Women in Data Science: Bridging the gender gap for a better future Read more about Women in Data Science: Bridging the gender gap for a better futureBlogs15 January, 2025Women EmpowermentISDM Published: 15 january, 2025Data science is a field that is reshaping industries, influencing decision-making, and revolutionizing the way we approach problems. Despite its transformative nature, one glaring issue persists-women remain significantly underrepresented in data science. This lack of gender diversity not only limits opportunities for women but also restricts the innovative potential of the field itself.It’s time to reflect on the gender gap in data science, celebrate the strides women have made, and explore how we can collectively encourage more women to thrive in this critical domain.The Current State of Women in Data ScienceGlobally, women comprise only 15-22% of data scientists, according to reports by the World Economic Forum and Boston Consulting Group. While India fares slightly better, with women making up 30% of the analytics workforce (Analytics India Magazine, 2022), there’s still a long road ahead to achieving gender parity.Key challenges contributing to this disparity include:Stereotypes and Biases: Societal norms often discourage girls from pursuing STEM fields, including data science.Access to Opportunities: Women face barriers such as limited mentorship, fewer networking opportunities, and unequal access to education.Workplace Dynamics: The tech industry’s traditionally male-dominated culture can deter women from joining or staying in the workforce.Inspiring stories of women in Data ScienceWhile the challenges are real, many women have broken barriers to excel in data science, inspiring the next generation to follow suit:1. Fei-Fei LiFei-Fei Li’s contributions to computer vision through ImageNet revolutionized artificial intelligence. As an advocate for diversity in tech, she emphasizes the importance of ethical and inclusive AI practices.2. Raji ArasuAn Indian-origin data leader and the CTO of Autodesk, Raji Arasu has been a driving force in using data to solve complex problems in engineering and design.3. Ruchi BhatiaIn India, Ruchi Bhatia has emerged as a leading voice in HR analytics, demonstrating how data-driven strategies can transform workplace decision-making.Why women in Data Science matterThe underrepresentation of women in data science is more than a gender issue-it’s a business and innovation problem. Diverse teams bring varied perspectives, which are crucial for designing inclusive, unbiased solutions.1. Building Better AlgorithmsA diverse workforce helps identify and mitigate biases in datasets and algorithms, ensuring AI solutions are equitable and fair.2. Solving Real-World ProblemsWomen in data science bring unique insights to pressing global issues, from improving healthcare accessibility to developing climate change models.3. Driving Economic GrowthAccording to a McKinsey report, bridging the gender gap in STEM could add $12 trillion to global GDP. Empowering women in data science is an investment in the future.Initiatives Empowering Women in Data ScienceEfforts to address the gender gap are gaining momentum, thanks to programs and initiatives aimed at creating opportunities for women:1. Women in Data (WID)This global community provides mentorship, skill-building workshops, and networking opportunities to support women entering and excelling in data science.2. Women in Machine Learning and Data Science (WiMLDS)WiMLDS focuses on increasing representation in machine learning and data science by organizing meetups, hackathons, and educational sessions.3. Google Women Techmakers ScholarshipThis program supports women pursuing technical degrees and helps them transition into data science careers.4. India-Specific ProgramsWiDS India (Women in Data Science): This annual conference brings together aspiring and established women in data science to share knowledge and network.AI for All by Intel: Aims to introduce girls and women to AI and data science concepts, bridging the digital divide in underserved communities.Corporate contributions through CSRCorporate social responsibility (CSR) initiatives are playing a vital role in empowering women in data science. Some noteworthy programs include:1. IBM STEM for GirlsThis program focuses on equipping girls in secondary schools with digital skills and data science training, preparing them for tech careers.2. P&G ShikshaThough initially aimed at improving education infrastructure, this initiative has expanded to include digital literacy and coding skills for girls in rural areas.3. Microsoft DigiGirlzMicrosoft’s program inspires high school girls to explore careers in technology by providing access to workshops, mentorship, and data science bootcamps.4. TCS IgniteTata Consultancy Services’ Ignite program offers scholarships, internships, and training for women to enter data science roles in the tech industry.Steps to Bridge the Gender Gap in Data ScienceTo see more women thrive in data science, we need a holistic approach:1. Start EarlyIntroduce data science concepts in school curricula and run coding bootcamps specifically for girls. Programs like Girls Who Code have shown significant success in building early interest.2. Mentorship and Role ModelsHighlighting stories of women leaders in data science can inspire young girls. Structured mentorship programs can help women navigate challenges in the industry.3. Inclusive Work CulturesOrganizations should focus on building supportive environments with policies like flexible work hours, maternity benefits, and mentorship programs for women re-entering the workforce.4. Scholarships and Financial SupportProviding scholarships and grants for women to pursue data science degrees and certifications can make education more accessible.5. Community BuildingEncouraging women to join professional networks like WiDS or attend data science conferences fosters peer learning and collaboration.Achievements by Indian Women in Data ScienceIndian women are making significant strides in data science:Shubha Nabar: A senior leader in AI at Salesforce, Shubha’s work has been pivotal in driving innovation in machine learning.Manisha Raisinghani: Co-founder of LogiNext, she uses data science to revolutionize supply chain management and logistics in India.Meghna Suryakumar: Founder of Crediwatch, Meghna leverages AI and data analytics to provide real-time credit insights for businesses.These trailblazers serve as powerful examples of what women can achieve when given the opportunity and support to excel.The Road AheadThe gender gap in data science is a challenge, but it’s also an opportunity. By breaking barriers and creating inclusive ecosystems, we can not only empower women but also unlock the full potential of the field.Women bring unique perspectives and insights to data science, driving innovation and solving real-world problems. By addressing systemic issues and fostering a culture of inclusion, we can ensure that more women take their rightful place at the forefront of data science, shaping a brighter, more equitable future.The question isn’t whether women can succeed in data science-it’s how quickly we can create the conditions for them to thrive. The time to act is now.Reference Linkshttps://wbcollaborative.org/insights/the-importance-of-women-in-data-science-and-analyticshttps://www.microsoft.com/en-us/diversity/programs/digigirlzYou May Also ReadLeadership Lessons from Prominent Indian Women CEOs: The ultimate checklist of guidanceWomen in the Social Sector: Challenges and TriumphsCan we achieve gender parity in education by 2030?
