60 Decibels’ Post

Impact assessment Is I ok if the impact is assessed as per the organisation ' s objectives and goals? Is it okay if the larger context is ignored? For example sustainable development goals! Can the larger context be also integrated with the organisation objectives and impact be measured? What if the baseline data is oblivious to the larger context and organisations objectives? What if there is no data/internet at the ground level. At verduntum we work with you in solving the problems!

What is PESTLE analysis, and why should any company use it? Here is an evaluation of its significance. PESTLE analysis is a strategic tool used to analyze the external macro-environmental factors that can impact an organization. It stands for Political, Economic, Social, Technological, Legal, and Environmental factors. Here's a detailed significance of PESTLE analysis and why companies should use it: ✔ Understanding the External Environment: PESTLE analysis helps companies gain a comprehensive understanding of the external factors that could influence their operations and strategic decisions. Each component (Political, Economic, Social, Technological, Legal, Environmental) represents a critical aspect of the broader environment in which the organization operates. ✔ Risk Assessment: It enables organizations to identify and assess potential risks arising from changes in the external environment. For example, changes in government policies (Political), economic downturns (Economic), shifts in consumer behavior (Social), advancements in technology (Technological), new regulations (Legal), and environmental concerns (Environmental) can all pose risks to a company’s profitability and operations. ✔ Opportunity Identification: Beyond risks, PESTLE analysis also helps in identifying opportunities. For instance, favourable government policies (Political), economic growth in new markets (Economic), emerging consumer trends (Social), technological advancements (Technological), changes in legislation (Legal), and increasing environmental awareness (Environmental) can present opportunities for growth, innovation, or market expansion. ✔ Strategic Planning: Companies use PESTLE analysis to inform their strategic planning processes. Organizations can align their strategies by understanding external factors to capitalize on opportunities and mitigate risks effectively. It helps in setting realistic goals and adapting strategies to the external environment. ✔ Long-Term Sustainability: PESTLE analysis aids in enhancing the organisation's long-term sustainability. By being aware of external trends and developments, companies can proactively adjust their operations, products, and services to remain competitive and relevant in changing markets. ✔ Policy and Decision Making: It supports the organisation's informed policy-making and decision-making processes. Executives and managers can use insights from PESTLE analysis to make decisions regarding investments, resource allocation, partnerships, and market entry strategies. ✔ Adaptation to Change: In today's dynamic business environment, continuous adaptation is crucial for success. PESTLE analysis provides a structured approach to monitoring and responding to changes in the external environment, helping companies stay agile and responsive. #Brief #business_strategies #framework #education #genie #MBA #PESTLE

Special Issue "COVID-19 and Management Scholarship" is out! Start by delving into the editorial written by Gerard George, Gokhan Ertug, Hari Bapuji, Jonathan P. Doh, Johanna Mair, and Ajnesh Prasad. In addition to introducing the articles in the special issue, the editorial provides a brief overview of the most-cited work on COVID-19 in business and management and in other disciplines to underscore the similarities and differences between them. Arguing that complementing management research with a phenomenon-focused research would help us achieve scholarly impact as well as broader impact, we introduce an integrative, phenomenon-centered framework, using the pandemic as an example. Learn more about the editorial and special issue here: https://lnkd.in/deCd37aT #COVID19 #Management #BASeditors

Participatory approaches to monitoring and evaluating projects offer several key benefits; Stakeholder Engagement- Involves beneficiaries, fostering ownership and commitment. Improved Data Quality- Utilizes local knowledge for more accurate, context-specific insights. Capacity Building- Develops skills among participants, promoting sustainability. Transparency and Accountability- Encourages open processes, building trust and responsibility. Adaptive Management- Supports flexibility and continuous learning for project improvement. Empowerment of Marginalized Groups- Ensures underrepresented voices are included, promoting equity. Better Decision-Making- Facilitates informed, collective choices for more effective outcomes. #ThepowerofParticipatoryapproachesoInME

