| |
Our belief is that if appropriate paid employment
and work environments are provided for disadvantaged groups, we
can help these individuals lead more self-sufficient, productive,
and fulfilling lives. Our goal is to ensure that the businesses
that provide these work environments reach break-even or better
so that we can accomplish these social goals at a lower societal
cost. In order to measure the success of our mission, we factor
our target employee’s progress toward a sustainable livelihood
plus the profitability of our social enterprise. We consider success
to have been reached when both the target employee and the social
enterprise become self-sufficient.
We view success through both a qualitative and quantitative lens.
From a qualitative standpoint, we utilize the Sustainable Livelihoods
Framework to determine whether the target employees are developing
the personal assets necessary to become self-sufficient. Increasingly,
poverty studies both domestically and internationally point to the
lack of assets – financial, social, physical, and natural
– as a key indicator for why certain groups slip into and/or
cannot move out of poverty. The Sustainable Livelihoods Framework
is an asset based approach that provides a useful context from which
to understand where individuals are now, where they want to go,
and how they want to get there. To learn more about this framework
please go to www.livelihoods.org.
We see our SROI report cards as a litmus test for our investments
– how well are we achieving our mission? - and a tool for
strategic management of social enterprises. Since our particular
brand of social enterprise encompasses a social mission delivered
through a business, we believe that the Social Return on Investment
framework makes sense as it takes into consideration both the financial
and social mission outcomes of the enterprise. In other words, we
recognize that our ‘blended value’ business model requires
a blended value evaluation tool to measure success.
In finding the balance between the two missions, we believe that
a SROI framework and reporting system generates a composite number
for both bottom lines in an appropriate way to judge performance.
We are still in an early stage in this process and our methodology
and constructs are evolving but with the understanding and experience
we have now gained, we recognize the need for a contextual background
to better understand and interpret SCP SROI Report Cards.
|
|