Embedding Impact Incentives into Deal Making

Design and Evaluate a Theory of Change

Learn how to develop and make use of a Theory of Change to better strategise and measure social impact.

Sharon Weir
Co-Founder of
4th Wheel Social Impact

Tatjana Mauthofer
Monitoring & Evaluation
Consultant at Mainlevel Consulting

Sharon Weir and Tatjana Mauthofer for Efiko Academy
Learning Goals

What you will learn

Target audience

This course is designed for

Social entrepreneurs or enterprises that want to adopt efficient methods to start measuring and managing their impact.

NGO leadership or Monitoring & Evaluation (M&E) officers looking to strengthen the social impact measurement of their organisation.

Intermediaries who want to help entrepreneurs and organisations establish social impact measurement and management practices.

This course is designed for you to enjoy every step of it, by learning at your own pace and practising what you learn through tools, exercises and case studies.

all the tools you need to succeed

Special features
  • Identifying problems and objectives: 1) Templates for Fishbone Diagram, 2) SWOT Analysis, 3) Problem Tree

  • Milestones template on Theory of Change building and using ToCs to be filled by organisation

  • Building Indicator tracking tables for outcomes across the causal pathway

  • M&E plan, incl. indicators, baseline/target values, data sources, roles and responsibilities and frequency of data collection

  • Backwards Outcome Mapping for a Sports for Development Intervention

  • Review on Complexities in Social Change

  • Developing ToCs for a multi-country and multi-sector programme

  • 20+ insights from experts for entrepreneurs, investors, NGO leaders with lessons learned and best practices

  • Quiz on key concepts and definitions

  • Worksheet for participants to formulate results and objectives

  • Operationalizing results through indicators

Theory of Change

Course modules

The course is structured around four chapters and 12 lessons taking you from the foundations to advanced methods of building a Theory of Change framework for Monitoring & Evaluation (M&E) activities within an organisation.

The chapter will establish the need for impact management tools and present key milestones in Theory of Change (ToC) development from an organisational perspective. It provides hands-on insights that enable you to start designing and implementing a robust ToC.

The chapter will equip you to connect one’s mission with desired outcomes and visualize intended pathways of change. You will learn how to formulate results and objectives and apply key techniques to develop your own Theory of Change.

This chapter will guide you in defining relevant impact indicators. Through examples and templates, you will be able to use Theory of Change (ToC) frameworks to outline indicator grids, determine data collection processes, and initiate the development of your own Monitoring, Evaluation and Learning framework.

This chapter will offer practical guidance on engaging teams, consulting with stakeholders and allocating time and budgets for the effective and continued use of your impact management tools. Concrete advice and best practices for visualisation of the ToC  and reporting of impact results aligned to the outcomes outlined in the ToC will be provided.

Team of Trainers

Get to know your trainers
Lead Trainer
Lead Trainer

Sharon Weir

Co-Founder of 4th Wheel Social Impact

Sharon has a MSc. in Development Studies from the School of Oriental and African Studies, University of London. She co-founded 4th Wheel Social Impact in 2010 and has designed and implemented more than 100 research, evaluation and communication projects in the public and private sector across domains spanning from education to health, women empowerment and CSR.

Tatjana Mauthofer

Senior M&E Specialist at Mainlevel Consulting

Tatjana completed her M.A. in International Development Studies at the University of Marburg and regularly conducts seminars and trainings with a focus on impact measurement in social entrepreneurship. When living in Mumbai for several years, Tatjana and Sharon became sparring partners and friends, sharing their passion for social development and impact management.
Course Partner

More about 4th Wheel Social Impact

As a research and advisory firm, 4th Wheel provides valid and sophisticated insights to social welfare programmes to enable data-driven decisions. Practical and culturally relevant social impact assessment strategies are designed for organisations that involve all stakeholders, not just evaluation experts. Impact evaluation is incorporated into programme design by developing contextual Theory of Change (ToC) frameworks and building impact-focused solutions.

Course Partner

More about Mainlevel Consulting

Mainlevel provides services in monitoring, evaluation and digitalisation to organisations in the public and private sector. From developing digital monitoring systems and conducting evaluations to strategic guidance on digitalisation and developing IT solutions, they are committed to enabling our clients to manage complex programmes more effectively and efficiently.

make it happen

Become an Early Bird and get a 10% discount

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What you get as an Early Bird

1. Right now, you can secure your spot for the price of 1 symbolic euro.

2. Stay up to date with news and updates during the course development process.

3. Be among the first people to enroll to the course upon the release of the course in May 2022!

Price to be paid today
€ 1
Price of the course
€ 199
Discount for early birds


Remainder to be paid upon release
€ 179

Price to be paid today: €1
Price of the course: €199
Early Bird discount: 25%
Remainder to be paid upon release: €149

Register as an Early Bird and secure your Early Bird benefits!

Any questions?

Contact Timothy

Did you know that 92% of our course takers are satisfied? That’s why we boldly guarantee that our courses will not let you down. Contact me in case you have any questions about our courses.

Any questions?

Contact Timothy


Did you know that 92% of our course takers are satisfied? That’s why we boldly guarantee that our courses will not let you down. Didn’t get what you expected from the course? Let us know and get a full reimbursement up to 15 days as an Autonomous Learner, or up to 5 days as a Social Learner.


Frequently Asked Questions

Can't find the answer to your question? Contact us on

The estimated release date of the course is May 2022. As an Early-Bird, you will receive regular updates about the release date.

You can decide to enroll at the discounted rate in the course up to 3 months after the release of the course.

You will be able to start learning whenever it suits you best. 
You can interact with peers and post your questions for the expert at any time.

This course is mainly designed for social entrepreneurs, NGO leaders, Measurement & Evaluation officers and intermediaries supporting social purpose organisations. While prior practical experience is a plus, it is no pre-requisite to start the course. The complexity of the content increases with every chapter but many examples, exercises and case studies will help you build self-confidence and deep understanding of each step of the journey. 

Yes, a certificate signed by 4th Wheel Social Impact, Mainlevel Consulting and Efiko Academy, is provided upon completion of the course.

In all packages, you’re invited to join the community platform where you can ask your burning questions. 
As an early bird, you will be invited to attend one live case solving session with the lead trainers and a group of peers where you will also have the opportunity to ask questions. Your early bird discount will also be applicable on other packages of this course with more live interaction moments when those will be launched.
In other cases,  is always open for questions.

For now, the course is only available in English.

The content will soon be subtitled in various languages.

Yes, we offer the option to pay with credit card (Mastercard, VISA) or PayPal. If you would like to pay with your debit card, we advise you to create a free prepaid PayPal account here and use it to make your payment.

Every transaction on Efiko is performed and secured by Stripe, a reliable payment processor.

Yes, you can secure several tickets at once by contacting us at . Include the number of people you would like to enroll and we’ll get back to you promptly. We also offer B2B/group deals. Don’t hesitate to contact us to request a demo.

Yes, Stripe processes payments in 130+ currencies. PayPal also allows you to convert money to a different currency.

Yes, we can provide an invoice or proof of purchase so you can get reimbursed by your employer or company. Simply reach out to us at stating the course name and package you'd like to take and for how many people. 

Yes, we do offer reimbursement on the course in case you’re not satisfied with it. The reimbursement applies following these conditions:
a) Up to 15 calendar days after you enrolled to the course or up until 5 days after the introductory session if you register as Social Learner;
b) The guarantee applies up until you consume 20% of the course content;
Contact to ask for a reimbursement. We will review your request and in case your demand complies with the above conditions we will transfer the amount you paid, minus transaction costs.

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