While we all want to effect change, it can be challenging to determine what initial actions we can take to create that change or how it plays into broader goals for global development. For Venture 2 Impact (V2I), how do we link our work, such as virtual training or product development to greater global changes defined in the UN’s Sustainable Development Goals? That’s where having a defined Theory of Change (ToC) comes into play. To learn more about a Theory of Change and our approach to developing our revised ToC check out the blog post below!
WHAT IS A THEORY OF CHANGE
A Theory of Change is a detailed representation of how an organization aims to create change. It lays out the specific cause and effect relationships between the organization’s initial output activities, immediate and intermediate outcomes, and the larger change they are working towards. Having a ToC is an invaluable tool for ensuring that all of an organization’s activities stay aligned with their mission and contribute to creating the desired and lasting change. It is also very helpful for explaining to donors, participants, and all other interested parties how exactly the organization is working to create change.
ToCs can also be used on the programmatic level, in addition to the organizational level, to lay out the steps to impact for a specific project or program. At V2I, we have been developing project-specific ToCs for some time. Now, having a clearly defined, overarching ToC will help guide all of our work, including the development of project-specific ToCs, and ensure that we continue to stay aligned with our goals from start to finish, today and into the future.
Through our co-creative and human centered approach, we have been consulting our key stakeholders, including participants, NGOs, volunteers, and corporate partners, over the past few months to grow and refine our organizational ToC. With the arrival of the new year, we are excited to share our revamped Theory of Change with you!