Executive Education at Oxford Saïd. The Oxford Impact Measurement Programme

Transcription

1 Executive Education at Oxford Saïd The Oxford Impact Measurement Programme

2 2 The Oxford Impact Measurement Programme Welcome While all organisations have impact, there is growing interest in better understanding and measuring the various dimensions of this impact from investors and funders, employees, customers and beneficiaries, and communities. Impact measurement is about more than just collecting data. It involves understanding why impact matters and for whom, engaging in robust measurement and performance management practices, and making better decisions on behalf of all stakeholders. Karim Harji Programme Director

3 3 The Oxford Impact Measurement Programme A one-week programme for experienced executives from the private, public and social sectors Lead with confidence Develop an informed understanding of approaches, frameworks and standards, and master the range of measurement tools. Improve your personal and organisational influence Be able to articulate clearly what you value and why it matters in order to navigate shared impact priorities. Manage for impact Move from measuring short-term outputs to long-term outcomes, and develop new insights for your stakeholders. Make better decisions Use robust impact data to inform your social investments, or improve your products and services. Expand your network Join a growing community of innovative, impact-focused companies, institutions, entrepreneurs, and funds. Quick facts 5 days Starting 9 July 18 Certificate of completion Membership of Oxford Business Alumni network Qualified, experienced peer group 8 regions represented 12 sectors

4 4 The Oxford Impact Measurement Programme Programme overview Day 1 Day 2 Day 3 Orientation Strategy Perspectives Overview of impact measurement theory and practice, state of the field What is impact? Why do we measure? For whom is impact most relevant? Who decides what matters? How do we situate the different stakeholders within impact measurement? What is the state of play around impact measurement practice globally? Themes include: defining impact, context, causal links, stakeholder participation, SDGs Building an impact measurement strategy for your programme or portfolio How do you define you theory of change? How do you set expectations around impact? How do you embed impact considerations within all stages of an impact portfolio or programme? What approaches, frameworks, and standards should you consider? Themes include: theory of change, aggregation, alignment, impact management, standards Situating impact measurement priorities within your organisation What methods and tools should you consider, and how do you choose among them? How do you build systems and capability to build excellence in impact measurement, including using technology? Whose perspectives are included and excluded as a result of these choices? Themes include: beneficiary perspectives, participatory approaches, lean data, feasibility

5 5 Day 4 Day 5 Evidence Practices to value, account for, report on, and verify impact claims What types of evidence do we need, and how do we obtain reliable and comparable data? How do we account for impact, and how do we know which impacts are material? How do we mitigate impact risk? What are we learning from mainstream financial and social accounting? Inspiration Reflections on translating intentions to actions in a responsible manner Perspectives: How do we apply principles, practices and systems? What does it mean to be responsible around measurement? What are the choices and trade-offs you have to make? Themes include: impact evidence, unintended consequences, impact risk, materiality, reporting Visit for further details and a sample timetable

6 6 The Oxford Impact Measurement Programme Is the programme right for you? Yes, if you are: A corporate executive who is responsible for measuring the effectiveness of social investments including corporate, philanthropic, and impact investments and opportunities to align with (and contribute to) global standards A Board member or programme leader from a foundation who is seeking to build or strengthen the evidence base for your programme or portfolio, and to find new strategies and approaches improve impact management A civil servant, government commissioner or development professional who wants to implement and measure outcomes-based financing e.g. Social, Development or Health Impact Bonds (SIBs) An asset manager, investment banker, family office manager or wealth manager who needs to assess the impact performance of your individual (direct and fund) investments and broader portfolio A financial services professional or wealth manager who intends to design impact-focused products, and needs to design frameworks and tools to describe the impact thesis, streamline reporting, and value these impacts A fund manager looking to design or refine your impact measurement strategy for your products and/or portfolios, including aligning environmental, social and corporate governance (ESG) reporting with impact measurement and management approaches A consultant or intermediary who wants to deepen your impact measurement expertise, including understanding global perspectives from a range of sectors and issue areas

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8 8 The Oxford Impact Measurement Programme

