troy stremler

8
©2012 Newdea, Inc. Confidential and Proprietary Zurich, Switzerland Newdea Our Impact Lessons

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Measuring the impact of investments remains a main challenge for sustainable finance professionals and, together with Climate Change, an overarching theme at TBLI. Sixteen related workshops offer debate on ESG and Impact Investing trends, private equity, portfolio strategy, food production, emerging markets, sustainable energy or philanthropy investing.

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Page 1: Troy stremler

©2012 Newdea, Inc.

Confidential and Proprietary

Zurich, Switzerland

Newdea – Our Impact Lessons

Page 2: Troy stremler

©2012 Newdea, Inc.

Confidential and Proprietary

2

Impact is a journey

“Too often we are so preoccupied with the destination, we forget the

journey”

A Successful Journey includes:

1. A great “Theory of Change”

2. Back the right people

3. Understand the DIKW Continuum

4. Invest in the right tools

5. Create an innovation culture

Page 3: Troy stremler

©2012 Newdea, Inc.

Confidential and Proprietary

3

Theory of Change

Have an Outcome Based Mindset

Page 4: Troy stremler

©2012 Newdea, Inc.

Confidential and Proprietary

4

The Theory of Change

The Theory of Change process involves defining and mapping all of the necessary and sufficient preconditions required to

bring about a given long-term outcome.

Can success and failure be properly evaluated?

Page 5: Troy stremler

©2012 Newdea, Inc.

Confidential and Proprietary

5

DATA KNOWLEDGE INFORMATION WISDOM

Planning Transparency

Accountability Strategy

Learning

Innovation

High Performance

Collaboration

Implement a DIKW Continuum Strategy

Page 6: Troy stremler

©2012 Newdea, Inc.

Confidential and Proprietary

6

Business Intelligence

Business Process

Services

Business Productivity

Services

Computing & Application

Services

IT Spending strategy to achieve higher Impact and Efficiency

Current average spending:

.75% - 1% of revenues

Current average spending:

.25% of revenues

Commoditized (Cost Centers)

Strategic (Investment)

Social Sector:

Leading humanitarian agencies spend between .5% to 2.4% of their budgets on IT compared 2.9% to 8.5% for the private sector. Lower investments yield a lower ROI on Impact and Efficiency!

Leverage information and knowledge to measure performance, aid decision making

Automate key workflows and gather information about the business

Deliver to employees the basic tools needed to communicate and collaborate

A secure and scalable IT services infrastructure foundation for growth, performance and reliable computing

Page 7: Troy stremler

©2012 Newdea, Inc.

Confidential and Proprietary

7

Walt Disney He was fired by a newspaper editor because, "he lacked imagination and had no good ideas." After that, Disney started a number of businesses that didn't last too long and ended with bankruptcy and failure.

Thomas Edison In his early years, teachers told Edison he was "too stupid

to learn anything." Work was no better, as he was fired from his first two jobs for not being productive enough.

Even as an inventor, Edison made 1,000 unsuccessful attempts at inventing the light bulb.

Failure is the highway to success. "If you want to succeed, double your failure rate.” Tom Watson Sr.

Systematically Learning From Failure Leads to Success

Page 8: Troy stremler

©2012 Newdea, Inc.

Confidential and Proprietary

8 Impact Reporting should be a bi-product of great program management, not marketing.

• Translate ESG reporting into sustainable business value

Corporate Environmental Social & Governance (ESG)

• Improve program funding with up-to-date performance metrics against clearly defined objectives

Grant-Making Organization

• Provide your partners with the right M&E solutions to collaborate and track aggregated outcomes

Government

• Attract Investors and create impact through a well-defined and executed theory of change

Impact Investment Fund

• Manage your programs to achieve full-scale outcomes and provide reports against your progress

Nonprofit Organization

• Power active collaboration among the private sector, NGO’s and Governments

Consulting Firm