Tuesday 13 July 2021

Identify and Define Impact Creation Through Impact Assessment

Social capital can influence the performance of your startup fundamentally. Many investors and social entrepreneurs struggle to measure impact. Founders may not have the insight needed to drive environmental and social impact. If entrepreneurs can accurately identify the impact capacity of their businesses, they can unlock the numerous social capital available to them. Everyone wants some clarity regarding the impact operations of their company. However, most of us are perplexed on how to seize this opportunity. The expectation is that impact assessment will be costly and farfetched. The truth is that this space contends with complex terminologies and approaches. However, there are social impact assessment tools that can simplify the process of measuring impact. ImpactableX uses an acclaimed and simplified methodology for the standardization, verification, and quantification of impact analytics.

The primary modeling framework used by ImpactableX makes it possible to evaluate impact generation, notwithstanding the growth situation. Our framework offers insights on how to arrive at management resolutions that maximize impact and revenue. The modeling framework applies to every business model irrespective of the impact level or developmental stage. As the sales change and new data get collected, the inputs to this model can get changed to reflect the new reality. At every level, our impact model will help you understand the prevailing consequences. Our approach offers more than static quantification snapshots. It yields a centralized and consistent tool of management that evolves as business realities change.

Every innovation delivers some impact to the business organization. ImpactableX will provide proof points that indicate the value generated by these innovations. Social impact will be of value to the business. It will also save costs. Unfortunately, this value does not reflect on the revenue of the company. ImpactableX will identify this value by assessing the costs saved by a given demographic and geographical region. It is possible to evaluate the extent to which sales propel impact creation.

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