If you are a social enterprise organisation looking to develop an Impact Led Strategy this Slideshare from the CAN Invest team provides insight into the 5 practical components that need to be considered to start the journey.
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5 Key Components to developing an Impact Led Strategy
1. The 5 Key Components to
developing an impact-led strategy
July 2014
2. What does an impact-led strategy look like?
In this Slideshare we will take a look at the 5 key
components of an impact-led strategy for your
organisation.
Summary
3. Understanding how your organisation generates social
value, and how operational decisions affect this is really
important.
This means ensuring you have KPIs linked to outcomes
that you can report on at least quarterly, and that
decision-makers have access to ‘live’, reliable impact
data.
1. Understand your impact
4. Ensure that your organisation understands the key risks
to delivering its intended impact. This could be at the
strategic level (e.g. Mission drift), or the operational
level (e.g. Availability of finance), or even related to
specific outcomes in your Theory of Change.
Also make sure you’re aware of what the drivers of
these risks are and plan how to manage them to
mitigate the risks.
2. Understand risks to impact
5. Make sure your organisation has the capability and
knowledge to translate your social mission into actions
that deliver against your impact-led strategy.
This means having staff at all levels of the organisation
who are responsible for understanding and managing
impact – at Board, management and delivery levels.
3. Develop impact capability
6. Make sure there is also appropriate governance in place
to keep you on track to meet your objectives.
Your Board should be equipped to make impact-led
decisions and challenge management to maximise the
organisation’s impact with the resources you have
available within your legal obligations.
4. Put effective governance in place
7. Finally, your organisation needs to be able to
consolidate all this together into decision-making, and
ultimately, action.
Truly balanced decisions consider both the financial and
impact implications of different options so you can
prioritise as needed whilst ensuring you continue to
pursue your social mission.
5. Translate insights into action
8. These 5 steps are very top level but give you an
idea of the components of an impact-led
strategy and its application to decision-making.
9. To find out more about CAN Invest, our approach, services and
customers why not:
Visit - www.can-invest.org.uk
Connect with us
@_CANInest
CAN Social Enterprise
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