Congratulations to Maoz Brown, former summer 2015 fellow at the Center for Social Impact Strategy! Brown recently published an article in the Stanford Social Innovation Review: “Cultivating, Not Just Calculating, Social Impact.” The article considers the “impact multiple of money” (IMM) as the new tool to evaluate and realize potential social impact through investments.
In the article, Brown differentiates the IMM from other industry measurements due to its focus on secondary research. While no metric can estimate potential impact perfectly, the IMM balances past data and findings with professional judgement. There is a new level of complexity to the IMM. This complexity prevents oversimplification of the investment process.
With continued research, Brown is hopeful for more active and thoughtful approaches towards social and environmental impact opportunities. The IMM shows how social impact is possible for all businesses.
Check out the article here.