Revolutionising monitoring and evaluation through impact measurement

The advent of the SDGs, growing dissatisfaction with current economic models, the explosion of impact investing, impact measurement and other innovative finance models coupled with the potential that the fourth industrial revolution presents and the growing ubiquity of digital technology has created the context in which an overhaul of current monitoring and evaluation practices is required. Robert Picciotto says in …

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 …

Towards better monitoring and evaluation practice in performance measurement

Performance measurement is at the heart of all efforts by social investors and grantmakers to make social/community investment and development more effective. Philanthropists, donors, social and impact investors, governments and development agencies alike need more credible and timely evidence about their performance. While acknowledging that financial resources alone cannot drive sustainable development, the industry must strive to better understand how different types of development and …