The Local Impact Measurement Tool allows all businesses, charities and social enterprises - no matter how small- to show that you contribute to local strategic priorities.
It gives you a marketing edge by showing how your organisation contributes to the local community. This is really important if you want to contract with the public sector or big businesses. Or you want to show your customers why it is important they Buy Local.
Every LIMtool account gets a LIMtool Infographic included in the price!
The Local Impact Measurement Tool is easy to use. It doesn’t take long to do (The average is less than 2 hours). It is very practical, using information close at hand. And for those who want lots of detail, there’s the ability to use LIMtool as a management tool to help you identify any areas where you could improve.
For Money | For Marketing | For Management
For more information give me a call or but at: aspire.net
There
is a lot of talk about measuring 'return on investment', and Social Impact; and service
commissioners are looking at using SROI as part of the commissioning
process, so it is becoming an important issue for any organisation who
wants to either receive funding or have a chance of winning contracts
with bodies such as Local Authorities.
This
is because SROI demonstrates the value for money of the services you
are providing to ensure that any investment, through grants or
contracts, will be positive if not significant.
But SROI is more than just a measurement of a financial ratio - £x in : £y out;
it also provides a valuable tool for determining how well an
organisation is operating, it offers an insight into the outside world's
perception of what you are doing, and provides an opportunity to step
back and consider what you are achieving and the validity of the
activities you undertake.
This is achieved through:
- Improved programme management
- More effective planning
- More effective evaluation
- Increased understanding of the impact of your work
- Stronger communication of the value of your work to ‘the people that matter’ (internal and external stakeholders)
- Enhanced attention to the social, economic and environmental value created by your business or organisation
SROI
can be either evaluative, looking at previous achievements and
demonstrating the worth of the activities undertaken, or forecast which
predicts how much social value will be created if your activities meet
their intended outcomes.
SROI was developed from social accounting and cost benefit analysis and based on the following seven principles:
- Involve stakeholders
- understand what changes
- Only include what matters
- Only include what is material
- Do not over-claim
- Be transparent
- Verify the result
It
is well worth you considering using SROI as part of the evaluation of
your services and certainly when planning future activities. You could
look at including it as part of your annual report/review to provide a
recognised and verifiable way of recording and reporting the impact of
your work and the outcomes you have achieved.
SROI
is not something to take lightly as it requires commitment and an
investment of time and, if you bring in outside support, money.
However, it will give you a clear statement of what you are trying to
achieve and the benefit that your service has for your clients,
stakeholders and the wider community. It can be invaluable in both
developing your organisation and publicising the impact you are having.
You can find more information at the SROI Network website:
Or
give me a call on 0191 6450010 begin_of_the_skype_highlighting 0191 6450010 I would be more than happy to discuss
how SROI can be of benefit and advise on how to introduce it to your
organisation.