As a policy analyst, lead the way in making well-informed decisions! Research and analysis are carried out by policy analysts to create suggestions that influence public policies. Policy analysts put forth a lot of effort to address societal issues and promote change, whether they are related to healthcare, education, environmental sustainability, or economic development. This exciting career path is waiting for your expertise when you're passionate about changing the world and influencing policy results. #peadato #research #Policyanalysts #peadatoresearch

The Critical Need for Research-Based Interventions In today's rapidly evolving world, the need for research-based interventions has become more critical than ever. It's imperative that we not only rely on anecdotal evidence or traditional methods but also embrace data-driven approaches to solve complex problems At Capacity 1st we are committed to driving positive change, by prioritizing research-based interventions in our work. By combining our expertise with data-driven approaches, we create sustainable solutions that address challenges effectively and make a lasting impact. Research based interventions leads to: 1. Continuous improvement as provides an opportunity for ongoing evaluation and refinement based on data which helps to enhance interventions over time, ensuring they remain relevant and impactful. 2. Learning and Knowledge Sharing: Research contributes to collective learning and knowledge sharing within professional communities. It facilitates the exchange of best practices, lessons learned, and insights gained from different interventions, fostering a collaborative environment. 3. Scaling Impact: Research helps us understand scalability factors, potential barriers, and strategies for widespread implementation without compromising effectiveness 4. Evidence-Based Decision Making: Research-based interventions provide a solid foundation for decision-making processes. They offer insights into what works and what doesn't, enabling us to make informed choices backed by data rather than assumptions. Do you want to have more impactful interventions? Talk to us, and together we shall co-create better and more sustainable research-driven solutions #Research #Interventions #DataDriven #Impact

An example use case for companies preparing their long list of IROs backed by data and science: Determining the materiality of air pollution as a topic, and prioritize addressing the associated risks and opportunities compared to other items on your list of IROs. According to EFRAG's guidance, companies will need to consider the severity of impacts due to the release of air pollutants. Typically: 1. Assess the geographical spread of air pollutants - Scope 2. Assess the impact of air pollutant emissions on the local population, a key stakeholder whose exposure is often underrepresented (you may a silent stakeholder) due to insufficient data and clear scientific evidence - Scale 3. Look at the likelihood of respiratory diseases caused by inhalation of air pollutants - Likelihood 4. Factor in costs for managing health consequences - Remediation 5. And then also examine air pollution as a driver of biodiversity loss (ESRS E4) - Interaction with other ESRS Pillars How else would you manage the reputational and regulatory risks from your air pollutant emissions? How else to tie-together mandatory sustainability reporting compliance with actionable, decision-useful data for your sustainability strategy? Imagine the costs and effort required to build this capability from scratch and gather the necessary data! GIST Impact's extensive investor grade data on over 14,500 companies, combined with our expertise in conducting double materiality score calculations, provides the robust evidence needed to effectively engage and inform your stakeholders to either validate existing IRO long list or discover new ones. Download our methodology whitepaper to know how we generate CSRD aligned double materiality scores: https://lnkd.in/gqZ8nqwf #CSRD #IROs #SilentStakeholder #DoubleMateriality #ESRSE2 #ESRSE4

🚀 In a world driven by data, program evaluation stands as a pivotal tool, turning raw numbers into meaningful stories. How do we ensure that our programs not only reach their targets but also create a lasting impact? 1️⃣ Define Clear Objectives: Start by setting specific, measurable goals. What does success look like for your program? 2️⃣ Choose the Right Methods: Whether it’s quantitative, qualitative, or a mix, selecting appropriate evaluation methods is crucial. Each project has its unique demands – understanding these nuances is key. 3️⃣ Engage Stakeholders: Involving everyone, from participants to funders, in the evaluation process ensures diverse perspectives and increases the buy-in for changes. 4️⃣ Analyze and Adapt: Evaluation is about assessment AND evolution. Use your findings to refine and improve your programs. 💡 Remember, program evaluation isn’t a box-checking exercise. It’s an opportunity to learn, grow, and amplify impact. #ProgramEvaluation #DataDrivenDecisionMaking #ImpactAssessment #ContinuousImprovement

