Measuring Social Value and Impact
ONLINE CERTIFICATE COURSE
|Course Level||Level 6|
|Time Commitment||8 hours weekly|
|Start Date||8th September, 2020|
|Cost||Level 1: £950 (6 Modules) Level 2: £1,750 (12 Modules)|
Measuring Social Value and Impact
Purpose-led businesses, social enterprises, nonprofits, and charities are under increasing pressure to demonstrate value. Organisations need to show they deliver services which are value for money, produce economic, environmental, and social impacts, and create measurable social value for stakeholders. While there is no simple, cost-free solution to the challenges that come with measuring social impact, it does not have to be complicated. With a little time and effort, even small social enterprises can measure social impact in a balanced and compelling way. Funders, non-profit executives, and policymakers are very enthusiastic about measuring social value. Alas, they cannot agree on what it is, let alone how to assess it. Their main obstacle is assuming that social value is objective, fixed, and stable. When people approach social value as subjective, malleable, and variable, they create better metrics to capture it.
AN ONLINE EDUCATION THAT SETS YOU APART
The primary objective of this course is to address the questions of how to measure social value and its impact. Students will thoroughly analyse distinctive hypothetical ways to measure social value, and the metrics appropriate for measuring impact. Students will learn how to consider the triple bottom line and commit their organisation to focus on social and environmental concerns, while simultaneously driving value and profits. Interest in social impact measurement and SROI (Social Return on Investment) is growing. Governments, foundations, and impact investors are raising the bar and asking for better evaluation and impact data.
Introduction to social value and establishing your mission
Comparing for-profit and non-profit organisations
Identifying your value proposition
Developing a results framework
Using performance measures
Collecting useful information
How to analyse and verify social impact data
Reporting on results
Communicating with impact
Using evidence to grow impact
Case studies and practical sessions
YOUR COURSE CONVENOR
Professor Ola Familoni
Professor of Management, Strategy and Entrepreneurship at LSSE
This course is accredited and, to be awarded credit, you must satisfactorily complete written components. Successful students will receive credit, awarded by the Board of Studies of London School of Social Enterprise and Sustainable Economics and International Affiliates. The award will be presented in the form of Advanced Certificate. Exceptional students will be recognised.
You might also be interested in
Students will learn how to create a mission as strategy that aligns to a theory of social change with a sustainable business model that will provide the requisite resources; build performance management system that measures social return for society and strategic decision.
This online course will introduce students to the concepts, principles, values, and methods of Social Enterprise. They will examine and learn the tools used to plan and set up new social enterprises or to convert their NGOs into more entrepreneurial organizations.
The course will show you how to build a basic financial model from the start up to scaling up. This approach helps ensure that your product or service can be realistically commercialised, and that the business model is built for scalability from the start.
Social Accounting and Audit course teaches how to establish a framework for ongoing monitoring, evaluation and accountability to stakeholders. You will learn how to prepare a social report on the value and impact your organisation provides to operate more effectively and efficiently.