Measuring and Improving Social Impacts - A Guide for Nonprofits, Companies and Impact Investors

Key Facts and Insights from Measuring and Improving Social Impacts

1. Value of Measurement: The book emphasizes the importance of measuring social impacts for organizations involved in social projects. Accurate measurement helps in tracking progress, identifying areas for improvement, and demonstrating value to stakeholders.
2. Approach to Measurement: Epstein and Yuthas propose a systematic approach to measuring social impact, which includes identifying stakeholders, defining goals, setting metrics, collecting and analyzing data, and reporting results.
3. Role of Stakeholders: The authors highlight the crucial role of stakeholders (both internal and external) in defining the goals and metrics of social impact projects. Their involvement...

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