Insights into the Identification, Quantification, and Management of Impact

The marketplace is a competitive environment for startups. Without a strategy, your business will fail miserably. Fortunately, there is an enormous social capital asset waiting to get seized by growing businesses. Through impact evaluation and reporting, we can identify the impact potential of an entity and undertake strategic measures to achieve success. Stakeholders in the space of impact creation want transparency during the screening of activities and data-driven policies when making decisions. Every impact investor knows that impact metrics are important during due diligence and screening. Impact evaluation has become a requirement for everyone in the industry. Numbers provide proof of measurable impact. It also enables various stakeholders to supervise the creation of impact in line with their goals. There are many different terms and approaches to impact evaluation.

Most of us would be familiar with United Nations SDGs (Sustainable Development Goals). SDGs outline seventeen goals that stakeholders agree to align themselves to. IRIS+ outlines various impact evaluation resources, notably their primary set of metrics. They are impact metrics that stakeholders use to reference similar measurement units. IMP (Impact Management Project) has also outlined five impact dimensions that drive convergence around the units that should get measured. B Certification is a mode that uses popularly identifiable certification marks. It evaluates the impact generated through the operational footprint of a company. Impact funds and social entrepreneurs consider the frameworks to be of no value in the process of impact evaluation.

What founders want to know is how the various frameworks quantify environmental and social impact derived from sales. Although startups can align themselves with IRIS+, IMP, SDGs, and B Certification, it is hard to know how this measures quantities. The universal standards provide little insight when primary data is nonexistent or scant. Unlike other social impact evaluation companies, we use a simplified framework to measure impact. ImpactableX uses a dynamic evaluation framework that aligns with the universal standards. Our objective is to help companies identify and quantify their impact capital. We also give startups access to insights for the management of impact.

Enhance the Impact and Success of Your Startup through Impact Evaluation

ImpactableX intends to define, forecasting, and quantifying the social capital value available to founders and impact funds. We seek to elevate solutions that drive change and push your startup closer to success. Our unique modeling methodology will give founders the ammunition their need to make prudent management decisions over time. As other companies gamble with irrelevance, your startup business can position itself strategically by providing services and products that trigger social impact. We seek to exploit the impact potential of your company by intelligently evaluating your business and providing insights. Since the social capital asset available to startups is huge, impact reporting and evaluation have become necessary. Some of the stakeholders in the game of impact creation include investors, corporates, social entrepreneurs, NGOs, policymakers, and foundations. The common denominator among these players is that they all want data-driven and transparency during the screening of engagements.

All impact investors know that impact metrics are fundamental during due diligence and screening. Every actor in the space considers impact evaluation a necessity. Data is essential to claiming impact. It offers evidence and makes it possible for stakeholders to manage the impact created effectively in conformity with their goals. There is no shortage of taxonomies and approaches to impact evaluation. Some of the global standards that most stakeholders agree to align themselves to include; SDGs (Sustainable Development Goals), IRIS+, IMP's (Impact Management Project) five impact dimensions, and B Certification. For an unassuming social entrepreneur, the frameworks offer little practical guidance on impact evaluation. Many founders cannot wrap their heads around how a growing enterprise can quantify the environmental and social impact generated through sales.

ImpactableX is here to make things easy for you. We simplify impact evaluation by using a model that dynamically demonstrates impact creation in convergence with globally acclaimed standards such as IMP, IRIS+, and SDGs. ImpactableX will help your company to quantify its impact potential. We also give growing companies access to primary levers that drive impact operations. Our company empowers clients with the management tools needed to manage impact effectively. The framework we use seeks to capture the particular mission of every company. We use three components (definition, valuation, and attribution) during impact evaluation. Every company in our portfolio can access our team over a one-year certification duration. We seek to scale up the impact by deploying our resources. Please schedule a consultative meeting with us. You can also learn more about us by visiting our website www.impactablex.com/impact-evaluation.