When CBC’s Fifth Estate program launched Rate my Hospital last week, I couldn't help but immediately look up the grade of my hospital across the street. I felt smug that Eagle Ridge wasn't one of the Lower Mainland's batch of terribly ranked hospitals. But should I really sleep better?
Social change leaders hit the ground running: challenges come up, forks in the road present themselves, and their business models constantly evolve. Ideally, they have some good data on hand that can help with tough decisions, and that provide insights about social, environmental and financial bottom lines.
Keeping an eye on the right financial metrics can allow you to respond to issues before they spin out of control. Financial performance is a key part of the Demonstrating Value Framework.
Demonstrating Value is featured in Accounting for Social Value, a new book published by University of Toronto Press edited by Laurie Mook.
Disclaimer: the predictions in this post are the opinions of the author and should not be taken as any sort of investment advice or recommendation nor as an indicator of any future policies or initiatives of Vancity Community Foundation. These predictions are provided for entertainment and discussion purposes only.
There’s added value in using multiple frameworks when completing an impact evaluation. SROI – an evaluation framework growing in popularity – expresses value in monetized terms, and is one such framework that can be used in conjunction with Demonstrating Value.
These days, it’s not hard to find information online. Run a Google search – no matter how obscure – and you can instantly gain access to websites, magazines, newspapers and blogs dedicated to your topic. The difficulty then lies in sifting through the search results for quality content that’s current and relevant to your needs.
That’s exactly what the UK based New Philanthropy Capital (NPC) was interested in finding out when they surveyed 1,000 charities in a recently released research project: Making an Impact.
Right now, data visualization is a hot topic! It’s a great tool for presenting long sets of data in a way that’s efficient and easy to understand. Data visualization isn’t a new concept, but through innovation and new technology there are now more ways to view, understand and remember high levels of information.
