The leap from ROI to SROI: Farther than expected?

Social return on investment (SROI) is a popular method for evaluating the impact that organizations have on society and the environment. It has its roots in finance, where return on investment (ROI) is used to evaluate investments. Over the past ten years, SROI has made the leap from a tool for building private wealth to one that advances the public good. Has it landed us in a better place? To answer the question, I describe the general approach to financial analysis, how it is applied to financial decisions, and how it has been adapted to evaluate impact. I then consider the strengths and weaknesses of SROI, and suggest how, by pushing beyond the constraints of financial analysis, it can give stakeholders voice and provide evidence of success from diverse perspectives. Along the way, I propose a conceptual model for value, a foundational concept in SROI that has been criticized by some as underdeveloped, and I include a technical appendix that identifies potential sources of statistical bias in SROI estimates. I conclude by acknowledging our growing need to incorporate efficiency as one of multiple success criteria and the role that SROI—properly implemented—can play.     

Social Return On Investment (SROI): Problems,solutions … and is SROI a good investment?

The conclusion of this special issue on Social Return On Investment (SROI) begins with a summary of both advantages and problems of SROI, many of which were identified in preceding articles. We also offer potential solutions for some of these problems that can be derived from standard evaluation practices and that are becoming expected in SROIs that follow guidances from international SROI networks. A remaining concern about SROI is that we do not yet know if SROI itself adds sufficient benefit to programs to justify its cost. Two frameworks for this proposed metaevaluation of SROI are suggested, the first comparing benefits to costs summatively (the resource → outcome model). The second framework evaluates costs and benefits according to how much they contribute to or are caused by the different activities of SROI. This resource → activity → outcome model could enable outcomes of SROI to be maximized within resource constraints (such as budget and time limits) on SROI. Alternatively, information from this model could help minimize the costs of achieving a specific level of return on investment from conducting SROI. Possible problems with this metaevaluation of SROI are discussed.     

Gender boundaries and sexual categories in the Arab world

This essay considers the construction of gender and sexual images in the Arab world and how Western responses to Islam have affected the way Islam is perceived and interpreted. After a brief introduction, the essay discusses the problems of using Islam as a standard methodological yardstick in the face of the diversity of Muslim lifestyles and interpretations. The next section describes gender boundaries and social barriers in Islam that involve rigid segregation of the sexes. While Islam is shown not to favor full gender equality, the dynamic interaction between a Middle Eastern culture and the Islamic religion, each of which promote the ostensible inferiority of women, makes it difficult to determine whether culture or religion has had more influence on gender relations. The essay continues with a look at controversies about homosexuality, the condition that defined the difference between Christianity and Islam. Characteristics of present-day sexism and sexuality among the Arabs are highlighted in a look at the persistence of male dominance, the restriction of women from the public sphere, theories about the toleration of homosexuality, and the taboo extended towards lesbians and others practicing free sex. It is concluded that the study of gender and sexuality in the Middle East remains incomplete and preliminary, although gender studies have progressed in the past two decades. Social and sexual tensions have been exacerbated by the rise of fundamentalism, and homosexuality remains a forbidden topic for Muslim scholars.     

Life becoming body: On the ‘meaning’ of post human evolution

Abstract

In this essay I contest the view that evolution can be conceived as a cosmic entity working out a plan of increasing negentropic complexification. The problems associated with this view, characteristic of a great deal of contemporary speculation, are outlined in section I. In section II I go on to further problematise current constructions of technics and machines and provide an alternative ‘machinic’ model of the play of entropy and evolution. In section III I examine the aesthetic praxis of Stelarc as a site in which the ‘meaning’ of post‐human evolution can be productively contested and illuminated.     

Challenges and boundaries in implementing social return on investment: An inquiry into its situational appropriateness

Nonprofit organizations (NPOs) and social enterprises are increasingly under pressure to justify their use of resources and report their impact on society. Frameworks that monetize social value such as social return on investment (SROI) have emerged as a response. The existing literature highlights many benefits and technical challenges of SROI, but largely ignores strategic and organizational learning aspects. This paper explores the use of SROI in an NPO conducting cultural heritage preservation. By analyzing the challenges managers face in agreeing on a reliable (“correct”) computation of SROI and in assessing the validity and relevance (“appropriateness”) of SROI, we seek to understand the challenges and boundaries of SROI. Challenges with a reliable computation of SROI are identifying stakeholders, the choice of proxies, the time horizons, and deadweight factors. Challenges with an appropriate SROI calculation are comparability, subjectivity, legitimacy, and resource utility. We argue that SROI calculations might not be reliable or appropriate in organizations with fuzzy purposes, broad value creation goals, broad target groups, very individual or subjective proxies, strongly lagged outcomes, complex or unobservable causality, and with lack of legitimacy among stakeholders. Organizations should not trustingly adopt SROI without being aware of these limitations.     

