Social impact assessment - is it possible challenge for social enterprise?

Abstract

Social enterprises from government, society, and financiers are under increasing pressure to demonstrate their social impact. To do this, social enterprises need to implement social impact assessments in their organizations. It is noteworthy that there are many different methods and tools for impact assessment and measurement, which often make it unclear to social enterprise managers what is best for their enterprise. Also, many social impact assessment and measurement methodologies are complex enough and require specific competencies, time, and other extra costs. However, social impact assessment is an essential process, as it helps to build trust in these organizations by the public, state institutions and investors, to ensure the transparency of their activities and to meet their goals. Social enterprises are a new phenomenon in the Baltic States, so it is essential to clarify the attitude of the leaders of the organization to the social impact assessment and what practices they use in their organizations. Aim of the research: to explore the existing practice of social impact assessment of social enterprises in the Baltic states. The methodology of research: 20 in depth interviews with the jure and the facto WISE´s managers in the Baltic states were conducted.