Why Measure Social Value?

Geoff Mulgan uses an economical view of approaching the problem to measuring social value, stating that social value is result of a relationship between supply and demand. This article also gave great insight on the current approaches and shortcoming of measuring social value. However, I feel that this article lacks a plan on how exactly these measurements are to be created.    I feel that a plan of how to execute these measurements is essential in order to fill the gap in funding provided to social enterprises. In the article, The Funding Gap, one of  the primary reasons social enterprise is not fundis due that fact that it does not fit into the nonprofit or for-profit model. If a social enterprise could provide funders with a clear cut universally measurement of the social value this could be used as a guideline to prove impact that they are having on their recipients. This measurement could outweigh the investors need to place the organization in the category of non-profit or for-profit.  If social enterprises can measure their social value they will have a competitive advantage and ability stand out from the crowd.  This measure can always be a form of performance monitoring that would be a visible way to judge success of an organization and show that it delivering to its recipients.  This is a signal to funders that the organization cares about improving delivery and being held responsible for its performance.   There must be a reliable way to reporting the impact of how funds are being applied in order to be credible with investors.  What would you suggest is the first step of standardizing social value?