Founders, a former McKinsey #consultant/operator who now runs his own firm, shared 1,627 KPIs (measure performance based on key #business #goals), even though some are loosely used as #metrics (measure #performance or #progress for specific business activities) as well, by insiders across 32 industries!!! 🤩 📝 🤑 🙌 🤗 Download the spreadsheet (from our discord) and start tracking your KPIs/metrics 👉 https://lnkd.in/g_C6A-h2 32 industries covered: 👉 #aerospace and #defense 👉 #agriculture 👉 #automotive 👉 #biotechnology 👉 #chemicals 👉 #consumer packaged #goods 👉 #cosmetics and personal #care 👉 #education 👉 #energy 👉 #financial services 👉 #healthcare 👉 #insurance 👉 #manufacturing 👉 #media and #entertainment 👉 #medical devices 👉 metals and #mining 👉 non-profit 👉 #oil and #gas 👉 #pharmaceuticals 👉 private #equity 👉 #professional services 👉 pulp and paper 👉 real estate and #construction 👉 #restaurant 👉 #retail 👉 #social sector and non-governmental organization 👉 #software 👉 #technology 👉 #telecommunications 👉 travel and #logistics 👉 #waste #management 👉 wine, beer, and spirits By sharing this wonderful compilation, Will Bachman just helped us saved plenty of precious time. Bless him. 🙏 👉 If we aren't measuring our operational and business activities, we can't analyze our progresses 👉 If we aren't #benchmarking our KPIs and metrics, we can't compare our performances "Pay attention to the metrics that industry insiders pay attention to." (Prudent advice given to Will by his former McKinsey Partner)

The report The Futures Toolkit, prepared by the UK Government Office for Science in collaboration with SAMI Consulting, provides a comprehensive framework designed to assist #policymakers in developing #resilientstrategies and #policies amidst an increasingly uncertain future. This toolkit aims to enhance the ability of #governments and organizations to anticipate change, #managerisks, and leverage #opportunities through a systematic approach to #futureplanning. Key Components: 1. Understanding Uncertainty: • The report emphasizes the importance of recognizing and embracing uncertainty in the policymaking process. It outlines how traditional forecasting methods may fall short in today’s complex and dynamic environment, encouraging a shift towards more flexible and adaptive planning approaches. 2. Futures Thinking Framework: • The toolkit introduces a structured framework for futures thinking, encompassing various methodologies and techniques to explore different possible futures. It encourages policymakers to consider multiple scenarios and perspectives, enabling them to identify potential risks and opportunities. 3. Scenario Planning: • Scenario planning is highlighted as a key tool for exploring diverse futures. The report outlines methods for creating detailed scenarios that reflect various social, economic, technological, and environmental changes, helping policymakers visualize the implications of different choices. 4. Horizon Scanning: • The toolkit promotes horizon scanning as a proactive approach to identify emerging trends and signals of change. By systematically monitoring developments across various fields, policymakers can better anticipate potential challenges and opportunities. 5. Stakeholder Engagement: • Engaging a wide range of stakeholders is crucial for developing robust policies. The report stresses the importance of collaboration and inclusive dialogue, enabling diverse perspectives to inform the policymaking process and enhance the credibility of strategies. 6. Robustness and Flexibility: • Policies and strategies must be designed with both robustness and flexibility in mind. The toolkit provides guidance on how to create adaptive policies that can respond effectively to unforeseen developments while maintaining core objectives. 7. Implementation and Evaluation: • The report outlines best practices for implementing and evaluating policies developed using the toolkit. Continuous monitoring and feedback mechanisms are emphasized to ensure that strategies remain relevant and effective over time. Conclusion: “The Futures Toolkit” serves as an essential resource for policymakers seeking to navigate the complexities of an uncertain future. By incorporating innovative methodologies such as scenario planning, horizon scanning, and stakeholder engagement, the toolkit empowers decision-makers to create resilient policies that can withstand volatility and change.