In this episode I share 3 insights I have gained first hand as a storyteller and an external observer about social impact. These lessons maybe useful for almost everyone in the social impact sector.
Social impact measurement is a survey-based data heavy exercise. Stories on the other hand induce dynamism, imagination and provocation and thus can be a powerful tool to supplement social impact measurement.
If businesses big and small practice socially responsible behaviour then human society will witness a sea of change in quality of life and hope for a better future. However this can only happen if they are run by managers and leaders who know what it means to run a sustainable business.
Development of BoP needs creating a level playing field through entrepreneurship. This means training rural enterprises in leadership and managerial skills.
Quantitative data collection coupled with qualitative observations is the best way to assess the effectiveness of your impact program. The challenge for social enterprises is to move away from an “output” driven focus towards a more “impact” or “outcome” driven focus.
Scale and efficiency are two of the biggest benefits of technology. We need tech innovators, investors and evangelists to start employing technology towards sustainable development.
Creating more opportunities for women social entrepreneurs to hone their ideas and above all, a level playing field is necessary in achieving sustainable development and creating a growth story that translates into shared prosperity for all.
Social Enterprises are key instruments of social change and thus their role in helping us achieve Sustainable Development Goals is highly critical.
There are several individuals and institutions investing their capital in businesses that are creating social change–and these basic questions that they typically ask might help if you are a social entrepreneur.
While a social enterprise may not have the luxury of using competitive compensation as a carrot, marketing its grand vision for social change to potential leaders and managers, creating a transparent and inclusive culture and empowering its field staff will go a long way in retaining the right talent.