152 research outputs found
The ambitions and challenges of SROI (social return on investment)
With the growing interest in measuring the social impact of third sector activities, there have been a range of approaches developed. One of these, social return on investment (SROI) has received particular attention and is being promoted by third sector organisations, as well as public and private bodies. This paper examines this approach in detail and identifies a series of issues that require further investigation. These include technical and methodological issues related to this adjusted cost-benefit analysis such as quantifying the value of social benefits, and attribution; the judgement involved in setting indicators; whether projects deemed successful based on an SROI analysis can provide the basis for replicability and scaling up; and the ways in which SROI is being used by stakeholders. Through examining these challenges in detail, the approaches to measuring social impact can be strengthened, standardised and made more rigorous. While the issues raised here are essential to developing SROI further, they are also valid for more general discussions regarding the proving and improving of the value added by the UK third sector
The ambitions and challenges of SROI.
With the growing interest in measuring the social impact of third sector activities, there have been a range of approaches developed. One of these, social return on investment (SROI) has received particular attention and is being promoted by third sector organisations, as well as public and private bodies. This paper examines this approach in detail and identifies a series of issues that require further investigation. These include technical and methodological issues related to this adjusted cost-benefit analysis such as quantifying the value of social benefits, and attribution; the judgement involved in setting indicators; whether projects deemed successful based on an SROI analysis can provide the basis for replicability and scaling up; and the ways in which SROI is being used by stakeholders. Through examining these challenges in detail, the approaches to measuring social impact can be strengthened, standardised and made more rigorous. While the issues raised here are essential to developing SROI further, they are also valid for more general discussions regarding the proving and improving of the value added by the UK third sector
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Introducing social and sustainable enterprise: changing the nature of business
This chapter introduces the volume, Social and Sustainable Enterprise: Changing the Nature of Business, which is edited by Sarah Underwood, Richard Blundel, Fergus Lyon and Anja Schaefer. The book draws together contemporary research contributions that seek to critically explore a range of issues in the speciļ¬c context of social enterprise, sustainable entrepreneurship and social responsibility. Collectively, the chapters in this volume consider the challenges facing social enterprises globally, their environmental impact and the difļ¬culties for policy makers in their efforts to tackle complex international environmental problems. The volume contributors draw on a range of research themes, methodological approaches and international contexts to enhance our understanding of the meaning, critical nature and value of social and sustainable enterprise development. Thus, this volume speaks directly to the core objectives of this book series by providing an opportunity for the ISBE [Institute for Small Business and Entrepreneurship] community of interest to challenge current thinking and create a research agenda for future inquiry
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