Are NGO/SPOs really making the impact they promise? Read more about Are NGO/SPOs really making the impact they promise?Blogs13 January, 2025Social ImpactISDM Published: 13 january, 2025Non-Governmental Organizations (NGO/SPOs) play a crucial role in addressing societal challenges, especially in a country like India, where socio-economic disparities are stark. With over 3.4 million registered NGO/SPOs, India boasts one of the largest networks of civil society organizations in the world. These organizations have been instrumental in improving education, healthcare, gender equality, disaster relief, and environmental conservation. However, the pressing question remains - are they truly making the impact they promise?To answer this, we must analyze their contributions, challenges, and the way forward for sustainable change.Transforming grassroots realities1. Impact across sectorsNGO/SPOs in India have made remarkable contributions to several sectors:Education: Organizations like Pratham have revolutionized education at the grassroots level. Their Annual Status of Education Report (ASER) has provided critical insights into learning outcomes and influenced government policies.Healthcare: NGO/SPOs like Smile Foundation have addressed gaps in healthcare delivery, especially in rural and underserved areas, through mobile health clinics and awareness programs.Women Empowerment: SEWA (Self Employed Women’s Association) has empowered thousands of women by providing skill training and micro-finance support.Environmental Conservation: The Chipko Movement and contemporary efforts by NGO/SPOs like WWF India have brought environmental issues to the forefront.2. Grassroots Impact of CSR InitiativesCorporate Social Responsibility (CSR) has amplified the impact of NGO/SPOs in India. The Companies Act, 2013 mandates companies to allocate 2% of their profits to CSR activities. According to the Ministry of Corporate Affairs, Indian companies spent over ₹24,865 crore on CSR initiatives in 2022-23, a significant portion of which was directed towards projects executed by NGO/SPOs.Tata Steel’s CSR initiative in partnership with NGO/SPOs has enhanced access to education and healthcare in tribal regions, benefiting over 2 lakh individuals.Similar partnerships between NGO/SPOs and corporates, like the Gates Foundation’s collaborations with local NGO/SPOs worldwide, have shown immense success in combating issues like malaria and polio.NGO/SPOs and Government Collaborations: A winning formulaNGO/SPOs often work hand-in-hand with the government to achieve larger developmental goals:Mid-Day Meal Scheme: NGO/SPOs like Akshaya Patra partner with the government to provide nutritious meals to millions of schoolchildren, directly improving enrollment and attendance.Swachh Bharat Mission: Several NGO/SPOs have supported this flagship campaign by creating awareness about sanitation and constructing toilets in rural areas.National Rural Health Mission (NRHM): NGO/SPOs like Care India have played a pivotal role in maternal and child health programs under this mission.Opportunities for growthWhile NGO/SPOs have achieved remarkable milestones, addressing certain challenges can significantly amplify their impact and reach. These gaps present opportunities for improvement and innovation, ensuring that the sector becomes more effective and sustainable.1. Strengthening accountabilityTransparent fund utilization is crucial for building trust with stakeholders and attracting sustainable funding. While some NGO/SPOs lack robust reporting mechanisms, many are adopting tools and platforms like GuideStar India to enhance their transparency.2. Collaborative efforts for greater impactNGO/SPOs often work in silos, which can lead to duplication of efforts. However, many organizations have started forming alliances to pool resources and expertise. For instance, partnerships like those under the India Development Review (IDR) facilitate knowledge-sharing and coordinated action.3. Overcoming resource constraintsSmaller NGO/SPOs often struggle with limited funding and manpower. Yet, many are finding innovative ways to stretch resources, such as leveraging technology for outreach and impact measurement. Initiatives like crowdfunding through Ketto and Milaap have enabled small NGO/SPOs to scale their operations.4. Addressing sectoral gaps with targeted focusWhile NGO/SPOs have excelled in education and healthcare, sectors like mental health, disability rights, and climate adaptation remain underserved. However, the growing awareness around these issues presents an opportunity for targeted interventions. For example, organizations like The Banyan have pioneered mental health initiatives, providing scalable models for others to replicate.How small NGO/SPOs can make a big impact1. Focused approachSmall NGO/SPOs can create measurable impact by focusing on specific local issues.Example: Goonj, a Delhi-based NGO/SPO, started as a small initiative to recycle urban waste into rural resources. Today, it impacts millions through disaster relief and livelihood programs.2. Leveraging TechnologyDigital tools can help small NGO/SPOs reach wider audiences, optimize fund utilization, and measure impact. Platforms like Milaap and Ketto have enabled crowdfunding for grassroots initiatives.3. CollaborationPartnering with larger organizations or corporates can amplify the reach and effectiveness of small NGO/SPOs.Also Read :How Indian Companies Approach CSRHow Corporates and Governments can support NGO/SPOs1. Increased Funding and Capacity BuildingCorporates can allocate a portion of their CSR budgets for capacity-building programs for smaller NGO/SPOs, ensuring better fund utilization and scalability.2. Policy ReformsThe government should streamline processes for NGO/SPO registration, funding approvals, and compliance to reduce bureaucratic hurdles.3. Building Collaborative EcosystemsThe government and corporates can establish platforms for NGO/SPOs to collaborate, share best practices, and pool resources.In the United States, initiatives like Nonprofit Collaboration Networks facilitate partnerships between NGO/SPOs and corporates for greater impact.NGO/SPOs in India have undoubtedly brought about transformative changes at the grassroots level, but the road to maximizing their impact is long and challenging. By addressing gaps in accountability, funding, and collaboration, and focusing on underrepresented sectors, NGO/SPOs can fulfill their promises and drive sustainable development.Corporates and governments have a critical role in enabling NGO/SPOs through financial support, policy reforms, and collaborative frameworks. Together, they can ensure that India’s NGO/SPOs not only continue to bridge societal gaps but also set a benchmark for impactful social change globally.As we look ahead, the goal is clear - strengthening NGO/SPOs to create a more equitable, inclusive, and sustainable society.Reference Linkshttps://thecsrjournal.in/india-inc-spent-rs-29986-92-on-csr-in-fy23-national-csr-portal/https://indiacsr.in/tata-steel-foundation-purpose-and-works/https://www.akshayapatra.org/includefiles/financialreports/Annual_Report_2020-21.pdfhttps://nhm.gov.in/index1.php?lang=1&level=2&lid=218&sublinkid=822You May Also ReadImpact Investing: Transforming the Landscape of Social ChangeThe Evolving Role of Philanthropy in Promoting Social Justice in IndiaWhat Are SDGs? A Comprehensive Guide to Sustainable Development Goals
Code4Change is a great platform to bring different stakeholders together Read more about Code4Change is a great platform to bring different stakeholders togetherBlogs10 January, 2025Fund RaisingISDM Published: 08 january, 2025Team DevSol4, which won the first edition of Code4Change 2023-24, shares why more data science professionals should participate in this unique eventCDSSI held the first edition of Code4Change 2023-24 (C4C) at the SAIACS CEO Centre on May 24 in Bengaluru. The event culminated with team DevSol4 being declared the winner. The team, from Development Solutions (DS), included Jagan (MEL Manager), Agrima (Project Manager), and Research Associates Sidra and Mallika, was among five finalists who presented their solutions to an esteemed jury, including Dr. Anand Rao (Professor of Data Science and AI at Carnegie Mellon University), Jayita Bhattacharya (Senior Director of Insights & Data at Capgemini), and Mayukh Choudhury (Co-founder of MILAAP). The jury evaluated the teams on factors like relevance, methodology, data analysis, delivery, and impact. Teams were tasked with identifying key factors driving financial vulnerability in households, and assessing their impact on risk prediction. This required developing a model to identify, predict, and map the financial vulnerability of women-headed rural households. They were given a dataset that included household demographic profiles, socio-economic factors such as resource access and asset ownership, information on access to government schemes, and digital footprints of households. DevSol4 talks about their experience:Why did you participate in Code4Change?This hackathon was an excellent opportunity for us to showcase our ability to create real-time impactful solutions. We participated because: We wanted to leverage data science in developing innovative solutions to pressing problems. It was an opportunity for our research associates to gain valuable exposure and actively enhance their skills, thereby deepening their learning curve.Tell us about the process. How did you work on your solution? We created a Financial Vulnerability Index (FVI) to understand and measure the financial challenges faced by women-headed households in India, helping policymakers focus on those who need support the most. Through