Podcast
Podcast
Podcast
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Questions and Answers
Questions and Answers
What is the primary purpose of Social Impact Measurement?
What is the primary purpose of Social Impact Measurement?
- To evaluate the effectiveness of social impact and optimise efforts. (correct)
- To secure B Corp certification.
- To create a logic model for project planning.
- To improve the public relations of a company.
B Corp certification is solely based on a company's financial performance.
B Corp certification is solely based on a company's financial performance.
False (B)
What is the role of 'inputs' in a Logic Model?
What is the role of 'inputs' in a Logic Model?
Resources invested in a program.
The Balanced Scorecard translates vision and strategy into actionable objectives and performance ___________.
The Balanced Scorecard translates vision and strategy into actionable objectives and performance ___________.
Match the following B Corp terms with their descriptions:
Match the following B Corp terms with their descriptions:
In a Logic Model, what do 'outcomes' represent?
In a Logic Model, what do 'outcomes' represent?
The financial perspective is the only factor considered within the Balanced Scorecard framework.
The financial perspective is the only factor considered within the Balanced Scorecard framework.
Define 'Activities' in the context of a Logic Model.
Define 'Activities' in the context of a Logic Model.
'Outputs' in a Logic Model are the immediate, measurable, and ________ results of a program's activities.
'Outputs' in a Logic Model are the immediate, measurable, and ________ results of a program's activities.
Which of the following best describes the 'Organizational Capacity Perspective' in a Balanced Scorecard?
Which of the following best describes the 'Organizational Capacity Perspective' in a Balanced Scorecard?
The 'Impact' component in a Logic Model refers to short-term effects of a project.
The 'Impact' component in a Logic Model refers to short-term effects of a project.
According to the Balanced Scorecard, what is the focus of the 'Customer perspective'?
According to the Balanced Scorecard, what is the focus of the 'Customer perspective'?
The Logic Model is essentially a ___________ to organize thinking and chart progression.
The Logic Model is essentially a ___________ to organize thinking and chart progression.
What is the main advantage of obtaining a B Corp certification?
What is the main advantage of obtaining a B Corp certification?
A Logic Model is intended to show how a project or program will work in a static, unchanging environment.
A Logic Model is intended to show how a project or program will work in a static, unchanging environment.
In terms of social impact, what is the key distinction between a 'B Corp' and 'B Corp Certification'?
In terms of social impact, what is the key distinction between a 'B Corp' and 'B Corp Certification'?
Social Impact Measurement uses _________ data to evaluate the effectiveness of an organisation's actions.
Social Impact Measurement uses _________ data to evaluate the effectiveness of an organisation's actions.
Which perspective in the Balanced Scorecard examines the efficiency and effectiveness of key internal processes?
Which perspective in the Balanced Scorecard examines the efficiency and effectiveness of key internal processes?
The balanced scorecard focuses solely on external factors such as market trends and customer preferences.
The balanced scorecard focuses solely on external factors such as market trends and customer preferences.
Match the components of a Logic Model with their descriptions:
Match the components of a Logic Model with their descriptions:
Questions and Answers
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Flashcards
Flashcards
Social Impact Measurement
Social Impact Measurement
Systematic evaluation using quantitative data to assess the effectiveness of social impact in an organization's actions.
B Corp Certification
B Corp Certification
Certification earned by meeting high standards for social and environmental responsibility, transparency, and accountability.
B Corp
B Corp
A company certified by B Lab for meeting high standards of social and environmental performance.
Logic Model
Logic Model
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Inputs
Inputs
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Activities
Activities
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Outputs
Outputs
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Outcomes
Outcomes
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Impact
Impact
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Balanced Scorecard
Balanced Scorecard
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Financial Perspective
Financial Perspective
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Customer Perspective
Customer Perspective
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Internal Processes Perspective
Internal Processes Perspective
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Organisational Capacity Perspective
Organisational Capacity Perspective
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Flashcards
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Study Notes
Study Notes
Social Impact Measurement
- Social Impact Measurement is a systematic process using quantitative data to assess an organization's social impact effectiveness.
- It helps social entrepreneurs optimize efforts to maximize positive change.
- Its purpose is to evaluate the positive and negative effects of actions, guiding future social impact goals.
B Corp Certification
- B Corp certification is earned by companies meeting high standards for social and environmental responsibility, transparency, and accountability.
- It's a formal recognition of a company's commitment to these values.
- A "B Corp" is a company that has achieved B Corp Certification, awarded by B Lab.
Logic Model
- A Logic Model is a visual representation showing how a project or program is intended to work.
- It maps relationships between inputs, activities, outputs, outcomes, and impact over time.
Inputs
- Inputs are the resources an organization invests in a program to meet project needs.
Activities
- Activities are the specific actions or interventions a program undertakes to achieve goals.
Outputs
- Outputs are the immediate, measurable results of a program's activities.
Outcomes
- Outcomes represent changes in the target population as a result of the outputs.
Impact
- Impact refers to the significant, long-term effects of a project's mission.
Balanced Scorecard
- A Balanced Scorecard is a management system translating vision and strategy into objectives and metrics.
- It assesses performance from financial, customer, internal processes, and organizational capacity perspectives.
Financial Perspective
- Focuses on financial results like revenue growth, profitability, cost reduction, and ROI.
Customer Perspective
- Measures customer satisfaction, market share, and loyalty, ensuring customer needs are met.
Internal Processes Perspective
- Examines the efficiency and effectiveness within the company.
Organisational Capacity Perspective
- Assesses the company's ability to adapt, innovate, improve, and develop, including employees' skills, morale, and knowledge.
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