Valentina Tosi is a research fellow at the School of Management of Politecnico di Milano. She graduated in Management Engineering in 2018 at Politecnico di Milano, with a master thesis on Social Innovation frameworks. She works in Tiresia since 2018. Here, her research and projects are related to Social Innovation and Impact Measurement for Social Business, collaborating with universities, public bodies, social and traditional enterprises. She is assistant in different academic courses related to economics, organization corporate, sustainability and societal challenges topics.
- social innovation
- impact measurement
- innovative business models
- Title: Measuring a blended performance: managerial insights from the field of impact entrepreneurship
- Authors: Bengo, Chiodo, Tosi
- Short Abstract
- The commitment to generating a blended value is increasingly spreading in the business sector. At the forefront of this movement, impact ventures are organizations born to produce value for the society, i.e. social impact, while engaging in commercial activities to sustain their operations. On the other end, we have observed an increased emphasis on more responsible, sustainable practices that traditional for-profit businesses have been called to establish. Accounting for and reporting on social impact has become increasingly of interest to a range of institutions and sectors, with the result that many competing methodologies, approaches, guidelines and standards have been introduced. The chapter performs a comprehensive review of existing approaches for impact measurement and management implemented by socially-oriented ventures (both not for profit organizations and for-profit businesses) focusing on both methodological, governance and operational barriers and enabling factors of the practices. Then, it drafts a framework which helps any ventures to structure a process and methodology to measure its blended performance. The research not only contributes to the scant literature on impact entrepreneurship but impact ventures might offer a compelling laboratory to disentangle the obstacles posed by the combined achievement of financial and social objectives and how organizations might address these challenges.