secondary research, we identified key barriers such as low income, limited financial knowledge, and poor access to services. Based on these insights, we developed four categories within the index: Banking and Digital Access, Asset Ownership, Social Welfare Support, and Income and Savings, reflecting the many factors that contribute to financial vulnerability. Further, we used a dimensionality reduction technique called Principal Component Analysis to determine the most relevant components and arrive at a single composite index. To enhance its accuracy, we employed a machine learning algorithm. What did you discover?Our analysis uncovered significant regional disparities in vulnerability. West Bengal, Telangana, and Tamil Nadu displayed the lowest levels of financial vulnerability, while Daman & Diu and Chandigarh showed the highest, with Chhattisgarh also emerging as highly vulnerable.What kind of impact can your solution have? The Financial Vulnerability Index (FVI) developed by the team can serve as a useful tool for social sector organisations, policymakers, and financial institutions to guide targeted assistance to financially vulnerable women-headed households in three ways: Targeted Policy Interventions: The FVI can help policymakers identify the most vulnerable households, enabling focused social welfare efforts, such as subsidies, microfinance loans, and digital literacy initiatives, to ensure resources reach those in greatest need.Strategic Planning for SPOs: SPOs can use the FVI to pinpoint high-need areas, allowing them to design programs - like financial literacy workshops, entrepreneurship training, and digital financial services - to support economic empowerment.Enhanced Predictive Capabilities: The FVI’s machine learning model predicts future vulnerabilities, offering SPOs a proactive tool for planning. It can be scaled to offer insights at more localised levels, enabling tailored interventions for specific communities.What were your learnings from the hackathon? One of our biggest takeaways was how different teams came up with fundamentally different solutions (and findings) to the same problem using the same dataset. While all of us had a particular lens through which we approached the problem, there is merit in pooling our collective expertise in solving "wicked" social and policy problems.Would you recommend Code4Change to others?Of course! It is a great platform to bring together different stakeholders, all working on similar economic and social problems but with different approaches and expertise. It helps understand where there are gaps in evidence and research, and how they can be overcome. This can help with more efficient planning and allocation of resources. The judges too were open, collaborative and learned in their field, offering all participants insight into solving such problems.It’s an avenue to use technological and data-related advancements in novel areas, and think beyond traditional quant and qual research methods. It’s also an opportunity for networking, collaboration, and knowledge sharing.The Code4Change is a bi-annual social sector hackathon conducted by ISDM CDSSI. Learn more about the hackathon here: https://www.isdm.org.in/cdssi/projects/code4changeYou May Also ReadDemystifying Social Impact Funding: A Landscape of Diverse Players and ObjectivesApproaches to Monitoring, Evaluation, and Learning: Unpacking Solutions to Measure and Sustain Impact Unlock Synergies: Achieve SDG 17 by Overcoming Multi-Stakeholder Partnership Challenges
Can we achieve gender parity in education by 2030? Read more about Can we achieve gender parity in education by 2030?Blogs9 January, 2025Women EmpowermentISDM Published: 08 january, 2025The dream of achieving gender equality in education isn’t just an ambitious goal—it’s essential for building a just and thriving society. Yet, for millions of girls in India, even the basic right to attend school feels like a distant dream. Cultural norms, financial hardships, and deep-seated biases keep countless girls from stepping into a classroom. For every girl who overcomes these challenges, there are many more whose aspirations remain unfulfilled.The United Nations’ Sustainable Development Goal 4—ensuring inclusive and equitable quality education for all by 2030—sets an inspiring benchmark. But here’s the tough question: Are we doing enough to make it a reality?The Reality for Girls in IndiaIndia has made noteworthy progress in girls’ education over the years. Initiatives like the Right to Education Act (2009) and Beti Bachao Beti Padhao (BBBP) have significantly improved enrollment numbers. According to the Annual Status of Education Report (ASER) 2022, several states now report near-equal enrollment rates for boys and girls in primary schools—a commendable achievement.However, the road ahead remains riddled with challenges.High Dropout Rates: Around 40% of rural girls drop out before completing secondary school. Take the case of Pooja from Rajasthan, who had to leave school at 14 because her family prioritized her brother’s education. Thanks to intervention by a local NGO, Pooja is now back in school and excelling.Child Marriages: About 27% of Indian girls are married before the age of 18, cutting their education short. Anita, from Bihar, was married off at 16, forcing her to abandon her studies. Organizations like Girls Not Brides are tirelessly working to change this narrative, but shifting ingrained cultural practices is a slow process.The Digital Divide: The pandemic highlighted glaring inequalities, with nearly 47% of rural girls unable to access online learning due to a lack of smartphones or internet connectivity. Rekha, a tribal girl from Madhya Pradesh, missed two years of school during the pandemic for this very reason. Thankfully, a local NGO set up a community learning center, enabling her to continue her education.In urban areas, the outlook is somewhat better, but for girls in rural and tribal communities, barriers such as poor infrastructure, unsafe roads, and regressive social norms persist.Barriers Hindering Progress1. Cultural Norms and Safety ConcernsFor many families, educating a boy is seen as an investment, while educating a girl is still viewed as unnecessary. Safety concerns, such as long commutes to schools, often force parents to withdraw their daughters.In parts of Uttar Pradesh, for example, parents stopped sending their daughters to school because the nearest school was 8 kilometers away and unsafe to access. Programs like UNICEF’s Transport for Education aim to address this, but change is slow.2. Financial PressuresIn low-income households, girls are often pulled out of school to contribute to household chores or earn a living.Asha, from Maharashtra, had to quit school to work as a domestic helper. Thanks to evening classes provided by Pratham, she’s now balancing education and her responsibilities.3. Policy Implementation GapsWhile India has several robust policies, like the Kasturba Gandhi Balika Vidyalaya (KGBV) scheme, poor execution limits their effectiveness.For instance, in Odisha, a KGBV school faced severe teacher shortages, leaving students without lessons for weeks. Media coverage eventually prompted action, but these systemic gaps shouldn’t exist in the first place.4. Transitioning to Higher EducationEven when girls complete primary schooling, advancing to secondary or higher education is often a challenge due to inadequate infrastructure or safety concerns.Farida, a gifted student from Assam, couldn’t pursue college because there were no hostels nearby. Initiatives like Tata Trusts’ residential schools are making strides, but the demand far exceeds the supply.Ongoing Efforts to Empower GirlsThe government, non-profits, and corporate entities are taking active steps to improve the situation:Government InitiativesBeti Bachao Beti Padhao (BBBP): This campaign has helped shift societal mindsets and increase girl enrollment rates, particularly in states like Haryana.Kasturba Gandhi Balika Vidyalaya (KGBV): These residential schools enable marginalized girls to access education safely.Samagra Shiksha Abhiyan: By focusing on infrastructure and digital tools, this program is bridging gaps in remote areas.Corporate Social Responsibility (CSR) ProgramsProject Nanhi Kali (Mahindra Group): Supporting over 500,000 girls, this initiative provides school supplies and remedial classes.Tata Steel’s Thousand Schools Program: Targeting tribal regions, it has brought education to over 200,000 children, many of them girls.IBM STEM for Girls: Teaching digital and STEM skills, this program inspires girls to pursue careers in technology.The Road to 2030: What Needs to Change?To achieve gender parity in education by 2030, we must address the root causes of inequality with urgency and innovation.1. Enforce Policies Effectively:Ensure proper funding and monitoring of initiatives like BBBP and KGBV.Empower local authorities to implement policies effectively.2. Close the Digital Gap:Provide affordable smartphones and internet access in rural areas.Launch grassroots digital literacy programs to include entire communities.3. Improve Infrastructure:Build more schools with clean sanitation facilities for girls.Offer safe transportation options for students in remote areas.4. Shift Social Norms:Train local women as teachers to serve as role models.Conduct community campaigns to challenge traditional gender roles.5. Incentivize Education:Offer scholarships, menstrual hygiene kits, and vocational training to make education more accessible.A Brighter Future Is PossibleSo, can India achieve gender parity in education by 2030? The answer is a resounding yes - but only if we treat it as a national priority. Stories like those of Pooja, Anita, and Rekha prove that while the barriers are real, they are not insurmountable.The key lies in channeling resources where they’re needed most - into villages, schools, and local communities. Educating girls isn’t just about them; it’s about uplifting families, transforming societies, and shaping the nation’s future.This isn’t just a question of whether we can achieve gender parity. It’s a matter of commitment. Because every girl deserves the chance to learn, grow, and thrive - and the world is a better place when she does.You May Also ReadInvest in Her, Invest in Our Future: Why Women's Empowerment is key to Sustainable Development in IndiaFrom Education to Equality: ISDM’s Approach for Achieving SDGs 4 & 5
