TangibleImpact
Greater impact through better consensus
Introduction
A real estate development can never satisfy everyone. Local community needs, city’s visions and developer’s financial abilities often collide and create contradictions and tradeoffs. Comparing and communicating trade offs across stakeholder groups can be time consuming and labor intensive, often not leading to shared understanding around impact. Tangible Impact offers visualization and analytic tools to compare and communicate trade-offs, streamlining the project process while maximizing both private and public benefits.
Problem
Real estate developers committed to positively impacting local communities often face significant challenges in navigating stakeholder expectations. While communities, financiers, investors, and city officials bring diverse visions and vocalized preferences, developers must work within specific constraints to achieve a meaningful impact.
A key hurdle is the need to communicate effectively across stakeholders, each with varying levels of understanding about others’ priorities. This complexity prolongs the consensus-building process, as developers must translate needs and constraints between groups without a shared framework for agreement, When projects move forward without broad consensus, this communication breakdown creates an adversarial atmosphere where productive collaboration becomes difficult, creating mistrust and missed opportunities, ultimately extending project timelines and increasing costs.
Opportunity
TangibleImpact aims to enhance communications between developers and stakeholders to compare tradeoffs and streamline consensus-building. We provide a set of interactive visualization and analytical tools to help developers synthesize data from multiple sources, communicate tradeoffs among key stakeholders to reach consensus, and recommend solutions for greater public and private interests.
The platform has these two core features:
Interactive Tradeoff Visualization: This tool enables developers to clearly present how different project decisions impact outcomes. It allows for real-time exploration of alternatives, fostering mutual understanding among stakeholders.
Analytics Tools for Stakeholder Feedback: Our platform processes input from stakeholders (e.g., community members, city officials) to identify key concerns, assess feedback based on impact, and recommend compromise solutions that balance diverse needs with development constraints.