Understand the Impact Potential of Your Company through Social Impact Assessment

 The goal of ImpactableX is to simplify the process of assessing social impact through the provision of a framework for major impact modeling. Our impact assessment methodology will generate standardized, quantified, and standardized impact analytics. Our impact modeling structure got developed by an acclaimed impact accelerator known and Good Company Ventures. The primary modeling framework from ImpactableX makes it possible for founders to assess the impact produced under different growth circumstances. The framework also helps founders to arrive at management resolutions that maximize impact and revenue. Our modeling framework is applicable under any business framework, at any developmental stage, and vertical impact. As the sales estimates evolve and as primary data for impact gets collected, founders can revise inputs to the impact model to comprehend broader consequences.

The approach we use for the assessment of social impact supersedes the inert snapshot quantification. It offers a centralized and consistent tool for impact management that evolves dynamically. ImpactableX offers guidance to founders during impact assessment by using three components to build a unique impact model identifiable to their company. The first component is "definition." We define the primary impact metrics of the company. These are the measurable impact expressions that quantify the relevant value proposition drivers of a company. After this, our template for impact measurement aligns the impact metrics with acceptable global standards such as the IRIS+ and SDGs (Sustainable Development Goals). This alignment helps to ensure that everyone is working towards achieving aligned goals and measuring the same units.

During attribution, ImpactableX evaluates the institution's contribution to social and environmental problems compared to the bottom line. We compute the changes attributable to the unique interventions of a company. The attribution step provides insights into the efficacy of impact and the total impact output over a typical five-year period. A comprehensive analysis of business impact makes it possible for management personnel to visualize the impact potential of their company under different circumstances. Impact assessment empowers social entrepreneurs with the ability to comprehend the value generated by their innovation. Find out more here www.impactablex.com/impact-assessment.

Generate Impact for your Business through Social Impact Assessment

 ImpactableX has the tools to simplify impact assessment by providing a primary impact modeling structure that produces standardized, quantified, and verified impact analytics. The impact model got designed by an acclaimed impact accelerator. The target for this impact model is investors and social entrepreneurs. ImpactableX has a primary modeling structure that makes it possible for founders to analyze the impact created under different growth circumstances. Our team will help you to make significant management decisions to maximize impact and revenue. Our impact assessment model can be used on any business model and vertical impact. The ImpactableX model can also be used on a business that is at any development stage. As the sales estimate evolves and new primary data is collected, it is possible to revise inputs to the primary model to comprehend the wider consequences.

The methodology of social impact assessment exceeds the static quantification snapshot. It offers centralized and consistent tools of impact management that evolve dynamically. ImpactableX offers guidance to founders concerning the three frameworks for the building of a personal impact model. To start with, ImpactableX defines the primary impact metrics of the company. These are the measurable expressions, capturing the noticeable value proposition drivers of the company. After this, the impact assessment prototype will associate the measured metrics with acceptable global standards, such as IRIS+ and SDGs (Sustainable Development Goals).

During attribution, ImpactableX evaluates the company’s contribution to a given problem and compares it to the set baseline. ImpactableX calculates the change that can be directly attributed to the interventions made by the company. The attribution stage produces insights into the efficacy of every unit of impact and the total output of impact over a typical five-year period. Thorough impact analysis of the business makes it possible for the management crew to visualize the impact potential of the company under different circumstances. The valuation stage helps entrepreneurs understand the value generated by their innovation.

How to Evaluate the Environmental and Social Impact of Your Business

Impact evaluation may assume different states. There are many approaches and terms to impact evaluation. The sustainable development goals (SDGs) are seventeen yardsticks that most global stakeholders are committed to meeting. There are a set of resources that IRIS+ has released for impact evaluation. Fundamentally, IRIS+ has a taxonomy of core metrics under which stakeholders can reference universal measurement units. The project of impact management has five impact dimensions that drive the coming together of what should be measured by everyone. B Certification is also a widely recognized model of certification that evaluates the impact generated through the operational footprint of a company. If you are an impact fund or social entrepreneur, the impact evaluation frameworks offer little guidance in practice. It is hard to understand how a rising company can quantify the environmental and social impact that emanates from sales.

How will companies measure quantities, more so during its early stages when primary data on impact is limited or non-existent? However, ImpactableX makes it much easier for companies to do impact evaluation. The beauty of ImpactableX is that it simplifies the framework of impact evaluation to dynamically model the creation of impact in conformity with the SDGs and other global standards. ImpactableX assists companies to quantify the potential of their impact and offers them access to primary levers in impact operations. Our team will provide the tools needed for companies to manage their impact accordingly. ImpactableX has a consistent framework. Each Xmodel has been tailored to account for the unique objective of the company. Our evaluation model has three components: attribution, definition, and valuation.

A company is defined by its measurable core metrics. ImpactableX evaluates the extent to which services or products can impact environmental or social challenges as compared with the baseline. The baseline is informed by research from third parties. The last stage is evaluation. ImpactableX evaluates the economic consequences of the impact which ultimately translates the impact created into financial figures. From social impact comes external value for the company that has not been reflected in their revenue. ImpactableX relates this value to the revenue, opening the way for important insights into business model efficiency as an impact lever.