From Education to Equality: ISDM’s Approach for Achieving SDGs 4 & 5 Read more about From Education to Equality: ISDM’s Approach for Achieving SDGs 4 & 5Blogs30 November, 2024SDGsISDMFAQs What are SDGs 4 and 5, and why are they important? SDG 4 (Quality Education): Ensures inclusive, equitable education and lifelong learning opportunities, recognizing education as a key driver of social and economic development.SDG 5 (Gender Equality): Aims to achieve gender equality by eliminating discrimination, violence, and barriers to opportunities for women and girls. Both are essential for sustainable development, addressing poverty, inequality, and fostering health, growth, and inclusivity. How are education and gender equality connected? Education and gender equality reinforce each other in multiple ways:Empowerment: Educating girls and women creates a ripple effect, benefiting families, communities, and nations.Breaking Barriers: Gender equality removes social and cultural barriers that limit girls’ access to education.Developmental Impact: Equal access to education reduces poverty, improves maternal and child health, and promotes inclusive economic growth. Without gender equality, achieving universal access to quality education (SDG 4) becomes impossible. What is ISDM's role in promoting SDGs 4 and 5? The Indian School of Development Management (ISDM) is committed to driving sustainable social impact by addressing SDGs 4 and 5. It achieves this by empowering marginalized communities, training leaders for social change, and promoting gender parity in education through innovative programs and strategic collaborations. What makes ISDM's approach to achieving these SDGs unique? ISDM’s approach is innovative and impactful because:It blends data-driven strategies with community-centered initiatives to address the root causes of inequality.Collaborates with Social Purpose Organizations (SPOs) to strengthen the social development ecosystem.Publishes impactful research and collaborates on projects like the Code for Change (C4C) hackathon, tackling critical issues like financial vulnerability of women-headed households. This tailored and collaborative approach ensures that solutions address specific local challenges while contributing to global goals. Who are the target beneficiaries of ISDM's programs in relation to SDGs 4 and 5? ISDM’s programs primarily benefit:Marginalized girls and women facing systemic barriers to education, such as limited access, cultural restrictions, and early marriages.Communities in low-income and rural areas where education and gender equality remain significant challenges.Future leaders and professionals in the development sector, through specialized training to drive impactful social change.The ripple effect of ISDM’s initiatives extends to healthier, more resilient communities. What specific challenges does ISDM address in promoting educational equality for girls? ISDM tackles multiple challenges, including:Limited access to schools: Especially in rural and underserved areas.Cultural norms: Addressing societal beliefs that limit girls’ education and development.Early marriages and gender-based violence: Advocacy for policy changes and awareness campaigns.Inadequate school facilities: Promoting gender-sensitive environments to encourage girls to attend and complete their education.ISDM’s holistic approach addresses these barriers while fostering inclusivity and empowering communities. Does ISDM collaborate with other organizations to achieve its goals? Yes, ISDM actively collaborates with various partners, such as:Social Purpose Organizations (SPOs): To design and implement sustainable solutions.Knowledge Institute (KI): For research and innovation, including platforms like DataSights that drive awareness and action.Center for Data Science and Social Impact (CDSSI): On initiatives like the Code for Change (C4C) hackathon.These collaborations amplify ISDM’s impact by integrating expertise and resources to address local and global challenges related to SDGs 4 and 5. Published: 29 November, 2024Imagine you’re a young girl, waking up early, and getting ready for school. You put on your uniform, pack your lunch, set your books, and head to the door. But suddenly, someone storms in, ordering you, “Stop there! Girls don’t have the right to go to school. Women shouldn’t be out on their own." You’d be pretty scared, upset, and confused, right?That was the reality for Malala Yousafai in 2008. The Taliban had taken over her region in Pakistan, forcing girls to stay home and shutting down their schools. But, at the mere age of 11, Malala did not let that stop her. With her father’s support, she bravely advocated for girls’ ‘right to education’. Her story became a symbol of resilience for millions of people around the world.It is stories like Malala’s that brought change and made the United Nations launch the Sustainable Development Goals (SDGs) to create a fairer, more sustainable world by 2030. Among them, SDG 4 (Quality Education) and SDG 5 (Gender Equality) are crucial steps toward breaking cycles of poverty and inequality, empowering individuals, especially girls and women.In India, organisations like the Indian School of Development Management (ISDM) are stepping up to make these goals a reality. With innovative programs, ISDM is on a mission to support education and promote gender equality. This article dives into understanding SDG 4 and 5, their importance, and what makes ISDM’s approach special, the people it’s helping, and the unique challenges it’s tackling to create lasting change.Let’s begin by understanding SDGs 4 and 5, the Pillars of Equality and Empowerment.What Are SDGs 4 and 5?Education is crucial for everyone. It empowers the mind, promotes creativity, and builds the foundation for self-respect. It opens doors to multiple opportunities and paves the pathway to a thriving society.Hence, SDG 4 focuses on ensuring inclusive and equitable quality education for all and promoting lifelong learning opportunities.This goal is based on the belief that education is a fundamental human right and promotes social and economic development.However, SDG 4 alone can not bring about the change we need in this world. Therefore, in order to achieve SDG 4, we must achieve SDG 5.SDG 5 targets achieving gender equality and empowering all women and girls. Without providing equal opportunities to all, nations cannot develop and achieve the full potential of SDG 4.The goal is not only to eliminate gender discrimination and violence but also to provide equal access to opportunities and resources, which are essential for a just society.Why Are SDGs 4 and 5 Crucial for Global Progress?We just learned about Malala’s story – how she was denied the right to education and banned from going out on her own. Right?But have you ever considered how such restrictions might impact the lives of girls and women beyond just those immediate obstacles?Let’s think about it: both education and gender equality go hand-in-hand. They affect across various aspects of development such as health, economic growth, and social stability. When girls and women are given the opportunity to access quality education and recognition as equal members of society, it sets off a ripple effect that benefits not only them but their families, communities, and nations at large. Empowering women through education can help reduce poverty, improve maternal and child health, and foster more inclusive economic growth. This is why SDGs 4 and 5—quality education and gender equality—are crucial drivers for sustainable development.Gender equality, in turn, reinforces education by breaking down barriers that prevent girls from accessing and completing school. In this world, many societies, cultural backgrounds, and socio-economic statuses, limit girl’s education and development opportunities. Just like in the case of Malala and many other young girls. However, it is very much evident that when societies unite and embrace gender equality, more girls are encouraged to attend school and excel in their studies, further promoting a culture of inclusivity and fairness. Let’s have a look at this stat by a UNESCO report that 24% of countries have achieved gender parity.While this global statistic suggests that educational gender parity has largely been achieved, a closer look reveals significant regional disparities. This shows how gender and location often work together to create unequal access to education, with girls struggling the most in sub-Saharan Africa and boys facing barriers in higher education in other regions (UNESCO, "From Access to Empowerment: Operational Tools to Advance Gender Equality," 2022, p. 17).This means that organizations on all levels need to holistically work together to make a bigger and lasting impact. But how can regional organizations help in the bigger vision of gender equality and the right to education?Regional organizations, tailor global initiatives to local contexts and address region-specific