Turning Social Return on Investment on Its Head

This article undertakes a critique of social return on investment (SROI), combining the existing research literature with an analysis of six case studies of supported social enterprises employing people with disabilities and other challenges that affect their access to the conventional labor market. The critique of SROI focuses on its positivist roots and its emphasis on one number, the SROI ratio. It also discusses the technical challenges in producing that number, including concerns about its reliability. The article presents the stakeholder impact statement, an approach that is rooted in interpretivism and attempts to understand the impact of enterprises through the eyes of multiple stakeholders. Unlike SROI, which is a supplement to conventional accounting statements, the stakeholder impact statement integrates financial and social impact data, thereby placing them on the same level of importance.     

What's In It for the Volunteers?

This article reports on a social return on investment (SROI) analysis of volunteers of the Good Food Market program, a food access initiative run by FoodShare Toronto, one of Canada's largest food‐justice organizations. Unlike conventional SROI research, which typically focuses on the entire ecology of an organization or program, this article focuses solely on isolating the return volunteers receive on their investment of time, skills, energy, and the like—an SROI of volunteering. The article reviews the challenges of adapting the SROI methodology to the context of volunteer benefits and finds that ultimately SROI is a useful tool for articulating the value of volunteering.     

Restricted and Elaborated Modes in the Cultural Analysis of Politics1

The “cultural turn” that swept across the social sciences a generation ago ushered in renewed attention to the cultural analysis of politics. Yet despite this growing area of research, there remains a lack of integration between cultural and noncultural studies of political phenomena. Should this state of affairs be a source of concern for cultural sociologists? I believe it should be. In this essay, I outline reasons why this is the case and what might be done to address this issue. Drawing loosely on Basil Bernstein’s distinction between “restricted” and “elaborated” codes, I suggest that cultural analyses of politics need to be more “elaborated” in nature and I offer three guidelines that can orient this type of research program.     

Tensions that Make a Difference: Institutions,Interests, and the Immigrant Drive1

This article examines the dynamics underlying contemporary South‐North population displacements and the common gaps between public perceptions of the phenomenon and actual realities. I analyze these dynamics and gaps by focusing on the clash between opposing forces at various stages of the migration process. These tensions occur between actors endowed with unequal power, leading to inefficient Nash‐like equilibria where the interests of less powerful participants and those of society‐at‐large in the successful integration of its newest members are not maximized. Matrices of hypothetical payoffs for relevant actors are presented for illustration. Systemic changes that would alter the present situation in the direction of more efficient and stable outcomes are discussed.     

The Passagenwerk and the place of Walter Benjamin in cultural studies: Benjamin,cultural studies,Marxist theories of art

This essay is a reflection on the circumstances that led me to a particular research project, on Cajun dance and music spaces, and also on the project's mutations through subsequent phases of development. Above all, this essay attempts to take stock of the difficulties – personal, scholarly, and theoretical – as well as the personal choices that have gone into developing an ongoing scholarly project. While I indicate the importance of the experiences of personal pleasure that originally inspired my research, I also show how the personal and the pleasurable often necessarily encounter tensions and even certain kinds of conflict when linked to a ‘disciplinary’ domain. This essay therefore traces a particular example of how ‘cultural studies travels’ both geographically within a life and disciplinarily within something that has come to be known as‘French cultural studies’.     

Reconfirming Karl Marx's rate of surplus value

In Van Den Berg and Smith's comment that precedes this reply, I note their concession to the major conclusions of my 1982 comment. They no longer directly challenge my conclusions 1 / that there has been a general increase in the exploitation of labour by capital in the twentieth century despite fluctuations from decade to decade, nor 2 I the positive correlations between the rate of surplus value and strikes, especially between 1945 and 1966. Instead, they concentrate on minor methodological points that have little bearing on the thrust of my research. In this lies their major weakness: by narrowly focusing on a partial 'critique' of my critique of their 'critique' of my original research (Cuneo, 1978), Van Den Berg and Smith lose sight of the original research hypotheses, and end up trying to defend errors committed in their original commentary.     

Queer visual pleasures and the policing of male sexuality in responses to images of David Beckham

Since he stepped out in a sarong in 1998, David Beckham's sexuality and gendered image has been a popular topic of discussion in the media. He has also attracted academic attention for the expanded range of masculinities he seems to represent. Some academic studies of Beckham have employed ‘queer theory’ to analyse the destabilising of gender that his public presentations seem to embody but little attention has been paid to the specifically visual dynamics of images of Beckham. In this essay, I take Sam Taylor-Wood's David (2004) as a starting point to suggest the types of visual pleasure that images of Beckham might be seen to offer to both male and female audiences. For the remainder of the essay I focus on an Armani male underwear advertisement from the 2007–2008 campaign. Informed by discourse analysis and queer theory, I identify a set of ‘queer’ responses to the advertisement, suggesting they represent the ‘policing’ of male sexuality, which often accompanies potential signifiers of homoeroticism. I conclude by considering how and why Beckham has retained his status as a heteronormative masculine icon despite his continued appearance in homoerotic images.     

