Impact refers to the effects or consequences of a particular action or event. It is an assessment of how something influences or changes a given situation.
In business, impact analysis is commonly used to evaluate the potential outcomes of a decision or project. It helps in identifying the positive or negative effects on various aspects such as finances, operations, and stakeholders.
In environmental studies, impact assessment is conducted to determine the potential effects of human activities on ecosystems, habitats, and biodiversity. It helps in making informed decisions to mitigate or minimize adverse consequences.
Impact can also be seen in the context of social issues, where the evaluation of policies, programs, or initiatives aids in understanding their influence on society, communities, and individuals. It helps in shaping policies to address societal challenges effectively.