challenges.Let’s understand this in the context of the Indian School of Development Management (ISDM).ISDM’s Role in Promoting SDGs 4 and 5The Indian School of Development Management (ISDM) is dedicated to creating sustainable social impact through education, with a strong emphasis on gender equality.ISDM firmly believes that the goals of SDG 4 (Quality Education) and SDG 5 (Gender Equality) are deeply interconnected and essential for a just society.ISDM aims to empower disadvantaged communities with the necessary tools, skills, and opportunities to tackle challenges and create a better future for all. The knowledge institute integrates gender parity into all its programs, acknowledging it as a base for societal progress.What Makes ISDM’s Approach Unique?Innovative strategies in education are the backbone of ISDM’s approach to gender equality in education. It blends community-centered initiatives with data-driven strategies, making solutions that address the root cause of gender and educational inequality. It promotes acknowledging and understanding local contexts and tailoring interventions to achieve particular community needs.Other than this, empowering the Social Purpose Organisations (SPOs) is also a key aspect of ISDM’s work through its collaborations with SPOs. Beyond these partnerships, ISDM strengthens the social development sector by training individuals to lead and manage SPOs effectively.Through its course in Post Graduate Development Management, ISDM equips future leaders with practical knowledge and tools to maximize their impact, building an ecosystem of creative, capable, and sustainable SPOs working toward SDGs 4 and 5.Adding to its innovative approach, ISDM collaborates with the Knowledge Institute (KI), which has developed DataSights, a platform integrating critical datasets on SDGs 4 and 5. This platform includes “knowledge nuggets,” concise insights that increase awareness and inspire action.It also publishes research on contemporary issues in education and gender equality, such as Bridging the Gender Gap: The Promise and Peril of Using Artificial Intelligence and Machine Learning to Accelerate Gender Equality in Economic and Political Weekly.Its insights into SDG 5 are featured in Deccan Herald with It’s Women’s Day. But on the ground, little has changed, and on SDG 4 in Financial Express with Data Analytics: The Key to Improving Education Outcomes.In addition, KI collaborates with the Center for Data Science and Social Impact (CDSSI) on projects like the Code for Change (C4C) hackathon, which mapped the financial vulnerability of women-headed households in India. These initiatives demonstrate KI’s commitment to using data and innovation to drive progress on SDGs 4 and 5.Who Benefits from ISDM’s Programs?ISDM’s programs aim to promote inclusivity of all kinds especially marginalized young girls and women who face systemic barriers to quality education. These programs are crafted to uplift individuals while fostering a culture of learning and inclusivity within communities. Through its scholarships, mentorship, and skill-building workshops, ISDM provides girls and women with the tools to excel academically and professionally. The benefits extend beyond individual success, as educated women contribute to healthier and more resilient communities.Knowing that girls in low-income and rural areas face numerous challenges, including limited school access, cultural norms, early marriages, and inadequate school facilities, ISDM tackles these challenges with a holistic approach.It advocates for policy changes that promote gender-sensitive educational environments and works with local communities to change perceptions about girls’ education.ConclusionWhile the journey toward achieving SDGs 4 and 5 is long and tough, regional organisations like ISDM’s dedication to equal access to education and gender parity continues to make progress.By breaking down barriers and creating opportunities for girls and women, ISDM is paving the way for a brighter, more equitable future.Education and gender equality have the power to transform lives and communities. ISDM’s work, in collaboration with its partners, offers a path forward. Together, individuals and organisations can support this mission, ensuring that every child, regardless of gender or background, has access to quality education and opportunities to thrive.SourcesSDG 17: THE 17 GOALS | Sustainable DevelopmentGoal 4: Quality education - The Global GoalsGoal 5 | Department of Economic and Social Affairsunstats.un.org/sdgs/report/2024/The-Sustainable-Development-Goals-Report-2024.pdfWhy do the Sustainable Development Goals matter? | UNEP - UN Environment Programmehttps://unesdoc.unesco.org/ark:/48223/pf0000387889Education as the Pathway towards Gender Equality | United Nations(PDF) Education's Role in Empowering Women and Promoting Gender Inequality: A Critical ReviewFrom access to empowerment: operational tools to advance gender equality in and through education - UNESCO Digital LibraryRegional Organizations, Gender Equality and the Political Empowerment of Women | United Nations Development ProgrammeYou May Also ReadWhat Are SDGs? A Comprehensive Guide to Sustainable Development GoalsUnlock Synergies: Achieve SDG 17 by Overcoming Multi-Stakeholder Partnership Challenges
Unlock Synergies: Achieve SDG 17 by Overcoming Multi-Stakeholder Partnership Challenges Read more about Unlock Synergies: Achieve SDG 17 by Overcoming Multi-Stakeholder Partnership ChallengesBlogs5 November, 2024SDGsISDM Published: 5 November, 2024“It was the best of times, it was the worst of times” — Charles Dickens (A Tale of Two Cities)This quote from Charles Dickens's novel A Tale of Two Cities highlights the duality of today’s world, where challenges and suffering coexist with growth and advancement. The novel is a great example of communal work reminding us that change is only possible when individuals unite for a common cause.Similarly, in 2015, highlighting the importance and urgency of addressing global challenges to achieve a better and more sustainable future for all, the United Nations established the Sustainable Development Goals (SDGs).A total of 17 goals were established and of these 17 goals, SDG 17 stands out as a critical enabler of success for the entire agenda.SDG 17 emphasizes partnerships and collaborations with various governments, for-profits, not-for-profits, and other stakeholders to make a sustainable future a reality for all.However, it’s not all roses. There are some critical challenges that hinder the 17 UN SDGs. Hence, in this blog, we will explore:SDG 17 and its ImportanceHow to achieve SDG 17The challenges of SDG 17The importance of Partnership for SDG 17Highlighting ISDM's Role in Advancing SDG 17Now without further ado, let's begin our exploration!SDG 17 and its ImportanceSustainable Development Goal 17 (SDG 17), titled “Partnerships for the Goals,” notices the importance of multi-stakeholder partnerships as the beacon of hope for a world where inequality and poverty won’t exist. It aims to achieve its agenda by 2030.SDG 17 serves as a medium for mobilization, knowledge sharing, technological advancement, and financial resources for all countries, especially developing countries, landlocked developing countries, and small island developing states, knowing that no single entity — whether a government, company, or non-profit can alone tackle the world’s biggest challenges.Such as, according to a report on 17 UN SDGs by the United Nations,“The cumulative impact of multiple environmental crises is threatening the foundations of planetary ecosystems. In 2023, the world experienced the warmest year on record. For the first time, global temperatures were dangerously close to the 1.5°C lower limit of the Paris Agreement.”The rising social, environmental, and economic inequalities are a matter of great concern. In such a case, The UN SDG partnerships will contribute to environmental protection and sustainable development by promoting and inventing environment-friendly technology and building capacity.Not only this, the exceeding wars and invasions strengthened the gap between peace and equality leaving 120 million people forcibly displaced. This situation can not improve immediately and alone. This requires a steady, slow, and collaborative effort which can be fulfilled by the 2030 agenda of SDG 17.Therefore, to holistically address and cover the overall interlinked issues, SDG 17 outlines five key areas for collaboration:FinanceBringing resources together to support long-term development.TechnologyIncreasing access to technology and knowledge.Capacity buildingStrengthening the abilities of governments and organisations.TradeMaking global trading systems more fair and equitable.Systemic IssuesPromoting multi-stakeholder collaboration to implement the SDGs.The essentiality of SDG 17 comes from its ability to facilitate collaborative actions, ensuring that the other 16 goals are fundamentally achieved through the cohesive efforts of partnership. Without strong SDG 17 partnerships, these goals can be delayed or even fail.How to achieve SDG 17?To achieve a sustainable tomorrow, we need bold actions today, and it’s possible through meaningful and long-term partnerships.First, peace is essential as it maintains the overall growth of society. Hence, solving conflicts through dialogue and upholding the UN’s values becomes crucial, eventually building trust and communication on all levels. Such as Governments, private companies, NGOs, and local communities. These networks foster an environment conducive to collaboration.Second, solidarity among the multi-stakeholders should be the priority. Developing countries need more financial assistance, technology, and