Doing well by doing good is real, and its implications are more important than ever before:
Seventy-five percent of online survey respondents agree that a company can take specific action that both increase profits and improve the economic and social conditions in the community in which it operates.
Only 28 percent of nonprofit organizations exhibit the evaluation capacity to define success and measure results in such a way as to create lasting change.
Seventy percent of social-purpose organizations' respondents reported having put a high level of investment into trying to attain their goals. However, only 33 percent of respondents reporting having actually been successful in achieving their goals.
Ninety-six percent of social-purpose organizations surveyed, identified capacity building as the most effective means to improve capability, effectiveness, administrative and programmatic performance, and increase social impact.
Performance management is picking up speed, with 79 percent of executives rating it as a high priority.
Socially conscious organizations take responsibility for things beyond profits, such as community, environment and education. This new consciousness is the intersection between business, social innovation, and enterprise. We have seen numerous examples of socially conscious organizations achieving scalable impact - both large and small. By combining business, social and enterprise models Impact Intersection works to create high-performing organizations. We have noticed that over time, many leaders in organizations (and college students) no longer ask, “How can I make more money,” increasingly, they are asking, “How can I make the greatest impact?”
Stakeholders are increasingly asking, “How can we use our services, products, practices and intellectual capital to impact issues that are our greatest challenges to human beings?”
At Impact Intersection, we are in the forefront of finding the intersection where successful, proven business practices can be infused with socially conscious organizations to positively affect long-term, sustainable impact.