Social return on investment—Development and convergence

Social return on investment (SROI) is a relatively new approach to assessing the value created by human activity. This paper explores the development of SROI since its creation in 1996 and concludes by outlining areas for future development. SROI is compared with mainstream global approaches to generating standardized information that informs resource allocation decisions, financial accounting in general, sustainability accounting in the private sector and cost benefit analysis in the public sector.     

SROI in the pay for success context: Are they at odds?

The Pay For Success (PFS) and Social Impact Bond (SIB) movements to date have focused heavily on shorter-term outcomes that can be monetized and show clear savings to government entities. In part, this focus derives from the need to specify contract payments based on a narrow set of well measured outcomes (e.g., avoided days in jail and foster care, decreased use of behavioral health services). Meanwhile efforts to measure the social return on investment (SROI) of interventions have sought to expand the view of relevant outcomes to include domains that lend themselves less clearly to monetization. This paper explores the intersection between these two movements with illustrations from a SIB initiative underway focused on homeless families with children in foster care. Challenges and potential for SROI in a third-party payor environment will be discussed as well as opportunities to better leverage the strengths of both types of initiative.     

Discussion of Margrit Shildrick's “Dangerous Discourses” as It Relates to Need for Attitudinal Change Amongst the Psychoanalytic Community

In this brief essay, I review Catherine Opie's midcareer retrospective at the Guggenheim focusing on 3 of her self-portraits that elaborate on her leatherdyke identity. Interpreting these works through the scholarship of Ann Cvetkovich and the literature of Dorothy Allison, I read the progression from Self-Portrait/Cutting to Self-Portrait/Pervert to Self-Portrait/Nursing as a photographic argument regarding how sexuality can be generatively constituted through traumatic experience.     

Kontexteffekte von Wohngebieten

The article reviews findings on neighbourhood effects. First, methodological problems, such as the choice of spatial units, selection bias and social mechanisms are discussed. To overcome the problem of varying lists of neighbourhood effects, I suggest a methodological distinction between characteristics of the neighbourhood and social mechanisms. In the following section, these typologies are applied to analyse findings from empirical studies on topics such as the impact of the physical environment, perceived social capital and income. The complex relationship between neighbourhood characteristics and individual outcomes is then examined using studies on the impact on physical and mental health.Several research problems, such as the impact of different contexts on individuals of the same status are outlined in the following section. In the final chapter major findings are resumed and suggestions for further research are made.     

Formalizing Diaspora–State Relations: Processes and Tensions in the Jamaican Case

In common with many other developing states, the Jamaican government has recently sought to institutionalize relations with its diaspora in order to enhance its development potential. I explore the initiative in this paper. I begin with a definition of diaspora, in which I argue for the need to recognize the multiple meanings of the term, especially as they relate to migrant communities that do not follow the pattern of forced migration. Using Itzigsohn’s distinction between “narrow” and “broad” formations (see Itzigsohn et al., 1999 ), I argue that analysis of the operation of diaspora–state relations can only occur meaningfully using the narrow definition. This is followed by an examination of recent literature on diaspora–state relations, which provides a necessary context for the Jamaican case study. In the second section, I provide background to the 2004 initiative, showing that there was a clear progression from concern about the experiences of returned residents to an engagement with Jamaicans residing overseas. In the third section, I examine the structures created by the Jamaican government and, finally, I provide a critical appraisal of the process as it has unfolded thus far. I argue that tensions remain regarding the role and functioning of the “new” formalized process compared with the pre‐existing bodies, that resources are required to ensure a more equitable functioning of the process and that questions remain about the extent to which the new bodies “represent” the diaspora.     

Measuring Social Return on Investment

Strategic decision making and evaluation in philanthropic giving and social investment requires good‐quality information about the social impacts of that investment. One way to meet this need is by calculating a social return on investment (SROI) measure, akin to the return on investment (ROI) approach used in business analysis. Despite much buzz in the field, SROI measurements are rarely used, in part because of the complexity of the calculations but also because of a number of thorny and often expensive organizational challenges associated with implementing an SROI process. This article explores these implementation challenges by comparing four social venture organizations in the health care field—two in the Netherlands and two in the United States—that have utilized some sort of SROI measurement. We summarize the SROI process and identify the specific organizational challenges in each case. Lessons learned from this analysis include the value of process versus product and the importance of fitting the type of measurement to the organizational context. We conclude with a summary of best practices for organizations and social investors who might try to make effective use of SROI measures.     

The World Social Forum: the paradoxical quest for strength in plurality

ABSTRACT

In this reflexive essay, I explore how the present and the future of the World Social Forum are intimately related to the ability of its actors to acknowledge and actively address the inherent tensions of open spaces. The former must compose themselves articulating seemingly opposites: ideals shared within the World Social Forum vs. some practices not in accordance with its principles (enhanced in contexts of urgency); claimed horizontality vs. dynamic power relations; internal plurality vs. the need to act in unity to achieve systemic global change, amongst others. I will propose perspectives on how the strength of the WSF can be seen as its capacity to continue building radical hope for a positive shift of paradigm within progressive civil society: from divergences to resilient complementarities.