What is a Theory of Change?
Make an Impact CIC
Creating a world where all businesses are social enterprises that make a positive impact on people and the planet.
What is a theory of change? ??
A theory of change is a framework that outlines the steps a business should take to achieve desired impact or outcomes. It’s a comprehensive explanation of how a business believes its actions will lead to specific outcomes or results. ??
Typically, you should begin by outlining your desired end goals and then work backwards to identify the intermediate steps or outcomes that must be achieved to reach those goals. You should also include assumptions about the context in which your business operates, the resources available to you, and the potential barriers or challenges you may face.
A theory of change can help you to identify the most effective strategies and interventions to achieve your goals, and to measure and evaluate your progress along the way. It can also be a useful tool for communicating your business's mission and impact to stakeholders. ??
Have you completed a theory of change?