RETURN ON INVESTMENT (ROI) A KEY PERFORMANCE INDICATOR AS USED BY BUSINESS TO DETERMINE PROFIT OF AN EXPENDITURE
In today’s world the context for NGO development work is ever changing. Factors such as globalisation and technology networks present both challenges and opportunities.
It is common knowledge that grant makers today are demanding that NGOs are in a position to demonstrate the actual impact of investments made. Investing in social and developmental causes is becoming increasingly innovative lately.
Recognising that investors now put their money where a deeper impact rate and sustainability on ROI can be guaranteed.
Communities of Opportunity is a research-based model that can be used to create the types of communities we all want to live in. It is designed to assist people to move out – and to stay out – of poverty. It employs a comprehensive approach to community development that builds on the existing strengths of the community, including its businesses, social services, education systems, healthcare systems, justice systems, community-based organisations and community members themselves to make a difference.
In partnership with TanoAI, a branding and digital media organisation supported by a qualified and innovative team of engineers, statisticians and data scientists are in the process of developing a cutting-edge technology-driven framework of measuring social impact SOI and social ROI. In terms of measuring social impact, TanoAI have constructed an impact methodology that assesses multiple spectrums of development.The framework allows for the assessment inspection of individuals and single elements in the development. In terms of measuring social return on investment, Barktree is making use of a development methodology in this field looking to harness its ability to measure return on investment.