9 9 Benefits For you You will gain a detailed overview of the impact measurement field, including leading tools, methodologies and frameworks, and an understanding of different perspectives throughout the capital chain (from investors to intermediaries, investees, networks and other stakeholders) You will practise developing and critiquing a range of impact measurement strategies in different contexts; you will become familiar with the range of measurement tools available, and be able choose the correct one for your circumstances You will receive a certificate of completion, which can be used as evidence of knowledge and experience in impact measurement For your organisation You will return with an impact measurement strategy and implementation plan for your organisation that you can share with others and put into practice You and your organisation will be invited to continue the connection through an ongoing series of topical webinars with global leaders in the impact measurement industry Through you, your organisation will have access to a growing international network of private and public-sector organisations, philanthropists, social entrepreneurs, and institutions, all keen to share the challenges of social change You will join a growing and supportive community of practice to whom you can turn for help, different perspectives, and further development You have the opportunity to become part of the Oxford Business Alumni Network, which has volunteer-led chapters across the globe. These chapters are active in running events and other activities that will keep you thinking, allow you to share expertise, and build useful relationships

10 10 The Oxford Impact Measurement Programme Our social impact community Africa 10% Asia 5% Australasia 3% Europe 34% Far East 2% Latin America 5% Middle East 3% North America 23% United Kingdom 15% 53% Female participants 47% Male participants Charity/NGO 10% Corporate 6% Development Agency 12% Education 6% Financial Services 18% Foundation 10% Impact Investing 9% Government 3% Private Capital 4% Professional Services 9% Social Enterprise 6% Social Finance 6%

11 11 Who teaches on the programme? The Impact Measurement Programme is delivered by a team drawn from the worlds of research and practice. A wide array of individuals from across the globe will contribute their expertise, including experts from SVI, GIIN, Bridges, and UNSIF. Alex Nicholls Professor of Social Entrepreneurship Alex Nicholls is Professor of Social Entrepreneurship within the Skoll Centre for Social Entrepreneurship at Oxford Saïd. His research focuses on several key areas in social entrepreneurship and social innovation, including the nexus of relationships between accounting, accountability and governance; public and social policy contexts of social entrepreneurship; impact investing; and Fair Trade. Karim Harji Programme Director Karim Harji is the Programme Director, and an Associate Fellow at Oxford Saïd. He has over a decade of international experience in impact measurement and evaluation, and was previously an Advisor to the Rockefeller Foundation, Co-Chair of the Impact Measurement Task Force convened by the Government of Ontario, and member of the Impact Measurement Working Group of the G8 Social Impact Investment Task Force. Karim also brings substantial experience in impact investing and social finance, and cofounded Purpose Capital, the leading impact investment advisory firm in Canada. Visit for an up-to-date list of speakers

12 12 The Oxford Impact Measurement Programme Why measurement matters... An interview with the Programme Directors Impact is what drives the people and organisations in impact investing and social finance, and distinguishes them from conventional investors and businesses. But, arguably, unless you are actively measuring your impact, you are not operating or managing in a way that fully reflects your social mission and goals. Karim Harji and Alex Nicholls Programme Directors

13 13 Why did you develop this programme? We ve been running the Oxford Impact Investing Programme for five years, and recently hosted our first Social Finance programme. Around 300 people have passed through these doors, from those who are managing impact investing funds and portfolios, corporate and foundation grantmaking programmes, and large public-sector programmes to social entrepreneurs, philanthropists, and consultants. All of them are wrestling with the problem of how to understand and measure impact. We ve seen a lot of progress and innovation in recent years on accessing and deploying investments for impact, but relatively little on measurement. This is the gap we will be addressing with this new programme. Impact is what drives the people and organisations in this field, and distinguishes them from conventional investors and businesses. But, arguably, unless you are actively measuring your impact, you are not operating or managing in a way that fully reflects your social mission and goals. We have a module on impact measurement in each of these programmes, but there is never enough time to cover everything that people want to know. Each year, we are asked more questions about impact measurement, and it became obvious that there was strong demand for a new programme. What will I learn? A lot of the challenges of impact measurement stem from the fact that our expectations are uncertain: we re not clear about why we measure, what we should be measuring and then, what to do once we get the results. This programme is built around helping you to clarify these issues for your organisation. In the programme, we will introduce you to measurement tools and help you develop the knowledge to design effective measurement frameworks. There is no single model for measuring impact, and of course the different stakeholders in any business or programme may have very different ideas about what they are going to achieve. An investor might say, Here s my investment thesis, and I will judge the success of my investment these measures. But an entrepreneur might respond, What we re trying to accomplish is a bit broader than that, and so we re going to define our success in a slightly different way. So there s an underappreciated element of negotiation to impact measurement, as all parties have to work together to define and prioritise what they value, and therefore what they measure. With the Sustainable Development Goals and cross-sectoral collaborations, navigating among these issues will become even more important. That is why it is so important that the Impact Measurement Programme features participants and speakers from a range of organisations with diverse impact goals, needs and challenges. Through group discussions on the broad issues, and targeted exercises for the case studies, we will be working together to develop a better understanding of both our own and others values and priorities. Another important element of the programme focuses on how to move from measuring outputs to outcomes. While we all recognise that positive long-term results are desirable, it is often difficult to trace outcomes over time among different target groups. You also have to look at both positive and negative results, and even any unintended consequences that may run counter to your stated impact objectives. We will review these issues, drawing on diverse sectoral and regional experiences.

