MISSION & PURPOSE
The Global Good Fund recognizes that Veterans have received leadership training throughout their military service. While many military leadership traits translate well into business, Veteran entrepreneurs like all entrepreneurs face unique challenges in growing and scaling their businesses. According to the Small Business Administration, there are 2.5 million Veteran owned businesses that employ over 5 million people.
In an effort to support the leadership needs of Veteran entrepreneurs, The Global Good Fund has partnered with the Smithfield Foundation to launch the Veterans Leadership Program to provide personalized leadership development, executive mentoring and $10,000 in targeted capital to invigorate the leadership growth of veteran entrepreneurs. In 2018, the Global Good Fund will select 5 Veteran entrepreneurs to participate in the program.
The Veterans Leadership Program is an 8-month program supporting the leadership development of Veteran entrepreneurs who are focused on creating sustainable jobs or supporting job search and placement for under and unemployed Veterans.
The Global Good Fund invests in these innovators by pairing them with executives who serve as Mentors, and by providing leadership assessment resources, a network of peers, sector expertise, and targeted financial capital.
- Development Plan
- Mentor Engagement
- Development Activities
- Long Term Assessment
The Global Good Fund supports entrepreneurs in their natural work environments through a first-of-its-kind 360 leadership assessment tool, the 360 MIRROR, specifically designed for entrepreneurs. This tool is a behavior-based assessment of the skills and values associated with great leaders.
The results of the assessment and conversations with a Global Good Fund Leadership Development Coach form the basis for a Leadership Development Plan to be implemented with support of a Global Good Fund Mentor.
The Global Good Fund Network of Executive Mentors is comprised of seasoned business leaders with experience leading successful companies who volunteer their time to mentor our entrepreneurs. Some of our mentors are also Veterans.
Program participants will be exposed to various activities throughout the year, such as our annual Summit, a four-day curated leadership development experience. Additionally, participants will choose different leadership opportunities to pursue based on the goals they want to achieve during the program.
Each Fellow retakes the leadership assessment at the end of the Fellowship and then 1, 3, 5, and 10 years post Fellowship to track his/her growth.
We administer the 360 MIRROR, leadership assessment tool designed specifically for social entrepreneurs to derive feedback from their board, staff, peers, and stakeholders as well as the Fellow. The Fellow will retake the leadership assessment at the end of the Fellowship and then 1, 3, 5, and 10 years post Fellowship to track his/her growth.
Leadership Development Plan
The results of the 360 MIRROR are used by each Fellow with his/her Leadership Development Coach (LDC). The LDC serves as an executive coach. The 360 MIRROR data points combined with one-on-one LDC interactions over 3 months result in each Fellow creating a personalized Leadership Development Plan (LDP).
Each Fellow is paired with an Executive Mentor who is an established business or non-profit leader. The Fellow-Mentor relationship spans nine months with the goal of implementing the LDP and leveraging the Mentor's leadership insights. Fellow-Mentor check-ins occur every two to three weeks through virtual meetings. The Fellow-Mentor relationship may continue after the Fellowship if the Fellow and Executive Mentor so choose.
Fellows participate in an annual Global Good Fund Summit each spring. This 4-day event provides a platform for networking between Fellows, LDCs, Coaches, Alumni, and The Global Good Fund staff. The Summit is a curated leadership development experience for each Fellow.
Each Fellow receives a leadership development grant of up to $10,000. These funds are used explicitly for LDP implementation and leadership development with a special focus on experiential learning.
Peer and Subject Matter Expert Network
Fellows are part of a global cohort of social entrepreneurs. The Global Good Fund facilitates regular interaction among the Fellows. Fellows are encouraged to engage each other, Alumni, and Content Experts in tackling leadership development challenges. The Global Good Fund intentionally connects Fellows with Content Experts to address specific functional, sector, or geographic issues faced by each Fellow.