Theory of change – a critical tool for development professionals

The theory of change concept was originally developed to model and evaluate complex change initiatives, so it is closely related to systems change.The Aspen Roundtable on Community Change – which pioneered theory of change in the 1990s—has used it to explore areas like tackling systemic racism or promoting equitable economic development. Over time this practice became widely adopted and more …

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Social value and return on investment

Lets talk about social return on investmentGrantmakers, donors and philanthropists want nothing else, but to make an impact with their investments.  So do companies, foundations and trusts.  And – if you are a more commercially inclined social investor – there is still massive return on investment to be made from doing good. However, social return on investment it is a …

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Social Investment and Development Strategies Gone Wrong

In the following section we’d like to share some of our lessons learnt whilst providing strategic advisory and impact management and measurement services to our clients. We trust this article will provide you with greater insights into your own social investment and grantmaking practices and that our contribution to the sector’s body of knowledge will help to fast track best …

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2020: A New Dawn for the corporate social investment and development sector

Challenging TimesThe continuing economic crises have forced corporate social investors, grant-makers, donors and philanthropists to reconsider their contributions to society and social purpose organisations as well as their investment and development strategies. This refocus and reconsideration is compounded by increased expectations around transparency, accountability and questions have been asked regarding the effectiveness of grants, donations and corporate social investments. In …

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Social Innovation to Drive Shared Value

Social innovation is becoming a buzzword which is discussed around the world. There’s a surge in attention and government support for social development and social innovation, because it’s seen to be providing effective ways for addressing societal challenges and possible pathways towards more sustainable, inclusive and resilient societies.Today’s global challenges in line with the Sustainable Development Goals – from climate …

Understanding the concept and value of social innovation

The term social innovation has been used in a number of ways. Some of the earliest references, dating back to the 1960s, use it to refer to experimental research in the social sciences and humanities. Since then, the term has been used in reference to social enterprise and social entrepreneurship, technological innovations which yield social benefits, corporate social responsibility and …

Social capital – its value and how to measure it

The newly revisited concept of social capital is now prominent in several fields of social science. For Next Generation Consultants, the concept became important with the introduction of the integrated reporting framework that requires companies and organisations to report on how their activities either contribute to or diminish capital formation. The International Integrated Reporting Council’s guidance suggests that a company’s …

The value and importance of socio-economic research and baseline studies in social investment and development practices

Definition: Socio-economics is the study of the relationship between economic activity and social life. In many cases, however, socio-economists focus on the social impact of a specific kind of economic change. Such changes might include displacement of people due to a closing factory, village-to-city migration, market manipulation and even the signing of trade treaties, etc. Value: The goal of a socio-economic study …

Performance measurement and management – future critical tools for social and impact investors

Performance measurement and management practices – monitoring, evaluation and impact assessment – play an invaluable role in providing insights into becoming more effective. Lessons from past evaluation studies have shaped our current approach to development. The field of performance management continues to evolve in response to key pressures, reflecting and influencing trends in development thinking. While the tools for performance management and the approaches …