How can we measure the impact of social enterprises?
Measuring the impact of social enterprises can be done through various methods, including social return on investment (SROI), surveys, and case studies.
What is SROI and how does it work?
SROI is a framework for measuring and accounting for the value created by social enterprises. It quantifies social, environmental, and economic outcomes.
Can you give me an example of a social enterprise that successfully measured its impact?
Sure! One example is TOMS Shoes, which measures its impact by tracking the number of shoes donated and the communities served.
What challenges do social enterprises face in measuring their impact?
Challenges include lack of standardized metrics, difficulty in quantifying social outcomes, and limited resources for data collection.
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