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Social impact measurement models

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  • 4 days ago
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  • Abstract proposals for social impact measure management  
    In category: Social Impact.

    The 21st-century world is rife with inequality and global warming, and these handicaps demand an urgent search for alternative solutions. Social impact is one of them. It is a new way to comprehend the economy which overcomes traditional restraints and places the social and environmental dimensions at the same level as the financial sphere.
    The impact economy is a young market that still has far to go, especially in Spain, where it is barely a few years old. To achieve its full potential, it must first generate a solid base governed by certain standards that are stable and widely accepted by most organisations that constitute the ecosystem.

  • Valuing social impact: measuring beyond economic performance  
    In category: Social Impact.

    Organizations should be able to create economic value for their shareholders, but also environmental and social value for all their stakeholders. This is what professors Porter and Kramer stated in 2011 in their theory of the creation of shared value. Techniques to measure this value are needed if we are to account for it. Although it was an unknown field for the general public, there were already pioneering applications for measuring social impact some years ago. For example, in 1966, NASA was already using indicators to measure the social impact of its programmes. They continue to use this type of indicator nowadays.
    A lot of water has passed under the bridge since then and the measurement of social impact has evolved considerably.

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