Please do not leave this page until complete. This can take a few moments.
Many projects fail to be accepted by the community or encounter unexpected roadblocks, even though they seem profitable on paper. Just because a project has a financial benefit doesn't mean that it is beneficial overall, or even that it's a good idea. Calculating your proposed project's social return on investment (SROI) can help reveal the true social costs (or benefits) of a proposed project, and can be used to mitigate weaknesses, enhance strengths, or compare the net benefit of multiple projects.
For a business, calculating the SROI can help you forge tighter ties with your stakeholders, realize potential synergies and avoid unforeseen pitfalls.
Done correctly, a SROI calculation involves much more than sitting behind a computer screen crunching numbers. There are five main steps to calculating the SROI.
An analysis is a process, not simply a calculation. Done correctly, it can be used to bring about positive change and enhanced shared value.
Rachel Bouvier, principal of rbouvier consulting, can be reached at rbouvier.consulting@gmail.com
The Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Learn MoreWork for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Learn MoreFew people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
Comments