Information is power. Data makes it possible for founders to utilize social capital effectively. There is an enormous social capital market waiting to be exploited by startups. Evaluation and reporting of impact have become an aspect of business that cannot get dismissed. The world of impact creation has many stakeholders including, investors, social entrepreneurs, NGOs, corporates, policymakers, and foundations. These stakeholders want business engagements to get screened thoroughly. They also would like business decisions to be data-driven. Any organization looking to tap into social capital must be willing to carry out a comprehensive impact evaluation. Numbers justify any claim we have on social impact. Data enables stakeholders to moderate the creation of impact in line with their business goals.
There are many strategies and terms to impact evaluation. The globally acclaimed metrics include the sustainable development goals (SDGs) from the united nations and IRIS+. SDGs encompass seventeen established goals that most stakeholders align themselves to. IRIS+ has several impact evaluation resources. Often, social entrepreneurs view these frameworks as being of no significant help to their impact creation objective. Although a company can align itself to IMP's five impact dimensions, IRIS+, and SDGs, it is hard to understand how this will measure quantities. ImpactableX has a modeling framework that will make impact evaluation much easier for startups. Our simplified impact evaluation strategy will model impact creation dynamically and align the outcome with global standards outlined by IMP, IRIS+, and SDGs. Our goal is to assist companies to figure out their potential. We also make it possible for companies to access primary levers in their operations. This will give them the tools necessary to manage the impact. Our impact modeling framework will capture a company’s unique mission. The impact evaluation strategy we employ comprises three parts. They are valuation, definition, and attribution. Our processes are simple. Our well-trained and skilled analysts will educate your management team on the process. We start by defining the key impact metrics. We then review the model of business driving the impact metrics. Our social impact evaluation will provide information on the questions that should get asked. Our mission is to scale up impact. We have many resources to help startups accrue social value. You can schedule a session with us to discuss impact evaluation.
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