14 14 The Oxford Impact Measurement Programme How will I learn? At the centre of the programme is the idea of a conversation. All Oxford Saïd programmes work by bringing together professionals from a range of sectors, contexts and countries and helping them to learn from each other through discussion and debate. You will start with preparation and reading before the programme so that you can hit the ground running when you arrive in Oxford. And, once here, the work will be intensive starting early, finishing late, and cramming in additional discussions with your classmates, faculty and tutors where you can. There will be some theory-based sessions, and a critical review of the leading tools, methodologies and frameworks that are being used today explained by the people who are actually using them. We will use case studies to illustrate how organisations have dealt with or failed to address impact measurement challenges and opportunities. And we will expect you to apply what you have learned each day through regular tutorial sessions and group-based discussions and presentations. Throughout the week, you will also be reflecting on your own learning and creating an impact measurement strategy, which you can share with colleagues and faculty. You will then convert this strategy into an implementation plan to start working on as soon as you return home. How is this programme different? Oxford has a track record of excellence and academic rigour. But more than that, as an institution we are characterised by our ability and desire to draw on multiple perspectives. This is particularly important in a field in which we are developing participants ability to navigate between different stakeholders and sectors. When you come on this programme, you will be able to hear from world-class people with a variety of perspectives including practitioners, executives, and academics, The pioneering Oxford Impact Investing Programme was launched five years ago, and we have recently built on that with the Oxford Social Finance Programme. So we bring deep experience and expertise in both these areas, and with the Impact Measurement Programme, we can draw on an already thriving community of practice. We know that people are thinking about the issues relating to impact measurement. At Oxford Saïd, we offer a distinctive combination of institutional credibility, academic rigour, technical capability, and a global network of alumni, faculty and partners. This is partly because, at a wider level, Oxford Saïd is interested in the idea of leadership that goes beyond the traditional business school focus of maximising shareholder value. So our expertise in finance and investment is matched by research on governance and leadership that takes into account a wide range of stakeholders. Impact measurement fits very comfortably with this outlook.

15 Next steps... Apply today We would be delighted to discuss the Oxford Impact Measurement Programme with you. Please contact Bradford Peaston with your questions: Phone: +44 (0) Mobile: +44 (0) Timetable Visit for further details and a sample timetable

16 16 The Oxford Impact Measurement Programme The Oxford Impact Measurement Programme is one of three programmes in the social impact space available from Saïd Business School. You may also be interested in: Impact Investment Deal-focused, detailed and practical Enterprise and fund level Includes role of intermediaries, fund creation, and deal-making Education, agriculture, technology University of Oxford Impact Investing Programme Social Finance Systems approach to allocating capital to address world-scale problems National and international levels Blended capital; Catalytic Philanthropy; Public-Private Partnership; Corporate Social Responsibility; Social Impact Bonds Climate change, infrastructure, supply chain University of Oxford Social Finance Programme All information is correct at time of going to press please check our website for most up-to-date information. Saïd Business School University of Oxford Park End Street Oxford, OX1 1HP United Kingdom SAID BUSINESS SCHOOL