1887

Measure, Manage and Maximise Your Impact

A Guide for the Social Economy

image of Measure, Manage and Maximise Your Impact

Social impact measurement and management is a particularly helpful practice for social economy entities to understand their contribution to society and potentially improve the achievement of their mission. Impact areas that are particularly important for the social economy, such as economic prosperity and employment, social inclusion and well-being and community, are often the hardest to translate into quantitative metrics. Current social impact measurement and management practices are largely shaped by funders and for-profits with limited focus on the social economy. This guide offers a simple, straightforward approach for social economy entities to measure, manage and ultimately maximise their impact, and to prioritise the use of findings for strategic organisational learning and improvement.

English

Introduction: The why, the what and the how

Policy makers do not always recognise the full value created by the social economy, The social economy, also called in some countries the “solidarity economy” or “social and solidarity economy”, is composed of a set of organisations such as associations, cooperatives, mutual organisations, foundations and, more recently, social enterprises. In some cases, community-based, grassroots and spontaneous initiatives are part of the social economy, in addition to non-profit organisations, often dubbed the “solidarity economy”. For the sake of simplicity, this report refers exclusively to the social economy. since it is often not measured properly – or even measured at all. This is due in large part to the challenges faced by social economy entities This report refers to “entities”, “organisations”, “actors" and “members of the social economy” interchangeably to designate the organisational structures comprising the social economy. in implementing social impact measurement. The main obstacle remains quantifying and valuating intangible, non-market and perception-based outcomes, such as improvements in well-being, local cohesion or social inclusion, in a way that is both credible and comparable across geographies and sectors. Social economy entities also struggle to navigate the wide variety of frameworks and solutions that exist at the local, national and international levels, often shaped by the needs of funders (OECD, 2021[1]).

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error