What makes first nations enterprises successful




















Some will require the first contact for all business proposals be with the Chief and Council; for others, the first contact may be with the First Nation Administrator or the CEO of their economic development corporation. When a First Nation has both an elected Chief and Council and Hereditary Chiefs, their protocol may require that any final agreement must have the support of both.

Unemployment is a primary concern for many First Nations. Providing training, employment and contracting opportunities to First Nation members and businesses has become a common element in partnership agreements.

Bringing a concrete First Nations employment and procurement strategy to the negotiation table would be a great selling point for a proponent. Most First Nations will desire representation on the management board, even if they hold a small equity interest in the partnership. Once the partnership is formed, maintaining the relationship with the First Nations partner is just as critical as it was in the negotiation stage.

It is important that a communication strategy is put in place to ensure that the partnership provides regular reporting to the First Nation leadership and the community at large. Private sector-First Nations partnerships are on the increase, as they can generate business opportunities that would not otherwise be available to either party acting on its own. Oct 14, — Annamarie Kersop. Aug 9, — Bruce J. Jun 24, — Annamarie Kersop. Additionally, they are often inundated with requests for meetings so keep that in mind while trying to book a meeting.

Also realize that meetings can be cancelled at very short notice if a community matter arises. First Nations have endured hundreds of years of top down approaches via the Indian Act. Avoid authoritative attitudes and approaches to issues.

Use a consensus building approach. Treat your First Nation partner with the same respect you would like shown to yourself. Be trustworthy and respectful. When they make a decision they weigh the impact on seven generations into the future and respect those who are no longer here. Individuals can become uncomfortable if asked to make decisions for the group. Oftentimes, community consultation, collective decision making, and permission to make decisions must occur - this can be time consuming so again, check your watch at the door and go with the flow.

Topics: Aboriginal Economic Development. We have hundreds of articles loaded with tips, suggestions, videos, and free eBooks for you. Happy reading! Indigenous Corporate Training Inc. Readers looking for more detailed information, or who have questions, can sign up for our fee-for-service training. Also, ICT encourages everyone who reads this information to use their best judgment given their own circumstances, vulnerabilities, and needs, and to contact a consulting or legal professional if you have more specific questions.

Join the conversation over on our Linkedin page. We also recognize the continuing presence of the neighboring Wampanoag and Nipmuc peoples.

Kennedy Street , Cambridge , MA All rights reserved. Skip to main content. Publication Detail. Indigenous economic development takes multiple forms. One of the most common ways that indigenous peoples attempt to meet needs for revenue, employment, and services is through nation-owned enterprises.

These are hugely diverse, ranging from timber companies and gaming operations to telecommunications enterprises and convenience stores. The record of such efforts is mixed: as with businesses everywhere, some succeed and others don't.

This paper examines how the actions of Native nations themselves can either undermine or strengthen their own enterprises, drawing on extensive research carried out by the Harvard Project on American Indian Economic Development at Harvard University and the Native Nations Institute for Leadership, Management, and Policy at the University of Arizona.



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