The following is a guest piece by Daniel Patrick Forrester.
Over the last ten years I have seen a movement happening within for-profit organizations. They are moving towards including a social impact agenda within their purpose as a company. Which is groundbreaking for society! I can think of no greater time in history to advance our society then by for-profit social impact investing.
For- profit organizations are reflecting upon their current value proposition and looking to dig deeper by bringing meaning into the workplace and world. They are seeking to answer the questions, “why do we exist?” and “does our presence in the world mean something beyond our establishment?”
For-profit leaders looking to develop an advantageous social impact strategy should simply turn towards looking at successful non-for-profits for guidance. The space between data and meaning is a constant battle for organizations of all size to measure.
One differentiator I see in purpose driven non-profit organizations is they are excellent at stepping back and measuring the value of impact. Data is great, but it’s not the “end-all be-all” in measuring impact.
In my experience, impact is frequently understated within organizations; it often Click here to continue reading »