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OUTCOME INVESTING A BRIEF INTRODUCTION FOR NEW BOARD MEMBERS Based on the Rensselaerville Institute’s Outcome Framework
A DIFFERENT APPROACH  TO ASSIST INVESTORS & RESULTS MANAGERS TO BECOME: <ul><li>Energized </li></ul><ul><li>Focused on  re...
CORE ASSUMPTIONS <ul><li>Success means result achievement </li></ul><ul><li>The Investor must be clear in terms of the out...
RESULTS vs. PROCESS <ul><li>RESULTS are quantifiable changes that happen for customers because of the interactions they ha...
Outcome Management System
ROLES The role of Investor  -  allocating and managing resources aimed at achieving success for  consumers . The role of R...
INVESTOR ROLES <ul><li>Direct Investor  – Invest funds in programs with the intent of achieving results that contribute to...
DIFERENT TOOLS FOR DIFFERENT TASKS <ul><li>Strategic Planning (Strategic Mapping) </li></ul><ul><li>Funding Application (C...
STEPS TO MOVE FROM BEING A FUNDER TO BEING AN INVESTOR <ul><li>Pre-Contract </li></ul><ul><li>Contract </li></ul><ul><li>P...
STEPS TO MOVE FROM BEING A FUNDER TO BEING AN INVESTOR <ul><li>Pre-Contract </li></ul><ul><ul><ul><li>Step 1: Investor Cla...
STEPS TO MOVE FROM BEING A FUNDER TO BEING AN INVESTOR <ul><li>Contract </li></ul><ul><ul><ul><li>Step 6: Different Review...
STEPS TO MOVE FROM BEING A FUNDER TO BEING AN INVESTOR <ul><li>Post-Contract </li></ul><ul><ul><ul><li>Step 10: Quarterly ...
<ul><li>Define the Vision </li></ul><ul><li>Provide the boundaries </li></ul><ul><li>Guide without dictating </li></ul><ul...
OUTCOME INVESTING FLOWCHART VISION Outcome Outcome target target target target target target target Outcome Outcome target...
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Board Outcome Investing Orientation

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Board Outcome Investing Orientation

  1. 1. OUTCOME INVESTING A BRIEF INTRODUCTION FOR NEW BOARD MEMBERS Based on the Rensselaerville Institute’s Outcome Framework
  2. 2. A DIFFERENT APPROACH TO ASSIST INVESTORS & RESULTS MANAGERS TO BECOME: <ul><li>Energized </li></ul><ul><li>Focused on results and learning </li></ul><ul><li>More effective </li></ul>
  3. 3. CORE ASSUMPTIONS <ul><li>Success means result achievement </li></ul><ul><li>The Investor must be clear in terms of the outcomes they want to achieve through their investments </li></ul><ul><li>Planning and doing are inseparable. </li></ul><ul><li>Partnership of investor and results manager greatly enables success. </li></ul><ul><li>Outcome thinking encourages innovation and learning. </li></ul>
  4. 4. RESULTS vs. PROCESS <ul><li>RESULTS are quantifiable changes that happen for customers because of the interactions they have with the program or service </li></ul><ul><li>PROCESSES are the activities, strategies, services, tactics or other action that is engaged in - in order to implement a program </li></ul>
  5. 5. Outcome Management System
  6. 6. ROLES The role of Investor - allocating and managing resources aimed at achieving success for consumers . The role of Results Manager - committed to achieving specified results for consumers and to change as required to get those results.
  7. 7. INVESTOR ROLES <ul><li>Direct Investor – Invest funds in programs with the intent of achieving results that contribute to Outcomes </li></ul><ul><li>Indirect Investor – Invest resources (technical assistance, information, staff time, training) in programs with the intent of influencing their commitment and enhancing their capacity to achieve results that contribute Outcomes </li></ul>
  8. 8. DIFERENT TOOLS FOR DIFFERENT TASKS <ul><li>Strategic Planning (Strategic Mapping) </li></ul><ul><li>Funding Application (Call for Co-Investors) </li></ul><ul><li>Application (Performance Target Outline) </li></ul><ul><li>Review & Selection (Due Diligence) </li></ul><ul><li>Grants Report (Portfolio Review) </li></ul>
  9. 9. STEPS TO MOVE FROM BEING A FUNDER TO BEING AN INVESTOR <ul><li>Pre-Contract </li></ul><ul><li>Contract </li></ul><ul><li>Post Contract </li></ul>
  10. 10. STEPS TO MOVE FROM BEING A FUNDER TO BEING AN INVESTOR <ul><li>Pre-Contract </li></ul><ul><ul><ul><li>Step 1: Investor Clarity & Approach </li></ul></ul></ul><ul><ul><ul><li>Step 2: Provider Community Communication: Change is Coming </li></ul></ul></ul><ul><ul><ul><li>Step 3: A Different Request for Applications; Call for Co-Investors </li></ul></ul></ul><ul><ul><ul><li>Step 4: Informational Workshop </li></ul></ul></ul><ul><ul><ul><li>Step 5: A Different Application (Performance Target Outline) </li></ul></ul></ul>
  11. 11. STEPS TO MOVE FROM BEING A FUNDER TO BEING AN INVESTOR <ul><li>Contract </li></ul><ul><ul><ul><li>Step 6: Different Review System </li></ul></ul></ul><ul><ul><ul><li>Step 7: Clarity Questions & Responses </li></ul></ul></ul><ul><ul><ul><li>Step 8: Board Review Committees </li></ul></ul></ul><ul><ul><ul><li>Step 9: Post-Investment Session </li></ul></ul></ul>
  12. 12. STEPS TO MOVE FROM BEING A FUNDER TO BEING AN INVESTOR <ul><li>Post-Contract </li></ul><ul><ul><ul><li>Step 10: Quarterly Results and Learning Reporting and Interaction </li></ul></ul></ul><ul><ul><ul><li>Step 11: Program Audit </li></ul></ul></ul><ul><ul><ul><li>Step 12: Best Practices Session </li></ul></ul></ul><ul><ul><ul><li>Step 13: Annual Report – Reflection </li></ul></ul></ul>
  13. 13. <ul><li>Define the Vision </li></ul><ul><li>Provide the boundaries </li></ul><ul><li>Guide without dictating </li></ul><ul><li>Create an environment that facilitates learning </li></ul><ul><li>Use Results & Learning </li></ul>Embracing an Outcome Investment System requires one to LEAD CHANGE BY EXAMPLE
  14. 14. OUTCOME INVESTING FLOWCHART VISION Outcome Outcome target target target target target target target Outcome Outcome target target target Target area target Target area Target area Target area Target area Target area Target area target target target target target

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