectively and rapidly diffused throughout society. In keeping with the requirements of the times, consideration should also be given to teaching the concept of world citizenship as part of the standard education of every child." (Universal House of Justice, The Promise of World Peace - 1985) Sources of information : 29 Sources of information LEARN from Local community Avoid top - down Encourage participation - consultation Don’t just ask “what do you need” - build trust with the community first E.g. Of Stats on Women – BEFORE starting a SED project : 30 E.g. Of Stats on Women – BEFORE starting a SED project According to UNICEF statistics every year 10% of girls die before the age of one and 8.5 die before the age of 5. Total mortality rate for women per year in European countries equals to total of mortality rate of women in one week in India.. Women and literacy & education In Madhya Pradesh people do not send girls to school, and according to according to a report from the National Women's Committee in 1994, only 28% of girls are literate. In the villages of 1000 girls, 53 girls leave school before 5th grade, In Jhabua district literacy rate is only 6%. The government has spent hundreds and thousands of Rupees on literacy programs but the percentage has not increased. Family Condition Boys are preferred to girls in the family structure. Parents give nutritious food to their boys but do not give much attention to their girls. They send their boys to school but demand that the girls work in the field... Objective : 31 Objective After research has been made on what is needed and on what solutions are already in the area… Objective takes into account: time frame your passions within your values skills local community’s skills / gems Evaluation of costs involved / feasibility study Slide 33: 32 Clear goals aligned which EMPOWER giving a real benefit which can then be used by the receiving people themselves: e.g. teaching to fish not give fish Individual and community development, Bahá'ís believe, require both the "light" of spiritual awareness and the "lamp" of material resources. Material advancement is not viewed as an end in itself, but rather as a vehicle for moral, spiritual, and social progress. (www.bahai.org - BIC) The OBJECTIVE of the Barli Development Institute for Rural Women : 33 The OBJECTIVE of the Barli Development Institute for Rural Women Focuses on giving poor young women from the villages around Indore, literacy training, practical knowledge of health, nutrition and sanitation, skills for income generation, and an awareness of village-level environmental conservation. Empowered by their traning as agents of social change, graduates have had a measurable impact on the well-being of their families and home villages. Measuring Impact : 34 Measuring Impact Graduates have had a measurable impact on their communities. Although more than half of the trainees are illiterate when they arrive, 99% leave fully able to read and write Hindi. Studies show that 96% of them use their income generation and related skills upon their return home and that 46% have established small businesses of sewing clothes and started generating income while 7- 9% are employed in various jobs. Some 97% of graduates are using safe drinking water practices; some 70% now include leafy vegetables in their diet; and 41% are growing and selling vegetables. In addition, women in five villages have planted some 2,500 trees. Other studies have shown that the women have indeed helped to create a new atmosphere of mutual respect and unity in their communities, helping to displace caste prejudices in tribal communities once notorious for their high crime rate and alcohol abuse. The Institute collaborates actively with government officials and non-government organizations -- exchanging information, methodologies, and research information. Can only financial results be measured ? : 35 Can only financial results be measured ? Spiritually based indicators are detailed in the publication (Valuing spirituality in development - B.I.C.) Economic development Education Environmental Stewardship Meeting Basic needs in food, nutrition, health and shelter Governance and participation Who are results for ? : 36 Who are results for ? You can show results: To the people you want to attract to the project (receivers and volunteers) Internally to create motivation and clarity of targets and progress To funders Measure results over time : 37 Measure results over time We started in 2001 with 10 people attending study circles, after six months 35 had gone through the process and after one year we reached 87 people. Present visually : 38 Present visually We started in 2001 with 10 people attending study circles, after six months 35 had gone through the process and after one year we reached 87 people. Visual graphical representations are clearer to read and evaluate, good for illiterate readers, more impactful. The importance of Presentation : 39 The importance of Presentation PRESENTATION e.g. FUNDAR how large a foundation may this be? An excellent use of digital photography, layout, using a powerpoint / Word combination, clarity of vision, objectives, and strategy How to attract resources : 40 How to attract resources Sponsor the education of one child in Haiti for $20 a month. Sponsor the education of one women in the Barli Institute for Development of Rural Women in Indore, India for $30 a month. Sponsor a school for 100 children in Chiriqi Region of Panama for $3,000 a year. Volunteer 2 hours of your time per week and become a mentor for TechnoSisters Mentorship Program™. Not just asking for large amounts of investment, but break it down and personalise per individual sponsorship Ask for funding towards a specific part of the project and not the entire overhead cost Time and non financial resources are often more important than receiving large sums of investment Meet the needs of local governments / organizations : 41 Meet the needs of local governments / organizations In February, 2002, a proposal by the Association for the Cohesive Development of the Amazon (ADCAM) to found the Tahirih College of Education was officially approved and licensed by the government. This initiative will offer university level courses and degrees in education and educational administration. Also awarded in 2002, was a grant from the Federal Government of Brazil for approximately US $1 million, to construct and equip the Masrour Institute of Technology. This Institute, scheduled to open at the end of 2003, will offer… ADCAM Project The Association for the Cohesive Development of the AmazonManaus, Brazil Other ideas for sustainability - larger projects : 42 Other ideas for sustainability - larger projects Education vs Profit? Empower Teaching Income Generating Skills Apply profitable entrepreneurial criteria to the project, putting into practice the educational aspect(Solar cookers) Ideally profit from enterprise provides funds for education modules More sustainability options : 43 More sustainability options Maintain as much as possible the link with the local community and culture (local products, local skills, tradition and culture) Move towards self sustainability by offering a range of servicese.g. sell artwork made from students / sell consulting to other agencies. Village banking - microcredit (only for more sophisticated advanced models of SED) Conclusions : 44 Conclusions More information: daniel.truran@ebbf.org We have offered some ideas on : Entrepreneurial models that prove - attractive - to “ Northern “ Investors ways to move investment capital from “ North “ to “ South “. Assisting the success of SED projects by providing education which EMPOWERS the existing local skills and traditions of the community guiding them with Baha’i values.

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