What is an Operational Plan? An operational plan describes how the company or organization will achieve the goals, objectives and strategies described in the larger strategic or business plan. The operational plan includes all actions that are needed to meet the strategic plan objectives, personnel responsible for carrying out the described actions, and the timing, costs and KPIs key performance indicators that align with these actions. The operational plan must be reviewed and updated regularly to ensure that the company is meeting outlined objectives.
Philosophy[ edit ] Acumen's philosophy is that a bigger impact can be made on poverty by giving people the chance to earn their living by investing in goods, structure and human capital rather than straightforward philanthropy.
Soon after, she quit her job, relocated to Rwanda and opened Duterimberethe first micro-finance bank in the country. It started as a money-lending venture where it provided women with small loans to promote women's entrepreneurship at the grass-root level with an aim to contribute to the income of low-income working women.
Novogratz's biggest challenge was convincing women that it was an authentic venture alongside explaining the ways in which it could increase their income and pull them out of poverty. Her cause was strengthened when she got 3 developing a non-profit organization business plan parliamentarians to back her project and it grew to members from five provinces in 11 districts across Rwanda.
At the apex of her imagination was an entity that would provide social enterprises with the tools to empower the working poor. It invests not only in the form of financial capital but also its human and knowledge capital through assistance in business areas including business strategy, planning and performance management.
At Acumen, investment is made in companies that statistically have the greatest chance at lowering poverty by manufacturing and subsequently selling goods or services. Those companies are provided the seed capital that maximizes their reach in order to get to the most amount of poor people alongside providing the flexibility and security to grow their businesses.
Acumen has developed a Global and Regional Fellows Program that provides individuals with the knowledge, guidance and practical techniques to drive social change in developing countries to eradicate poverty and build a more tolerant world.
Acumen has a carefully coordinated way of measuring and evaluating ideas and how much they hit the target they set out to achieve. Aligning business priorities with impact priorities allows it to have social impact in the sector. InAcumen invested in WaterHealth Internationala for-profit organization that supplies clean water to the poor population in rural IndiaGhana and the Philippines.
Acumen partners with the International Finance Corporation of the World Bank and Dow Chemical Venture Fund to supply, people in rural areas of third world countries, clean supply of water alongside earning a substantial gross margin that keeps these hybrid enterprises thriving.
For them, success is correlated with the social change that occurs in people's lives. For example, when looking to invest in a company that makes and distributes anti-malarial bed nets, Acumen uses numbers to measure the social impact of this company.
This means that the more number of anti-malarial beds manufactured and distributed, the more impact the company made. If a company builds toilets and shower facilities in urban slums and business districts, the success of this is measured by the number of times the toilet and shower facilities are used.
It doesn't go further in investigating whether these social changes is contributing to decrease in malaria or improvement in health and environment.
Its former CEO, Brian Trelstad argues that the latter approach is complicated, expensive and impractical for emerging companies.
Instead, Acumen measures between output and impact i. Investment in companies pursuing these ideas would yield below-market financial returns and therefore the returns are pooled back into Acumen's financial resources for future investments alongside enabling the investments to stand on their own.
These financial returns, although not substantial, are critical in pursuing the organization's objectives of supporting significant social impact.
Another way Acumen measures growth is thorough the impact of venture philanthropy by investing in companies that have a sustainable business model while having the ability to support its operating expenses with operating revenues within a year period.
Another investment criteria that an organization is scrutinized with is the ability to have its product reach a million end customers within the same year period.Analytics Business analytics or BA is the process of systematic analysis of the business data with focus on statistical and business management analysis and reporting.
Business analytics is employed by organizations focused on decision making driven by data and facts. Business Templates Business templates downloads, examples, excel templates, word templates, PDFs, online tools, management. A Toolkit for Developing a Social Purpose Business Plan grows out of Seedco and the Non-Profit Assistance Corporation January Foreword and Acknowledgements.
developing a social purpose business plan iii Developing a business plan is an exciting, but challenging process. The revised and updated edition of the go-to guide that has been an essential resource for nonprofit administrators, managers, and business professors since —retooled to address the challenges presented by today’s world.
What Is a Non-Profit Business? A non-profit business, also known as a not-for-profit organization, is a tax-exempt organization formed for religious, charitable, literary, artistic, scientific, or. Just because an organization is labeled a “nonprofit,” that doesn’t exempt it from operating like a business—a nonprofit is a type of business, and many of the same rules that apply to a for-profit company also apply to a nonprofit organization.
You need both a strategic plan and a business plan to ensure success. Acumen (formerly known as Acumen Fund) is a non-profit impact investment fund with almost 15 years’ experience in small and medium-sized enterprises (SMEs) that serve low-income communities in developing countries primarily in Sub-Saharan Africa and South Asia.
Acumen brings a venture capital sensibility to aid work.
It aims to demonstrate that small amounts of philanthropic capital.