SEE L5_2023_CVS_Student version Flashcards
Social return on investment consists of?
Social accounting + Cost-benefit analysis
What is the first step of SROI?
Indentify scope, long-term goals, stakeholders.
What is step 2 of SROI?
Determining inputs:
- Market value: applied for nonmonetary items (donated furniture)
- Replacement costs: Based on average wage rate for similar tasks/skill level (volunteer labor)
What is step 3 of SROI?
Understanding changes for key stakeholder groups
What is step 4 of SROI?
Calculating SROI
What is an important con of SROI?
That there’s no evidence of financial performance
What are the steps to develop ToC?
1) Set the ultimate goal
2) Analyze & identify the problems
3) Identify what is needed to happen
4) Establish key assumptions
5) Identify key partners & actors
What is the logic model?
A graphic illustration of the relationship between resources, activities, and their intended effects
What is the difference between logic model and the ToC?
ToC: Is an explanation of your mission’s logic “how” change happens
Logic model: Descriptive model to show “what” you plan to do
Give an example of ToC and Logic model in practice.
ToC: “Women will be empowered if they are vocal,
know their rights, get educated, and the
institutions support gender equality.”
Logic model: “If we recruit qualified trainers, they will deliver training programs on job market skills, the result will be that women will obtain employable skills”