In the last decade there has been a tremendous increase in individuals, educational institutions, organizations, and corporations addressing societal/community issues/problems through novel approaches with the objective of creating a positive impact in the society/community through their initiatives. The benefits derived out of these initiatives have been tremendous, whereas the perception of the benefits derived is likely to vary among the stakeholders associated with the social enterprise. Therefore, it is essential to measure the social impact of such initiatives in a comprehensive way.
Participatory Social Impact Measurement Tool (PSIMeT) helps to measure the perceptions regarding the social impact created by the social enterprises from the perspectives of various associated stakeholders. PSIMeT measures the Social Impact on 5 dimensions using a five-point Likert’s Scale, namely:
- Community and Ecological Footprint (4 Questions)
- Social Return on Investment (5 Questions)
- Outreach (4 Questions)
- Social Enterprise Support (5 Questions)
- Inclusion and Diversity (4 Questions)
The composite scores for all five dimensions of the tool ranges from 22 (minimum score) to 110 (maximum score).