[TOOL] The social impact wheel (formerly known as the future impact wheel)
The social impact wheel (formerly known as the future impact wheel) helps you identify whether your organization is acting in a socially responsible way.
It enables you to look at your company’s innovation strategy and judge it based on the different impact values – equality, community, empowerment, and environment.
Use this tool to find out what you’re doing well (and where you’re on track to have a positive impact), where you can improve, and which impact values are of lower priority. In doing so, you will be able to determine whether your organization is contributing to a better future.
We developed these impact values based on existing design criteria from the likes of Sustainable Development Goals, Biomimicry DesignLens: Life’s Principles, and the B-corp Impact Assessment.
Why? Because we observed a need for companies to consider integrity when formulating innovations.
Innovation strategists need to think about more than just bottom lines and future growth. Not only will taking social responsibility into account protect your company’s reputation going forward, but ensuring your innovations benefit society at large is the only way to be sure that they’re future-proof.
Score your organization on each of the 4 impact categories.
How do you want your organization to evolve in the future? Write down initiatives that would bring you closer to your goals.
The Value Proposition Canvas is a plug-in tool for the Business Model Canvas. It allows you to describe your Value Propositions and the target Customer