During the last years, there has been an increasing importance to identify new approaches both to measure and manage sustainability of projects in general and enterprises in particular, and their impact in the community. Planning the impact of a project or an enterprise means to think about their own mission and actions in the community, and how its actions can benefit the community itself both in the short and especially on the long term. Nowadays, there are not only UN SDGs but dozens of framework to which it is important to look at, thus making own entrepreneurial actions be more sustainable and impact-oriented. International donors and institutions – EU included – are developing taxonomies to give a compass on this field and to address the actions of organizations and enterprises. The main aim of this module will be to give a first insight on the concept of impact, its importance and how it is possible to measure it and its strategic implications.