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An economic impact analysis (EIA) examines the effect of an event on the economy in a specified area, ranging from a single neighborhood to the entire globe. It usually measures changes in business revenue, business profits, personal wages, and/or jobs. The economic event analyzed can include implementation of a new policy or project, or may ...
A number of international agencies have also adopted this definition of impact. For example, UNICEF defines impact as "The longer term results of a program – technical, economic, socio-cultural, institutional, environmental or other – whether intended or unintended. The intended impact should correspond to the program goal."
Impact investing occurs across asset classes; for example, private equity/venture capital, debt, and fixed income. Impact investments can be made in either emerging or developed markets, and depending on the goals of the investors, can "target a range of returns from below-market to above-market rates". [6]
Impact investing is a strategy that aims to generate both financial returns and positive social or environmental change. Impact investing aims to support certain companies while also netting a ...
In some cases, impact becomes politicized due to a change in the governing regime between assessment and evaluation, and non-congruence might be amplified for ideological reasons. In other cases, the world is a complex place, and assessment is not a perfect art.
Social impact and social enterprise are not the same. Social impact may refer to the overall effects of a business, but a business that has social impact may or may not be a social enterprise. Social enterprises have socially bound mission statements and operate with the goal of solving a social problem as a part of their mission.
The environmental benefit comes from the recycling accomplished. In the private sector, a commitment to corporate social responsibility (CSR) implies an obligation to public reporting about the business's substantial impact for the better of the environment and people. Triple bottom line is one framework for reporting this material impact.
Change impact analysis is defined by Bohnner and Arnold [4] as "identifying the potential consequences of a change, or estimating what needs to be modified to accomplish a change", and they focus on IA in terms of scoping changes within the details of a design.