For many businesses, impact measurement and management (IMM) is low on the list of priorities. Startups, for instance, would rather focus on fundraising and growth than what is perceived to be a burdensome compliance. Recognizing this problem, investors often offer to cover data collection costs or use AI to simplify reporting. While this helps, the opportunity to embed IMM into business operations such that companies can use it to make better decisions is missed.

Recently, Dalberg worked with Leaps by Bayer to support its portfolio companies in developing an impact narrative, tracking impact and reporting on it in ways tailored to each company’s business model, stage and needs. Through the collaboration, Dalberg’s Rachel Keeler, and Nicki Saee and Denise Boehme from Leaps by Bayer, found three practical ways to make IMM more useful for companies.

Read the full article on ImpactAlpha.