Impact hub
Everything you need to know about social impact.
Impact entrepreneurs want to change the world, disrupt the status quo, fix a social injustice.
We now know that thinking about social impact is actually good for business.
So let's get started...
the social impact revolution is here
The social impact revolution is transforming the way corporations, startups, investors, and policy makers think about business. The time has come to DO WELL by DOING GOOD.
Introduction to impact management
from SoPact Academy
key concepts
Impact Investing
Impact investing refers to a growing category of investing in which investors want to create both financial return and a social impact. Impact investors look for companies that are profitable, intentionally address a social or environmental challenge, and are able to measure their impact.
Triple Bottom Line
Rather than focus solely on a business' traditional bottom line (profit), the triple bottom line theory considers people, planet and profit. Meaning businesses need to think about the interactions between their social impact, environmental impact, and profit to be truly successful.
UN Sustainable Development Goals
The UN has identified 17 Sustainable Development Goals (SDGs) that the world needs to achieve by 2030 for a "better and more sustainable future for all." The SDGs are important to impact entrepreneurs because they create a framework for thinking about and measuring the impact of your startup. Impact investors often want to know if a startup they are thinking about investing in addresses one (or more) of the 17 goals.
Circular Economy
The idea of a circular economy is to "close the loop," and rethink our supply chains to eliminate waste. While there are many ways to think about a circular economy, perhaps the most obvious is to think of it in terms of reduce, reuse, recycle.
Corporate Social Responsibility
Corporate social responsibility (CSR) is a business management approach that emphasizes social accountability to a company's stakeholders and the broader public. Companies that practice CSR improve their economic, social, and environmental impact on society.
Creating Shared Value
Creating shared value (CSV) is a broad economic theory that suggests that businesses can create economic value by creating societal value. In other words, by actively improving society, businesses increase their own competitiveness. In this way of thinking, by acting as as a force for good, businesses improve their performance.
impact activities
2019-2020
Social ImpTech Final Project Track
The track allows management students in their final year to study and analyze social problems, understand the principles of promoting a startup company, and actually experiment with creating solutions that cater to large audiences all over the world.
Triple Bottom Line Challenge
The Triple Bottom Line Challenge asks students from all over the world:
What impact startup would you create to improve the world post-Corona?
2020-2021
The Challenge
This open competition asks students to come up with a business idea that will create shared value. We'll give you all of the tools you need to understand creating shared value (CSV) and sustainable management. It's your job to come up with the next big idea, whether that's your own impact startup or a recommendation for big business.
Impact Internship
Students from the GGFBM who are looking for experience in an impact startup have the opportunity to be paired with startup and apply their management skills.
Social ImpTech Final Project Track
The track allows management students in their final year to study and analyze social problems, understand the principles of promoting a startup company, and actually experiment with creating solutions that cater to large audiences all over the world.
From Tech Idea to Business Venture
The course exposes students to the world of technological impact entrepreneurship. During the course, students will form and develop technological solutions to social problems and will be required to prepare a business plan for their own idea.
Social Impact Entrepreneurship Workshop
The Social Impact Entrepreneurship workshop aims to expose students to the field of Impact Entrepreneurship, which is characterized by generating social return alongside financial return.
Impacting Accessible Tourism
This course will focus on the management of tourism and travel that is accessible to all people, with disabilities or not, including those with mobility, hearing, sight, cognitive, or intellectual and psychosocial disabilities, whether permanent or temporary disabilities.
our partners
further reading
SUSTAINABILITY TRENDS
Welcome to SustainAbility’s annual trends report, in which
we explore global sustainability issues and trends that will
shape the business agenda in 2020.
SAGE KNOWLEDGE VIDEO BANK
Accessible to BGU students, Sage Knowledge has an extensive database of written and visual materials to help you explore organizational sustainability.
IMPACT & FINANCE
How companies can balance social impact and financial goals
by Marya Besharov, Wendy K. Smit, and Michael L. Tushman, from the Harvard Business Review.
THE BUSINESS CASE
The comprehensive business case for sustainability by Carly Fink and Tenise Whelan, from the Harvard Business Review.