Excellent perspective Alberto. Completely agree that there are many initiatives with different legal structures that are possible. Its valuable that you have connected these with types of funds and RoI.
Personally, I believe that more data needs to be captured in terms of qualitative impact and quantitative impact. My experience has been that for profit education entities measure a lot of parameters in order to show traction. The not for profits on the other hand, focus a lot more on qualitative impact...how much a human's life changed (or something like that).
The way entrepreneurs define scale is also very different for various categories. Maybe its because of this parameter or RoI. I have always wanted a much deeper collaboration among the various categories of players.
How do you like to see quantitative and qualitative impact measured?
I am assuming that quantitative impact can be measured by traditional metrics such as reach, completions, knowledge on completion? percentage of placements etc. And then a focus on human stories for qualitative impact presented as success stories.
Excellent perspective Alberto. Completely agree that there are many initiatives with different legal structures that are possible. Its valuable that you have connected these with types of funds and RoI.
Personally, I believe that more data needs to be captured in terms of qualitative impact and quantitative impact. My experience has been that for profit education entities measure a lot of parameters in order to show traction. The not for profits on the other hand, focus a lot more on qualitative impact...how much a human's life changed (or something like that).
The way entrepreneurs define scale is also very different for various categories. Maybe its because of this parameter or RoI. I have always wanted a much deeper collaboration among the various categories of players.
Akhil Kishore
Partner: GIA ADVISORS
Hi Akhil,
How do you like to see quantitative and qualitative impact measured?
I am assuming that quantitative impact can be measured by traditional metrics such as reach, completions, knowledge on completion? percentage of placements etc. And then a focus on human stories for qualitative impact presented as success stories.
I will be glad to know your thoughts.
Segun
Cofounder: Bridgia Africa
Segun: Thank you for taking the time out for reading and responding. Impact is a very subjective word as you know already. Maybe its about abundance and heart related work more than anything else. I like how Omidyar Network articulates in its work. I wrote about it here > https://www.linkedin.com/posts/akhilkishore_omidyar-network-workers-work-activity-7032213919498649600-WQe_?utm_source=share&utm_medium=member_desktop
Hope you will find it useful.
Akhil Kishore
Partner: GIA ADVISORS