Unit 9: Ethical Considerations in Social Impact Measurement
Expert-defined terms from the Advanced Certificate in Social Impact Measurement for Real Estate course at London School of Business and Administration. Free to read, free to share, paired with a professional course.
Abstract Concept refers to a general idea or notion that is not easily… #
Related terms include Theoretical Framework and Conceptual Model. In the context of social impact measurement for real estate, abstract concepts can be challenging to quantify and evaluate, requiring innovative approaches to data collection and analysis.
Accountability refers to the responsibility of organizations to demonstra… #
Related terms include Transparency and Stakeholder Engagement. In social impact measurement, accountability is crucial for building trust with stakeholders and ensuring that organizations are held to high standards of performance and integrity.
Action Research is a methodological approach that involves collaborative… #
Related terms include Participatory Action Research and Collaborative Inquiry. Action research can be an effective way to build stakeholder capacity and ensure that social impact measurement is grounded in local contexts and needs.
Assurance refers to the process of providing confidence that social impac… #
Related terms include Verification and Validation. In social impact measurement, assurance is essential for ensuring that data and findings are trustworthy and can be used to inform decision-making and resource allocation.
Attribution refers to the process of assigning cause and effect to social… #
Related terms include Contribution Analysis and Causal Inference. Attribution can be challenging in social impact measurement, particularly when multiple factors contribute to outcomes and causal relationships are complex.
Benchmarking refers to the process of comparing social and environmental… #
Related terms include Performance Metrics and Best Practices. Benchmarking can be a useful tool for social impact measurement, enabling organizations to learn from others and strive for excellence in their social and environmental performance.
Benefit #
Cost Analysis is a methodological approach that involves comparing the benefits and costs of different interventions or investments, often used in social impact measurement to evaluate the economic viability of social and environmental programs. Related terms include Cost-Effectiveness Analysis and Return on Investment. Benefit-cost analysis can be a valuable tool for social impact measurement, helping organizations to prioritize investments and allocate resources effectively.
Capacity Building refers to the process of developing the skills, knowled… #
Related terms include Technical Assistance and Institutional Strengthening. Capacity building is essential for social impact measurement, enabling stakeholders to collect and analyze data, develop effective interventions, and evaluate progress over time.
Causal Inference refers to the process of drawing conclusions about cause… #
Related terms include Attribution Analysis and Contribution Analysis. Causal inference can be challenging in social impact measurement, particularly when multiple factors contribute to outcomes and causal relationships are complex.
Contribution Analysis is a methodological approach that involves assessin… #
Related terms include Attribution Analysis and Causal Inference. Contribution analysis can be a valuable tool for social impact measurement, helping organizations to understand the impact of their actions and identify areas for improvement.
Cost #
Benefit Analysis is a methodological approach that involves comparing the costs and benefits of different interventions or investments, often used in social impact measurement to evaluate the economic viability of social and environmental programs. Related terms include Benefit-Cost Analysis and Return on Investment. Cost-benefit analysis can be a useful tool for social impact measurement, helping organizations to prioritize investments and allocate resources effectively.
Data Collection refers to the process of gathering and recording data on… #
Related terms include Data Analysis and Data Visualization. Data collection is essential for social impact measurement, providing the evidence needed to inform decision-making and resource allocation.
Data Visualization refers to the process of presenting data in a clear an… #
Related terms include Data Analysis and Data Collection. Data visualization can be a powerful tool for social impact measurement, enabling organizations to present complex data in a simple and intuitive way.
Effectiveness refers to the extent to which an organization's actions ach… #
Related terms include Efficiency and Efficacy. Effectiveness is a critical concept in social impact measurement, helping organizations to understand the impact of their actions and identify areas for improvement.
Efficiency refers to the ratio of outputs to inputs, often used in social… #
Related terms include Effectiveness and Efficacy. Efficiency is an important concept in social impact measurement, helping organizations to optimize their use of resources and achieve greater impact with limited budgets.
Efficacy refers to the ability of an intervention or investment to produc… #
Related terms include Effectiveness and Efficiency. Efficacy is a critical concept in social impact measurement, helping organizations to understand the potential of their actions to drive positive change.
Equity refers to the principle of fairness and justice, often used in soc… #
Related terms include Equality and Justice. Equity is an essential concept in social impact measurement, helping organizations to ensure that their actions promote fairness and justice for all stakeholders.
Evaluation refers to the process of assessing the performance and impact… #
Related terms include Assessment and Review. Evaluation is a critical component of social impact measurement, providing the evidence needed to inform decision-making and resource allocation.
Evidence #
Based Practice refers to the approach of using empirical evidence to inform decision-making and guide practice, often used in social impact measurement to ensure that interventions and investments are based on the best available research and data. Related terms include Research-Based Practice and Data-Driven Decision Making. Evidence-based practice is essential for social impact measurement, helping organizations to develop effective solutions and achieve greater impact.
Externalities refer to the unintended consequences of an organization's a… #
Related terms include Spillover Effects and Unintended Consequences. Externalities can be challenging to measure and manage, particularly when they are diffuse or occur in distant locations.
Impact Investing refers to the practice of investing in organizations and… #
Related terms include Social Investing and Environmental Investing. Impact investing is a growing field, with many organizations seeking to align their investments with their values and mission.
