ImpACT Lernkarten Chapter 1

• direct or indirect changes
• can be beneficial as well as adverse
• results from a specific act, series of acts, programm or project
• can also be called "effect"

Who will be affected?

How much?

In what way?

Over what timeframe?

The TBL demands that companies consider the economic, social, and environmental value either added or erased.

Impact is the net value added or destroyed from businesse operations, balancing profit with environmental and social concerns

According to the UN Bruntland comission in 1987: Sustainable development means meeting the needs of the present without compromising the ability of future generations to meet their own needs.

The SDGs are a blueprint for peace and prosperity, adopdet by all UN Member states in 2015.

The UN's 17 Sustainable Development Goals (SDGs) provide a framework for businesses to make decisions and take actions that consider the environment, society, and the economy.

it is the identification, production, and application of new or improved solutions therefore engenders change in how problems are solved

1. What are the problems?
2. For whom do these problems exist?
3. How substantial are the problems?
4. Under which conditions are the problems worsening?

Problems are solution agnostic

invention ≠ innovation

creativity ≠ innovation

Someone who perceives an opportunity and creates an organization to pursue it regardless of the resources currently controlled

1. What are the opportunities?
2. Local or global?
3. Short- or long-term?
4. How can they be discovered or created?
5. What actions are needed to take advantage of the opportunities?

It is critical to explore potential ways to act upon.

Might not be solution agnostic

Causation:

The starting point is the desired outcome, with the focus on the necessary resources to achieve it.

Effectuation:

The starting point is the available resources, with the focus being on evaluating possible outcomes rather than predetermined goals.

1. Bird in Hand (What means do I have?)
2. Affordable loss (How much am I willing to lose?)
3. Crazy quilt (How many partnerships can I build and utilize?)
4. Pilot in plane (worldview - Taking control by shaping the future)
5. Lemonade (Can I turn something unexpected (lemons) into something profitable?)

Sarasvathy: Innovation and entrepreneurship involve dynamic coalitions and co-creations of futures among diverse stakeholders.

Calas: Shift from viewuing entrepreneurship purely as economic activity to recognizing it as social change activity with various outcomes.

Social: Market-based solutions to social issues such that benefit accrue primarily to targeted beneficaries, as opposed to owners

Environmental: Discovering, evaluating, and exploiting economic opportunities that are present in environmentally relevant market failures

Responsible: Responsible innovation means taking care of future through collctive stewardship of science and innovation in the present