5.10 Create one or more impact business models
Business Strategy And Product Management
Produce a document that shows how the organisation is taking steps to become as resilient as possible.
Criteria
- Theory of change: Human-testable
Complete and operationalize a theory of change process with requisite documentation to identify the impact the organization aspires to achieve, how it will generate revenue, how it will create shared or added value from these activities, and how it will measure results based on desired outcomes. In the case of projects already underway, how these are generating revenue and actively tracking and measuring progress against desired outcomes.- 5 Steps to Calculating Your Sustainability ROI
- Choose the right metrics
- Five Ways to Create Shared Value
- GR491 – 1-3004 – Financial Added Value
- How to create business value through digital sustainability
- How to Design an Impact Business Model
- Mightybytes Theory of Change Template
- Models of Impact
- Profits with purpose
- Sustainability innovations and firm competitiveness
- United Nations SDGS – Goal 1 – Poverty
- United Nations SDGS – Goal 8 – Economics & Work
- United Nations SDGS – Goal 10 – Inequality
- United Nations Theory of Change (PDF)
- What Are Sustainable Business Models?
Benefits
- Environment
Business models focused on the customer and the wider ecosystem rather than just financial indicators can benefit the environment such as through reducing overconsumption of resources and disencouraging incentives for unethical behavior, leading to a reduction of emissions. - Social Equity
Adding social indicators (such as the shared value within digital services) can reduce negative social impacts such as impoverishment or exploitation.
GRI
- Materials: High
- Energy: High
- Water: High
- Emissions: High