TrueValueMetrics ... Impact Accounting for the 21st Century

Date: 2024-04-28 Page is: DBtxt003.php txt00024517

NOT FOR PROFIT MANAGEMENT METRICS MOSTLY NOT 'FIT-FOR-PURPOSE' The case of the Schwab Foundation for Social Entrepreneurship and their 2013 paper 'Breaking the Binary: Policy Guide to Scaling Social Innovation ' presented at the World Economic Forum See prior page: TVM webpage #5175 Open PDF: Open PDF ... Policy Guide to Scaling Social Innovation Peter Burgess COMMENTARY (April 2023) I have been reviewing some old material in my TVM archives. It is very interesting, but somewhat disturbing at the same time. This image comes from some material that I obtained from a report by the Schwab Foundation for Social Entrepreneurship written around 2012, a little more than ten years ago. At the time I wrote to the organization that wrote the paper ... headed up by Hilde Schwab, who is the Chair and Co-Founder. This is a not-for-profit based in Switzerland and no connection with the Schwab financial services organization that I know in New York but when I looked at the financials of the organization I got a lot more questions than answers. This is not the fault of this organization, but the fault of the prevailing management metrics and reporting that simply are totally unfit for purpose. Peter Burgess
These are the six points that are referenced in the 2012 Schwab Foundation paper Engage Market Stakeholders Foster Network Development and Ideas Generation Develop Government Capacity for Action Clarify need for Policy and Align Internal Resources Build Market Infrastructure and Capacity Develop and Capitalize Intermediaries and Knowledge Prepare Enterprises for Growth Ready Private Actors to Attract Capital and Scale Business Modes Grow and Direct Private Capital Motivate Investor Participation Review and Refine Policy Evaluate Performance and Respond Quickly to Learnings MORE TO BE ADDED

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