I say ‘outcome’, you say ‘output’: Let’s get our definitions right!

When having a conversation about the impact of an initiative, often there is a lack of common understanding across the basic definitions of the elements of an impact journey. It is not uncommon to see ‘output’, ‘outcome’ and ‘impact’ being used interchangeably and interpreted differently. This may create confusion especially when you would like to … Continue reading I say ‘outcome’, you say ‘output’: Let’s get our definitions right!

What is the difference between economic value and social value when monetizing your impact?

As an impact measurement and management and Social Return on Investment (SROI) practitioner, I would like to talk about one of the questions that I get asked frequently: what is the difference between the economic value versus the social value of an ‘output’ or ‘outcome’? And to illustrate this difference, I will elaborate on the … Continue reading What is the difference between economic value and social value when monetizing your impact?