human expertise, and for that, the global financial system must invest in the SDGs. Other than this, both private and public sectors should work together to mobilise funds.Third, capacity building through training and education to acquire knowledge and skills for development initiatives is also very important.Fourth, cross-sector partnerships ensure that multi-stakeholder partnerships involving actors from different sectors such as public, private, and civil society are extremely influential in knowledge-sharing and resource pooling.Fifth, facilitating fair global trade cooperation can boost economic growth and development, especially for developing counties.By integrating these approaches, organizations and governments can align their efforts to support sustainable outcomes. But ultimately, achieving SDG 17—and all the SDGs—will take ongoing effort, strong partnerships, and a shared commitment to ending poverty, protecting the planet, and leaving no one behind.Challenges of SDG 17While SDG 17 is an optimistic agenda, only 17% of the SDG targets are on track. There are many challenges in SDG 17’s way that hinder its growth and fulfillment.According to The Sustainable Development Goals Report 2024, the SDG 17 progress has been halted and even regressed on multiple fronts. This all could be due to COVID-19’s post-effects, international conflicts, climate shocks, and economic turmoil leading to increasing inequalities.Not only this but challenges such as:Lack of trust among multi-stakeholders is also a major issue. Many stakeholders, especially in developing countries, may not fully trust multinational corporations, governments, or international organizations.Resource imbalance among partners can lead to power imbalances in decision-making processes. Developing countries with fewer resources are often left out of participation as wealthier countries and organisations may dominate discussions and decisions.Fragmentation of resources among initiatives leads to imbalanced actions with potentially reduced or uneven impact. Without proper coordination and collaboration partnerships can not reach their full potential.Political instability and bureaucratic barriers, such as conflicts, economic challenges, and lengthy processes, frequently prevent countries from fully participating in or benefiting from global partnerships.Addressing these challenges is crucial for SDG 17 partnerships to flourish and drive real progress.The importance of Partnership for SDG 17The partnership for goals SDG 17 allows for a pool of resources, expertise, and technologies for all, eventually reducing duplication of efforts and saving resources.Furthermore, effective multi-stakeholder partnerships enhance accountability and transparency and foster innovation by bringing together diverse ideas for solving complex challenges.Not only this but multi-stakeholder partnerships for SDG 17 promote inclusivity by providing opportunities for participation to the marginalised representatives. This ensures that development strategies are holistic and address their needs ensuring that no one is left behind in the pursuit of SDGs.Highlighting ISDM's Role in Advancing SDG 17The Indian School of Development Management (ISDM) plays a pivotal role in advancing SDG 17 through its partnerships with Social Purpose Organisations (SPOs), NGOs, and other stakeholders in the development sector.ISDM’s aim is to help strengthen the capabilities of these organisations, so that they can manage and scale their initiatives.By collaborating with NGOs, ISDM indirectly contributes to the realisation of SDG 17 fostering partnerships aims to fulfil sustainable development.ISDM provides leadership development, training, and capacity-building progragrams, facilitating social organisations with the tools they require to operate more effectively and make a greater impact. Moreover, ISDM actively promotes knowledge sharing among SPOs and other stakeholders.It provides a forum for exchanging ideas, experiences, and best practices, facilitating the type of collaborative learning required to achieve SDG 17 goals. The organization's emphasis on cross-sector partnerships aligns directly with SDG 17’s call for collaboration. By acting as a bridge between development actors, ISDM ensures that efforts to address critical social and environmental issues are well-coordinated and far-reaching. ConclusionAchieving SDG 17 is tough but not impossible. It is vital for realisation of all the SDGs. Strong partnerships, with trust, inclusivity, and collaboration, are the mechanics driving the SDG 17. By overcoming the challenges that hinder multi-stakeholder cooperation and fostering meaningful collaborations,governments, businesses, and civil society can unlock the synergies needed to address the world’s most pressing challenges.Institutions like ISDM are the best examples of partnerships in action.By supporting capacity-building efforts and enabling knowledge exchange, they are helping to lay the foundation for the successful achievement of SDG 17 and, by extension, the entire global development agenda.SourcesMulti-stakeholder partnerships | Department of Economic and Social Affairs (un.org)The-Sustainable-Development-Goals-Report-2024.pdfMulti-stakeholder Engagement for the Sustainable Development Goals: Introduction to the Special Issue | Journal of Business Ethics (springer.com)GOAL 17: Partnerships for the goals | UNEP - UN Environment ProgrammeExperts Examine Multi-stakeholder Partnerships’ Challenges, Potential – SDG Knowledge Hub (iisd.org)SDG Goal 17: Partnerships for the Goals - UNICEF DATASDG 17 Partnership for Goals- India’s Approach and Initiatives - Indian Council of World Affairs (Government of India)SDG Goal 17: Partnerships for the Goals - UNICEF DATASDG 17 Partnership for Goals- India’s Approach and Initiatives - Indian Council of World Affairs (Government of India)India's stance on SDG 17: Partnerships For The GoalsYou May Also ReadWhat Are SDGs? A Comprehensive Guide to Sustainable Development GoalsFrom Education to Equality: ISDM’s Approach for Achieving SDGs 4 & 5
What Are SDGs? A Comprehensive Guide to Sustainable Development Goals Read more about What Are SDGs? A Comprehensive Guide to Sustainable Development GoalsBlogs25 October, 2024SDGsISDMFAQs What is sustainable goal development? Sustainable goal development means planning for the future and embedding it in long-term economic growth, social development goals and environmental protection. What is the main objective of sustainable development? The essential aim of sustainable development is to attain economic development while caring for both society and the environment. What is the concept of sustainable development? Sustainable development refers to the idea of achieving growth in an environmentally friendly manner that will allow future generations to live a fulfilled life. How do you explain SDGs? There are a total of 17 objectives of sustainable development defined in the World Development Agenda whose focus is to resolve issues, namely poverty, inequality, and climate change, toward the common goal of environmental sustainability. What are examples of sustainable development? Some sustainable development examples are the use of solar power, windmills, organic farming, and other recycling programs, and regulations to cut down greenhouse gases. What is the importance of sustainable development? Sustainable development is essential because it productively encourages resource management, promotes environmental care, and provides means for future generations. What are the four types of sustainable development? The four types of sustainable development are Human, Social, Economic, and Environmental Sustainability. What are the two major benefits of sustainable development? The two major benefits of sustainable development that ensure a better quality of life are:The preservation of ecosystems.The promotion of social equity. What is the scope of sustainable development? The scope includes policies and structures responsible for protecting the environment and ensuring sustainable socio-economic benefits. What are the three P's of sustainability? The three P's of sustainability are People, Planet, and Profit. Published: 25 October, 2024Today, humanity exists in an interconnected globe with severe collective problems such as climate change or poverty/inequalities. The United Nations established the Sustainable Development Goals (SDGs) as a reference to address such conflicts and give better lives for people in all areas of our planet. Their main aim is to tackle these challenges along with others to make the world more sustainable for future generations. But what exactly are these SDGs, and what benefit can we or the environment get from them? Well, here we will discuss the same and cover their aim, objectives, importance, and more.Sustainable Development Goals MeaningThere are 17 goals defined in SDGs and they are focused on the sustainable development of our future generations. These are designed explicitly for poverty eradication, environmental protection, and the promotion of our well-being. The SDGs meaning is no longer confined with terms like goals- they have been taken as a blueprint for sustainable development that lasts.The Evolution of SDGs from MDGsMDGs, formed in 2000, were focused on reducing poverty, mortality and lack of education in developing nations. MDGs were successful to an extent. However, there were some issues related to the way they were implemented. Later on, in 2015, SDGs came into action with motivation similar to that of MDGs. This sustainable development project is more inclusive as it embraces both developing and developed countries. The SDGs were created with