Impact Measurement refers to the process of assessing the social and envi… #
Related terms include Outcome Measurement and Performance Metrics. Impact measurement is a critical component of social impact measurement, providing the evidence needed to inform decision-making and resource allocation.
Innovation refers to the process of developing new and creative solutions… #
Related terms include Entrepreneurship and Social Innovation. Innovation is essential for social impact measurement, helping organizations to stay ahead of the curve and address emerging challenges.
Institutional Strengthening refers to the process of developing the capac… #
Related terms include Capacity Building and Technical Assistance. Institutional strengthening is critical for social impact measurement, enabling institutions to collect and analyze data, develop effective interventions, and evaluate progress over time.
Justice refers to the principle of fairness and morality, often used in s… #
Related terms include Equity and Equality. Justice is an essential concept in social impact measurement, helping organizations to ensure that their actions promote fairness and morality for all stakeholders.
Key Performance Indicators (KPIs) refer to the metrics used to evaluate t… #
Related terms include Performance Metrics and Outcome Indicators. KPIs are essential for social impact measurement, providing the evidence needed to inform decision-making and resource allocation.
Logic Model refers to a visual representation of the relationships betwee… #
Related terms include Theory of Change and Program Logic. Logic models can be a useful tool for social impact measurement, helping organizations to develop a clear and compelling narrative about their work.
Materiality refers to the principle of prioritizing the most important an… #
Related terms include Relevance and Significance. Materiality is an essential concept in social impact measurement, helping organizations to prioritize their efforts and achieve greater impact.
Monitoring refers to the process of tracking and observing social and env… #
Related terms include Evaluation and Review. Monitoring is a critical component of social impact measurement, providing the evidence needed to inform decision-making and resource allocation.
Outcome refers to the result or consequence of an organization's actions,… #
Related terms include Output and Impact. Outcomes are a critical concept in social impact measurement, helping organizations to understand the consequences of their actions and identify areas for improvement.
Output refers to the product or service delivered by an organization, oft… #
Related terms include Outcome and Impact. Outputs are an important concept in social impact measurement, helping organizations to understand the tangible results of their actions.
Participatory Action Research is a methodological approach that involves… #
Related terms include Action Research and Collaborative Inquiry. Participatory action research can be an effective way to build stakeholder capacity and ensure that social impact measurement is grounded in local contexts and needs.
Performance Metrics refer to the indicators used to evaluate the performa… #
Related terms include Key Performance Indicators and Outcome Indicators. Performance metrics are essential for social impact measurement, providing the evidence needed to inform decision-making and resource allocation.
Randomized Controlled Trial (RCT) is a methodological approach that invol… #
Related terms include Quasi-Experimental Design and Experimental Design. RCTs can be a powerful tool for social impact measurement, providing rigorous evidence of the impact of interventions and investments.
Return on Investment (ROI) refers to the ratio of returns to investments,… #
Related terms include Cost-Benefit Analysis and Social Return on Investment. ROI is an important concept in social impact measurement, helping organizations to understand the financial implications of their actions and identify areas for improvement.
Risk refers to the possibility of adverse consequences or outcomes, often… #
Related terms include Uncertainty and Vulnerability. Risk is an essential concept in social impact measurement, helping organizations to anticipate and mitigate potential negative consequences.
Social Impact refers to the consequences of an organization's actions on… #
Related terms include Environmental Impact and Economic Impact. Social impact is a critical concept in social impact measurement, helping organizations to understand the effects of their actions on stakeholders and the environment.
Social Return on Investment (SROI) refers to the ratio of social returns… #
Related terms include Return on Investment and Cost-Benefit Analysis. SROI is an important concept in social impact measurement, helping organizations to understand the social and environmental implications of their actions and identify areas for improvement.
Stakeholder refers to the individuals or groups that have an interest or… #
Related terms include Beneficiary and Constituent. Stakeholders are a critical concept in social impact measurement, helping organizations to understand the perspectives and needs of different groups and develop effective solutions.
Stakeholder Engagement refers to the process of involving and engaging st… #
Stakeholder engagement is essential for social impact measurement, helping organizations to build trust and credibility with stakeholders and develop effective solutions.
Sustainability refers to the principle of meeting the needs of the presen… #
Related terms include
Theory of Change refers to a framework for understanding the relationship… #
Related terms include Logic Model and Program Logic. Theories of change can be a useful tool for social impact measurement, helping organizations to develop a clear and compelling narrative about their work.
Transparency refers to the principle of openness and honesty, often used… #
Related terms include Accountability and Disclosure. Transparency is an essential concept in social impact measurement, helping organizations to build trust and credibility with stakeholders and ensure that their actions are fair and just.
Validation refers to the process of verifying the accuracy and reliabilit… #
Related terms include Verification and Assurance. Validation is a critical component of social impact measurement, providing the evidence needed to inform decision-making and resource allocation.
Value Chain refers to the series of activities and processes involved in… #
Related terms include Supply Chain and Production Process. Value chains can be complex and multifaceted, requiring careful analysis and consideration of different social and environmental factors.
Vulnerability refers to the possibility of being harmed or affected by ad… #
Related terms include Risk and Uncertainty. Vulnerability is an essential concept in social impact measurement, helping organizations to anticipate and mitigate potential negative consequences and ensure that their actions are fair and just.