Wednesday 31 March 2021

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.

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