What to Expect From Our Impact Assessment Process & Why Is It Important?

Oftentimes social investors, grant-makers and donors are put off by the cost of an impact assessment.  But the cost of an impact assessment is directly related to the size of the investment, number of investments made, programs funded, location and the scale & size of these interventions. In addition, it’s influenced by how much information is available (i.e. strategies, monitoring …

Telling Your Impact Story

Whilst many donors, grant-makers, social purpose organisations and social investors are keen to report on their investments and impact, it’s not that easy to develop a good impact report.  Reporting your impact can help you to: Over the past few years we worked with some of Africa’s largest social investors to develop impact reports that speak to their stakeholders’ expectations, …

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 …

Determining impact and return on investment: Searching for a holy grail?

Assessing the impact of sustainable development programmes, especially ongoing performance measurement and management, has gained momentum in recent years. The interest and growth in numerous approaches, technologies, processes and systems that aim to understand the difference a development intervention can make can be attributed to impact investors’ and other stakeholders’ expectations. But determining impact and return on investment can at …