Periodic Reporting for period 1 - YellowHarbour (Creating Partnerships between NGOs and Businesses)
Reporting period: 2017-12-01 to 2018-04-30
relationship between both sides to establish a business engagement with value to both parties. Our overall goal is to be the leaders in the market and the first to commercialise the novel concept of facilitating co-operation between NGOs and Organizations as a service.
We are also undertaking studies of the market from which we will evaluate the complexity of the business scenario and set up a business model to target specific groups of users.
We are working on establishing the USPs of our product which clearly distinguish us from competition, and with which we can obtain competitive advantage.
In addition to the above mentioned activities which are mainly related to the development and commercialisation of the technology we have also carried out internal auditing within our organisation to better understand the required skills for the medium and long term operations of our company as well as the financial forecasts for the running of the new business.
We plan to disseminate the results of our project in conferences and events related to Corporate social responsibility and through the support of key stakeholders such as government entities who are also working to raise awareness on the importance of CSR to the community.
When it comes to implementation, we use the data collected to come up with matching ‘entities’. An entity could be a skill (eg. Civil Engineering Skill), a service (eg. Transport), a principle (eg. Reducing Water Consumption) or a resource (eg. Land). This way we develop and cater for CSR initiatives spread across different organisations and aligned with the core business strategies of the organisations and in line with the requirements and aims of the NGOs.
Finally to close the gap, we also provide management services including, most importantly a metrics dashboard whereby we aim to quantify the value of the CSR initiative. This is required, by law, for both the NGO and the Companies (>500 employees) for financial reporting purposes. We also provide management for the CSR initiative itself facilitating the collaboration between the NGOs and the companies.
through our innovative solution, we offer the opportunity of servitisation of CSR (Creation, Design, Implementation and manage within companies and organizations, and aim to increase the benefits to both companies and NGOs,encouraging a more collaborative economy. Companies will greatly benefit from structured CSR programs as CSR emerged as an increasingly important aspect in recruiting Millennial and increasing Employee Engagement.