Self-reflective questions

In this section we proposed you to answer the questions in the tables below. You can opt for answering the questions on your social enterprise (being it still in its phases of creation of being it already a reality) for both methods or you can select one of them.

Social Return on Investment

The topic	The item to reflect upon/questions	Your answer
DEFINE THE SCOPE	The reason why we want to calculate the SROI
	The target audience
	The objectives and business activities to be considered
	The resources available (work, information, time)
	The period of time that you want to consider (years)
IDENTIFY AND ORDER STAKEHOLDERS	Who receives a direct benefit?
	Who contributes with the work?
	Who brings capital?
	Who suffers damage (environment)?
	Who reduces social spending?
DEFINE THE INPUT-OUTPUT-OUTCOME FOR EACH STAKEHOLDER CONSIDERED	INPUT: identify all the investments, resources and production factors used to carry out the activities (time, financial resources, fixed costs, volunteers, debts, consultancy, etc.). The value of all inputs must be monetized.
	OUTPUT: convert all the tangible results of the activities carried out (product, service, etc.) into numerical indicators (number of courses, number of products, number of young trained, etc ..)
	OUTCOME: are the benefits (changes) for each stakeholder deriving from the business activity (number of young people who find a job)?
OUTCOME INDICATORS AND MONETARY EVALUATION	INDICATORS – Outcomes must be expressed through measurable indicators (see exhibit above))
	DATA – They are used to measure outcome indicators. Collect existing data or define the collection of new data for future evaluations
	MONETARY VALUES – The indicators are monetized by different techniques. Assign a monetary value to indicators that do not have a market price resulting from the match between supply and demand
IMPACT QUANTIFICATION AND MONETIZATION	Counterfactual (dead-weight): Impact = outcome value with activity – outcome value without activity (counterfactual) Weight of other factors or actors in determining outcome (attribution) Decrease of the impact or the impact effect over time (drop-off) (net outcome quantity) X (financial proxy) = social impact value
Calculation of SROI	Calculation of the discounted value of future flows of benefits (and costs): Total Present Value = Value of impact in Year 1 / (1 + r) + …… + Value of impact in Year n / (1 + r) n Total inputs = sum of all inputs and investments SROI = total present value / total inputs If the SROI (social return on investment) is 3: 1, the social value created is 3 euros for each euro invested

Standard GECES and the Theory of Change

The topic	The question(s)	Your answer
SETTING OBJECTIVES	What is the problem you are focusing on?
SETTING OBJECTIVES	How do you solve it?
ANALYSING STAKEHOLDERs	Who is involved?
	Which is the level of engagement of the stakeholders?
	Who gains and who gives what and how?
MEASURING:	Which are the relevant parameters by which you are planning the delivery of your product, service or activity?
MEASURING:	How the activity achieves the outcomes and impacts most needed by its beneficiaries and stakeholders?
BUIDL YOUR THEORY OF CHANGE	What resources are used in the delivery of the product, service or activity
	What is being done with those resources by the social enterprises?
	How the activity touches the intended beneficiaries?
	Which change arise in the lives of beneficiaries and others?
	Which extent is that change arisen from the delivery of the product, service or activity?
	What people or groups are you seeking to benefit?
IMPACT – NOT A DIRECT CAUSE OF YOUR ACTION	Have there been other external factors that contributed to the result?
	What would have been the result without the delivery of the product, service or activity?
	Have there been negative consequences for others?