1. What is Social Value?

Social Value measures the ratio of total benefits created to the inputs invested. It helps organizations quantify the social impact they generate relative to their investments.

2. How Does the Calculator Work?

The calculator uses the Social Value formula:

Where:

• \( Total\ Benefits \) — The sum of all social benefits created (in currency)
• \( Inputs \) — The total resources invested (in currency)

Explanation: A higher ratio indicates greater social value created per unit of input.

3. Importance of Social Value Calculation

Details: Calculating social value helps organizations measure their impact, justify investments, and make data-driven decisions about resource allocation.

4. Using the Calculator

Tips: Enter total benefits and inputs in the same currency. Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What counts as "benefits" in social value calculation?
A: Benefits include all measurable positive outcomes from your activities, converted to monetary value where possible.

Q2: What are considered "inputs"?
A: Inputs include all resources invested - money, time, materials, and other costs associated with creating the benefits.

Q3: What is a good social value ratio?
A: Ratios above 1 indicate the benefits outweigh the inputs. The higher the ratio, the greater the social value created per unit of input.

Q4: How can I improve my social value ratio?
A: Either increase benefits (more/better outcomes) or reduce inputs (more efficient operations) or both.

Q5: Can social value be compared across organizations?
A: Only if using consistent measurement methods. Different valuation approaches can produce different results.