Social Impact Management

Skills have multiple meanings and many elements. More than 54% of the total population of India is below 25 years of age. Over 62% of the population is in the working age group (15-59 years). Skill development efforts will decide if the demographic dividend of the country will become an asset or a liability. Only [&hellip;]</p>

The Companies (Corporate Social Responsibility Policy) Amendment Rules, 2021 signify the evolution of CSR in India, moving beyond compliance to a more strategic, structured, and impact-focused approach. This article outlines what stands out for us at 4th&nbsp;Wheel, in terms of the Government’s directive on how CSR is to be approached and undertaken by the private [&hellip;]</p>

What is a Baseline Assessment? A baseline assessment is an analysis of the current situation to identify the starting points for a programme or project, setting benchmarks against which future progress can be assessed or comparisons made. Baseline information builds a database against which to monitor and assess a programme’s feasibility, progress, and effectiveness&nbsp;– during implementation and [&hellip;]</p>

The CSR Companies Act of 2013 brought the importance of social responsibility of business to the forefront by mandating Corporate Social Responsibility (CSR) spends. It propelled the private sector to develop a CSR policy, have a rigorous implementation plan, and address key socio-economic needs of communities they operate within. &nbsp; The amended&nbsp;CSR rules of 2021&nbsp;require that any [&hellip;]</p>

Social Impact management is an ongoing practice of measuring and improving social investment outcomes to reduce negative and increase positive impacts of an organisation’s activities. It moves beyond impact measurement as an ‘after thought’ to measure successes of programme implementation, and recognises that&nbsp;‘effective impact measurement is an ongoing process’. Social Impact Management enables organisations to [&hellip;]</p>

Social Value International and 4th Wheel jointly organised an online webinar on Social Return on Investment. The two hosts discussed about the values and processes followed to undertake an SROI study. The learnings were backed by an case study from a large Indian conglomerate which undertook an SROI study for their Education projects. Please find [&hellip;]</p>

In the overall bigger picture of your business’s impact, Social Return on Investment (SROI) is one of the key indicators in determining the company’s social influence on its environment. Effectively surmised SROI can lend a hand in bettering a company’s program management. It provides a snapshot of the merit the company contributes towards its internal [&hellip;]</p>

Monitoring and Evaluation (M&E) are processes used to study the performance of projects and programmes implemented by entities such as governments, NGOs, and other organisations. They are divided into two parts: Monitoring occurs continuously during the programme Evaluation examines the impact of the program once it is completed The purpose of monitoring is to ensure [&hellip;]</p>

Confused about the difference between a Theory of Change and a Logical Framework? Review the graphic below to know more:</p>

For close to two months now, India has been in a nationwide lockdown propelled due to the highly infectious Coronavirus 2019 or COVID-19. To date, the pandemic has affected 212 countries and territories. This global health crisis has also become a humanitarian crisis by drastically and disproportionately upending lives and livelihoods. Consequently, the social and [&hellip;]</p>

Data is often described as the new oil, but the analogy is limited by the fact that oil loses value when consumed while data does not. The same data can be stored, sold, and used in multiple different ways without the knowledge of its original owner. This brings complex ethical concerns for evaluators in balancing [&hellip;]</p>

Dashboards track social performance and enable analysis based on innovative visualisations and tools to identify priorities for action. This data-driven initiative enables participation from a broad range of stakeholders.   Assignment Type: Technology and Data Analytics Thematic Domain: Healthcare  Overview: Owing to poor data, there were no target-oriented approaches, monitoring, or tracking of progress of healthcare access in rural [&hellip;]</p>