the conviction that every nation will have to participate in the achieving of these goals thus leading toward sustainable development.Key Differences Among MDGs and SDGsEven though it is easy to assume that SDGs are similar to MDGs, which is to some extent true, however they both are somewhat different in some factors. These are:MDGs were meant for more developing countries and contained individual problems focused on poverty, hunger and health. SDGs are more wholesome and focus on both developing countries as well as sustainable management.MDGs consisted of 8 goals; SDGs increased to 17 goals, including more factors.MDGs were focused on poverty, education, and health. Besides these topics, SDGs also promote equality, climate change, gender equality, and more.Overview of the 17 SDGsThe SDGs are grouped into three broad categories: Social, Environmental, and Economic Goals. As mentioned, there are 17 SDGs, and they are:No Poverty: Complete eradication of poverty in all of its forms everywhere.Zero Hunger: End hunger, promote agriculture, and provide food for every person.Good Health and Well-being: Ensure health and provide care for everyone regardless of their age.Quality Education: Ensure quality education that is equitable and inclusive.Gender Equality: Eradicate gender-based discrimination and empower all women.Clean Water and Sanitation: Ensure and develop appropriate water supply and waste disposal systems.Affordable and Clean Energy: Provide access to affordable, reliable and modern energy.Decent Work and Economic Growth: Provide constant and inclusive enhancement of economic activities.Industry, Innovation, and Infrastructure: Develop resilient infrastructure and enhance creativity.Reduced Inequalities: Further decrease and eradicate the inequalities that exist.Sustainable Cities and Communities: Develop cities and communities that are inclusive, safe, resilient and sustainable.Responsible Consumption and Production: Promote patterns of consumption and production that are sustainable.Climate Action: Make urgent efforts to combat climate change and its effects.Life Below Water: Protect and manage the oceans, seas, and marine resources.Life on Land: Conserve and promote the sustainable use of land-based ecosystems.Peace, Justice, and Strong Institutions: Support the achievement of peaceful and constructive solid societies.Partnerships for the Goals: Revamp and strengthen global partnerships for sustainable development.Why Are SDGs Important?SDGs are essential to build a better future. Following are the reasons that make these important:Extend to creating a universal response to various issues being faced.A balance among the environment, society, and economy is created.Upon achieving these goals, natural resources are sustained.Eradicate poverty along with promoting development.ConclusionSDGs are more than just the goals to be achieved; they are the means to make a sustainable and peaceful future. These goals cover the issues that are highly faced in both developing and developed countries as well. If these are achieved, then the coming generations will not only coexist with nature but will flourish.You May Also ReadWhat Are SDGs? A Comprehensive Guide to Sustainable Development GoalsUnlock Synergies: Achieve SDG 17 by Overcoming Multi-Stakeholder Partnership ChallengesFrom Education to Equality: ISDM’s Approach for Achieving SDGs 4 & 5
Non-profits pin faith on OBF for funding Read more about Non-profits pin faith on OBF for funding Blogs23 October, 2024Nonprofit FundingISDMTias Dutta, Geeta Tiwari Tias Dutta, Geeta Tiwari | Published: 23 October, 2024Outcome-based Financing (OBF) is a promising funding model for Nonprofits. It promotes transparency, accountability, and a focus on long-term outcomes. CIFSI’s latest report Navigating Outcomes- Based Financing in India: Perceptions of the Not-for-Profits Outcome-Based Financing (OBF), finds out the gaining popularity of OBF for funding, with organisations appreciating OBF benefits for NPOs more than its associated risks and market challenges.71 NPOs across India in diverse sectors were surveyed to understand how they view OBF as a funding tool. They were presented with a mix of typical risks, benefits and challenges in Outcome-Based financing, and their responses were measured on a Likert scale to arrive at actionable trends.A Positive Outlook on OBFAn impressive 83% of nonprofits are enthusiastic about OBF's potential, viewing it as a promising alternative nonprofit funding model to traditional funding. According to the data, nonprofits rate the benefits of OBF at an average of 3.6, compared to a lower rating of 2.6 for potential risks and 3.0 for market-level challenges in Outcome-Based Financing.Enhancing Accountability and TransparencyNonprofits appreciate OBF as a tool to diversify non-profit funding strategies and as a mechanism to strengthen their operational practices for driving accountability, evidence-based decision-making, and transparency. Benefits such as "showcasing validated evidence," "better measurement of outcomes," and "stronger data systems for tracking impact" were rated high. Interestingly, “lack of trust in third-party/external evaluation", often perceived as a risk, has been rated low, highlighting nonprofits' openness to external assessments and commitment to accountability.The Challenge of FlexibilityWhile OBF for funding theoretically offers greater flexibility in fund usage and project implementation than traditional funding models, this benefit appears less important to nonprofits. “Flexibility in fund usage" and "innovation and flexibility in service delivery" received lower ratings as benefits. This suggests that while non-profits recognise the theoretical advantages of OBF, other benefits, such as accountability and transparency, currently hold more relevance.Financial Concerns RemainDespite the advantages, financial concerns are common among NPOs of various sizes. They commonly perceive risks such as "inadequate working capital" and the "risk of funding being stopped halfway if outcomes are not achieved" as significant challenges in Outcome Based Financing. OBF models like Development Impact Bonds (DIBs) are designed to address these risks by involving risk investors who provide initial capital with reimbursement based on achieved outcomes. This highlights the need for increased awareness and education about how OBF instruments can mitigate financial risks.The Need for Impact StandardisationAnother key challenge identified is the lack of impact standardisation. This contrasts with our previous observations where nonprofits hesitated about standardising impact due to sector complexities. This change in perception over time underscores the importance of engaging all stakeholders, particularly nonprofits, to understand their perspectives on impact standardisation and develop effective frameworks and metrics. Most nonprofits face challenges in measuring their impact effectively, which reduces their confidence in OBF for funding. As a result, defining outcomes becomes particularly challenging when projects are in their early stages. A shared understanding of impact indicators and baseline metrics is needed to address this, alongside increased collaboration to establish standardised frameworks.Moving ForwardThe positive reception of OBF among nonprofits underscores its potential to transform funding practices and enhance non-profit funding strategies and practices. By addressing financial concerns, improving awareness on OBF instruments, and exploring solutions for impact standardisation, the sector can better leverage OBF to drive positive social outcomes. As NPOs continue to navigate these challenges, the insights gained from recent studies will be crucial in shaping the future of OBF and its role in the nonprofit landscape.You May Also ReadUnlocking Social Impact Funding: Strategies for For-Profit EnterprisesDemystifying Social Impact Funding: A Landscape of Diverse Players and Objectives
Dialogues on Development Management (DoDM) 2024: A Conference on Management for Social Change Read more about Dialogues on Development Management (DoDM) 2024: A Conference on Management for Social Change Blogs2 September, 2024ISDM writesISDMISDM Published: 30 August, 2024IntroductionGood management practices are important for the success of any organisation. However, while many organisations across multiple sectors want to develop leaders at every level, its implementation leaves a lot to be desired. The development sector is no different. Even when efficient management is the call of the hour for Social Purpose Organisations (SPOs) that seek to drive outcomes at scale, multiple roadblocks prevent the widespread adoption of development management principles.Understanding this need of the social sector to engage in dialogues about development management, Indian School of Development Management (ISDM) launched the premier conference, Dialogues on Development Management (DoDM). DoDM is an annual event for the social sector that offers a unique platform for collaboration and knowledge sharing. The primary objective of this gathering is to bring together SPOs, enablers, funders, and other professionals to discuss the challenges and opportunities of building, managing, and growing organisations, partnerships, as well as networks. Currently, the social sector focuses on developing technical capacity and research talent, and DoDM wants to highlight the equally important role of development management for achieving long-term success.The first edition of DoDM, held in 2023, laid the foundation for conversations surrounding development management through the themes of innovative finance, talent management, and data for social