youth social entrepreneurship – Social Enterprise Development in the Baltic Sea Region

GUIDEBOOK
Social business roadmap

The Social Business Roadmap has the aim to support young people in creating a social enterprise in 10 simple steps. It is an entrepreneurial guide tool for helping young people to make their first step in the social business world, as it’s easy to get lost on the entrepreneurial route, thus this small guide could be used as a road map.

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This guide provides some information about the social business world, the opportunities and the next steps. The Social Business Roadmap, as a non-formal educational tool, contains the necessary information, helpful instructions, and available support that will support a particular action or process regarding self-employability in social entrepreneurship. Therefore, this tool will be the appropriate instrument for any young person who wants to acquire the necessary support and empowerment for planning, launching, managing, and growing a successful social enterprise.

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IMPACT MANAGEMENT TOOLBOX
For the organisations working with the youth

This toolbox helps organizations and organizers to plan, implement and communicate the positive changes that they aim to create with their initiative or organisation in the lives of young people. It has been designed to help to do, measure, improve their activities… and repeat! In other words – to be able to create a more positive impact. Besides providing more clarity and increasing efficiency, it will help to involve the core project/activity team and explain the work outside the organisation, too. In conclusion, the toolbox help in creating a lasting legacy.

ABOUT THE TOOLBOX

What? A combination of nine tools especially developed for planning, measuring and increasing positive impacts of the organisations and reducing any negative effects of their activities.
For whom? For you. If you are active in an organisation that works with and for the young people. For example, youth associations aiming to develop their members or social enterprises providing services to youngsters.
What if I don’t work with young people? The tools will be absolutely suitable for designing and measuring the impact of your activities too! However, all the examples in this toolbox are related to young people as they are the main target
group here.

With the help of this toolbox, you can be even more successful in your activities! If you are reading this, you are probably active in an organisation that aims to create a positive impact in the lives of young people. Perhaps you want to unleash the creative potential of youngsters… or help young people who have had lesser opportunities compared with their peers…. or provide valuable knowledge and skills to the members of a youth organisation.

The document includes following methods: problem tree / goal tree / stakeholder map / beneficiary journey map / theory of change / impact indicators list / research methods list / measurement plan / organisational model canvas

The toolbox has been developed by the top organisations developing social impact measurement, youth field
and social entrepreneurship in the Baltic States. For more information about the project, click here.

This publication has been prepared within INDIGISE project. The content of this publication is the sole responsibility of the project coordinator and may not always reflect the views of the European Commission or the National Agency.

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PAPER
Entrepreneurial Literacy and Social Entrepreneurship Intentions among Youth

The youth will be the leaders of the country and the determinants of the continuity of government in the future. Malaysia now has many young entrepreneurs, but not all young entrepreneurs have basic knowledge in entrepreneurship and apply social entrepreneurship theory while running their businesses. The study’s findings show that the level of entrepreneurial literacy and the level of social entrepreneurship intention are both at a high level. While the regression test showed entrepreneurial literacy has a significant relationship and effect on social entrepreneurship intentions.

Based on this study’s findings, it is recommended that educational institutions emphasize the application of entrepreneurial knowledge in both curriculum and curriculum activities to improve the quality of students’ understanding of social entrepreneurship knowledge.

A positive and significant influence between entrepreneurial literacy and entrepreneurship intentions in students’ economic education is seen from the indicators of entrepreneurial attitudes and behaviors, business opportunities, and business aspects. In addition, students’ broader knowledge of entrepreneurship can influence their interest in entrepreneurship. In part, there is a positive and significant influence between financial literacy and entrepreneurial intent in economics education students seen as an indicator of general knowledge of finance, banking, insurance, and investment.

The high financial literacy possessed by the youth will increase their interest in entrepreneurship as the knowledge of managing finance personally and in the money management business is fundamental in ensuring the strength of the company. Moreover, social entrepreneurship emerges as a sustainable solution integrating financial or economic interests and social values.

The full article is available HERE or as a download below.

To cite this article: James, E., & Sahid, S. (2022). Entrepreneurial Literacy and Social Entrepreneurship Intentions among Youth.
To link to this article: : http://dx.doi.org/10.6007/IJARBSS/v12-i5/12893

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An Overview of Baltic Youth Impact

A consortium of partners has released a paper on impact management needs and challenges of youth associations in the Baltics, and the best practice examples. It provides an overview of whether and how youth organizations and social enterprises in the three Baltic States — Estonia, Latvia, and Lithuania — measure their impact and presents different examples to give other organizations tips for measuring their organization’s impact.

Definition of impact : The impact of a youth organization or social enterprise is any effect of the organization’s activities on individuals or groups or the surrounding environment. The easiest way to think about impact is by asking such questions as “What changes do we cause?” and “What changes would not have happened had we not organized our activities?”

Different impacts can be positive or negative, intended or unintended. Typically, youth organizations may influence young people’s attitudes, knowledge, skills, and experience as well as their living conditions.

The aim is to establish the experience for today and determine the aspects motivating organizations to assess their impact. In light of the current situation, the authors of the project seek to determine the impact measurement tools or instruments which would help organizations to measure their impact more effectively. Furthermore, this paper gives an overview of the reasons due to which some organizations do not measure their impact, the aspects that would motivate them to do so, and the skills and tools needed to begin measuring impact. Finally, the best practice examples from Baltic youth organisations are introduced.

The main conclusion is nevertheless that the literature overview demonstrates a decline in active participation of youth, therefore, it is substantially important to provide quality service in youth organizations.

If you too are interested in finding out the benefits of measuring the impact, the most common tools and some of the most prominent examples among youth organizations in the Baltic states, download the full paper in one of four languages here:

The paper was created by Social Entrepreneurship Association of Latvia in collaboration with the National Youth Council of Latvia (LV), Eesti Noorteühenduste Liit (EST), Stories For Impact (EST), Geri norai (LT).

This publication has been prepared within SENBS project No. 2020- 1-EE01-KA204-077999. The content of this publication is the sole responsibility of the project coordinator and may not always reflect the views of the European Commission or the National Agency.

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