- Better public transport helps industries attract talent from far-off areas in the city.
- Increased public access to industrial areas results in more and cheaper employment.
- This makes cheaper industrial areas and outskirts of city/town a viable business location.
- Thus, making it a good ground to attract investors both foreign and domestic markets.
This is one scenario that defines how our intended outcome resulted from the initiative. In reality, the theory of change models are more complicated. They take into account all the possible scenarios (good or bad) and highlight all possible assumptions taken and prerequisites needed for us to achieve the objective.
For example, what if increased public accessibility to employment increases competition and lowers payscale? In the absence of enough land/infrastructure in the industrial areas and outskirts new companies might not be attracted thus, there will be more competition for existing jobs and no social or economic benefit from our investment.
This immense complexity in defining and implementing Theory of Change models requires us to use specialized tools to backup our thought process and result in a working model. Today, software like ImpactCloud are not just able to build Theory of Change models but also connect them to Impact Metrics hence, resulting in a 360-degree view of the planned action to the intended goal.
In this article, we will see how Impact Cloud® helps at different stages of Theory of Change implementation all the while exploring the model in further detail. Let’s dive in.
To start with building a TOC model you can refer step by step guidance in Actionable Impact Management Guidebook Volume One: Groundwork