In the interest of raising capital for socially purposed initiatives, social impact measurement is fast becoming a critical success factor; differentiating between projects that do and do not, receive funding, from both public and private donors and impact investors.
An ever-increasing amount of social purpose organizations (NGO’s, non-profits, charities and social enterprises), funders/investors (both public as private) and multinationals are united by a goal: creating social, including environmental, value.
In order to attain that goal and further magnify it, it is critical to know which approaches are superior and why. This is how social impact measurement comes into the conversation…
Measuring and managing social impact helps an organization involve diverse segments of stakeholders, understand what changes and ultimately, to value what matters. Impact measurement increasingly empowers and organization to be accountable for the changes created by the mission of the organization. Lastly, measuring impact will provide an organization with insights into where and for whom are creating impact and how to maximize this.
The Sector Inc., provides customized solutions for social impact management. Whether led by a public authority, social enterprise, investor/funder, non-profit or corporate, measuring, monitoring and managing social impact, The Sector will enable an organization to make more informed decisions, improve impact and fundamentally enable enhanced accountability to stakeholders.
Bradford Turner, Principal