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Social Ventures or often called as social impact accelerators or incubators have a mission to nurture and grow social enterprises. Depending on the level of maturity (early stage to matured), social ventures often collects financial and social impact metrics regularly.
Often investees tend to have less matured social impact measurement process due to early-stage nature of each social enterprises. Often social ventures collect results manually based on survey platform or Google Spreadsheet. While collecting results may be easy, analyzing aggregate them is challenging and very time-consuming.
Sending survey has a lot of disadvantages. A survey by nature will have identical metrics. Hence, investees get confused about priority metrics relevant to their business. Often they may not provide results for most critical impact area.
Since results are going to be inconsistent, analyzing them is going to be even more challenging.
Setup impact framework, collect appropriate results, create your own community and share on social media.
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