EDUCATION (CBSE/UGC NET)

Detailed explanation-1: -Social value is the quantification of the relative importance that people place on the changes they experience in their lives. Some, but not all of this value is captured in market prices. It is important to consider and measure this social value from the perspective of those affected by an organisation’s work.

Detailed explanation-2: -Social values are a set of principles that are morally acceptable by society. These principles are created by the dynamics of the community, institutions in the society, traditions, and cultural beliefs of the people in the society. The laws are a guide for people in society on how to conduct themselves appropriately.

Detailed explanation-3: -At Impact, our social value definition considers four primary types of social value: community, sustainability, wellbeing, and diversity.

Detailed explanation-4: -The Seven Principles of. Social Value. Involve stakeholders. Inform what gets measured and how this is measured and valued in an account of social value by involving stakeholders. Understand what changes. Value the outcomes that matter. Only include what is material. Do not over-claim. Be transparent. Verify the result. More items