impact. This year’s edition, DoDM 2024, is a step towards nurturing critical conversations around building resilient organisations.About DoDM 2024DoDM 2024 wants to build on the foundation of development management by focusing on the future of the social sector. It seeks to emphasise the importance of effective management in driving positive change through three interconnected tracks: Building Resilient Organisations, Building the Sector of the Future, and Building a Voice for the Sector.Building the Sector of the FutureThe future of the development sector rests on several key factors that lead to lasting and large-scale social impact, including innovative approaches and partnerships, funding models of the future, and understanding the roles of Samaaj-Sarkar-Bazaar. This track will initiate important discussions across four sessions that will examine:Effective collaboration between governments, non-profits, and philanthropists, with defined roles, accountabilities, and expectations.Scaling models that prioritise impact over size, with a focus on key factors and innovative approaches.The evolving role of philanthropy in funding social sector organisations, emphasising proactive fundraising and catalytic capital.Potential benefits and challenges of impact standardisation while considering the limitations of a one-size-fits-all approach.Building Resilient Organisations for the FutureIn the evolving social sector, building a resilient, structured, and effective organisation requires strategic planning, talent development, and financial sustainability. The importance of these principal elements will be covered through three sessions, including:The role of strategic planning in building organisational resilience, focusing on practical steps, key components, and insights from practitioners.Cultivating a learning and growth culture that supports talent retention, team development, and effective leadership.Good practices in financial management, focusing on building, managing, and utilising a corpus to enhance operational independence and financial resilience.Building a Voice for the SectorA multi-stakeholder approach can help enhance the visibility and influence of the social sector. So, this track will focus on strategies that enhance the sector's visibility, attract top talent, and build a powerful presence to drive social impact through:Evidence-based advocacy strategies for influencing government and policy.Viability and impact of creating a unified voice for the sector.Attracting young talent by building awareness and developing strategies to inspire the next generation.Harnessing new-age communication channels to increase reach and influence, drawing insights from successful social sector organisations.Research Papers and MasterclassesDoDM 2024 will also feature a research paper presentation track. This track will provide a platform for researchers to present their work in the social impact space to experts, who will review their presentations and provide valuable feedback for refining their papers.Additionally, DoDM will offer curated 90-minute masterclasses by leading experts. They will provide knowledge and insights on various areas of development management, such as design thinking, storytelling for social change, and systems thinking.Join Us at DoDM 2024DoDM 2024 is a must-attend event for professionals in the social sector, working in for-profit social enterprises, non-profit organisations, funding organisations, or government agencies. This conference gives you the unique opportunity for cross-learning and connecting with leaders across the development landscape. You can network with diverse funders, engage with delegates from various sectors, and have critical conversations about strengthening organisations for sustainable impact.Be a part of the dialogues shaping the social sector's future. Join us at DoDM 2024!DoDM is an in-person event that will be held on 21 November 2024 at Dr. Ambedkar International Center in New Delhi, starting at 8 am.Register now: https://dodm.isdm.org.inYou May Also ReadDialogues on Development Management (DoDM): A Conference on Management for Social Change
Dialogues on Development Management (DoDM): A Conference on Management for Social Change Read more about Dialogues on Development Management (DoDM): A Conference on Management for Social Change Blogs12 August, 2024ISDM writesISDM Published: 12 August, 2024Understanding DoDM: A Platform for ChangeCollaboration and knowledge-sharing are the cornerstones of creating lasting social impact. Therefore, bringing together various perspectives is essential for addressing pressing social issues, innovating, and building a more equitable society.Dialogues on Development Management (DoDM), by the Indian School of Development Management (ISDM), is a platform designed to foster these important conversations and help build organisations that can deliver sustained impact at scale. We believe that by creating a space for open dialogue and knowledge exchange, we can empower social sector professionals to overcome challenges, share best practices, and drive positive change.DoDM is an annual conference that brings together leaders, practitioners, and thought leaders from across the social sector. Our aim is to explore the critical aspects of development management - from building resilient organisations to creating impactful partnerships and scaling initiatives.Launching DoDM 2023: A Strong StartDoDM made its debut on September 20, 2023, at the Dr. Ambedkar International Center in New Delhi. This inaugural event brought together over 800 participants from a diverse range of organisations, including NGOs, enabling organisations, government bodies, and funding institutions.This conference stemmed from the need to promote the principles of development management within the social sector. In the words of Ravi Sreedharan, President and co-founder of ISDM, “Businesses are over managed and under led while the social sector is over led and under managed.”DoDM 2023 explored three critical themes towards building the foundation of development management:Innovative Finance and Philanthropy,Talent, Leadership, and Governance, andData and Data Science for Social Impact.These tracks were co-created with 13 partner organisations, ensuring the content was relevant and impactful. The conference featured a lineup of speakers who shared their insights and experiences, leading to thought-provoking discussions.Attendees were able to network with peers from different organisations, gain a deeper understanding of development management challenges and solutions, and learn about innovative approaches. As one attendee, Sameer Shisodia, remarked, “I think these dialogues are very important for improving the problem-solving landscape and civil society effectiveness in India. This is a very good start, and it is very encouraging to see the number of people who have turned up for this.”DoDM 2023 was a resounding success, laying the foundation for an impactful annual event.A glimpse at DoDM'23 Looking Ahead: DoDM 2024Building upon the DoDM 2023, we are excited to present DoDM 2024, where we dive deeper into the critical components shaping the future of the social sector.Last year, we explored the themes of innovative finance, talent management, and data for social impact. These themes, while crucial, are interconnected and contribute to three broader objectives we plan to convene on for this edition of DoDM: Building Resilient Organisations, Building the Sector of the Future, and Building a Voice for the Sector.Building Resilient Organisations, the first track, focuses on the question of how the social sector can achieve sustained impact at scale with organisation and funding models of the future. It also touches upon the roles of Samaaj-Sarkar-Bazaar towards this goal.The second track, titled Building the Sector of the Future, will dive deeper into strategies, best practices, and experiences that shape a thriving ecosystem. Attendees will hear from sector leaders, funders, and enabler organisations on how they can build resilient, well-managed organisations that can deliver lasting impact.Building a Voice for the Sector, the final track, will prioritize conversations on amplifying the social sector's impact by building a strong collective voice. This track will feature diverse perspectives on enhancing sector visibility, attracting talent, and influencing policy.Through these three interconnected tracks, DoDM 2024 aims to create a dynamic and collaborative space for the social sector to learn, grow, and thrive.Join Us at DoDM 2024: Be Part of the ChangeAt DoDM, attendees have the unique opportunity to connect with and gain insights from leaders across various sectors within the development landscape. They will have the chance to network with a diverse range of funders, including those involved in CSR, philanthropies, family offices and foundations. They will also be able to engage with delegates spanning Samaaj, Sarkar, and Bazaar.A diverse gathering of individuals and organisations is essential for building communities of practice within the social sector and shaping the future of development management. By fostering collaboration and shared learning, DoDM is a step towards effectively tackling complex social challenges and creating a lasting impact.Be a part of this thriving community - join us at DoDM 2024. The event will be held on 21 November 2024 at Dr. Ambedkar International Center in New Delhi, starting at 8 am.Register now: https://dodm.isdm.org.inYou May Also ReadWhat Makes ISDM, ISDM| Indian School of Development ManagementWhy philanthropy is the way forward for development , not charityWhy choose Development Management in a post- pandemic world?