Tag Archives: Collective Impact

SROI is structure to thinking and understanding, not a number….

Social Return on Investment (SROI) is an approach to understand and manage the value of social, economic and environmental outcomes created by an activity or an organization. It is based on a set of principles that are applied within a framework. SROI seeks to include the values of people that are often excluded from markets in the same terms as used in markets, that is money, in order to give people a voice in resource allocation decisions. SROI is a framework to structure thinking and understanding. It’s a story not a number. The story should show how you understand the value created, manage it and can prove it.

 

Common Applications for Social Impact Framework (SIF)

Impact investors can measure (standardized) indicators for input, output and outcomes. Their custom Strategic Impact Framework allows them to structure, monitor and report their impact of their investees. Example customers for this application are impact investors Noaber Foundation and Aglaia Biomedical Ventures that have developed their own framework and are measuring their results using Sinzer.

Charities that offer services to a community can monitor the impact they are creating on a specific target audience by measuring the before- and after scores of a set of metrics. These metrics can be based on standardized questionnaires or indicators such as those published by the Global Value Exchange or on metrics that are specific to the impact goals of the charity. An example of this is the use of Sinzer as an ‘Impact and Data Management Tool’ for Aleron (a social impact consultancy firm) who are setting up this tool for a UK charity via the Impact Readiness Program.

Foundations that offer grants to many different projects can have individual projects measure the impact they are creating. The foundation can evaluate if the impact goals of the projects are aligned with the foundation’s goals and can give guidance to projects to improve their impact. An example customer is the Dutch VSB foundation.

Each of these users require a specific set of features. The choice of these features and community settings is made to suit the specific needs of the customer.

Save Time in your Impact Analysis

mac-savetime2Use databases filled with popular and approved impact data. Sinzer has a formal Data Partnership with the Global Value Exchange that contains over 1800 outcomes with related indicators and valuations. This speeds up the process of determining what impact you want to measure and answer questions such as: What outcomes are relevant and which indicators can you use to understand what changes? What have other organisations used in their impact measurement?

The Global Value Exchange uses several data sources to extract outcomes, indicators and valuations from. Read more about how you can use the below data sources on the Sinzer platform

It’s also possible to create your own personalised database on the Sinzer platform.

Collective Impact Peers Share Their Experience

The Sector Inc., is very proud of Tamarack Institute and excited to see the pan-Canadian knowledge-base and practice of Collective Impact grow, grow, and grow, toward healthier and more robust communities, for an ever growing number of people.

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As a Learning Institute, Tamarack is committed to making the work of community CHANGE easier and more effective. They do this by teaching, writing and both hosting face-to-face and online learning opportunities to provide leaders with the knowledge and inspiration they need for success in their community change efforts.  In 2016 Tamarack were proud to welcome more than 22,000 learners to engage. We applaud this work!