Creating a new generation of data to solve social problems.
As a CMO myself, I'm experiencing firsthand the profound changes in the marketplace and in how we provide value for clients, consumers or customers. Amidst these changes, one of the developments my colleague, Leeatt Rothschild, and I are most excited about is the growing importance of social value drivers for consumers.
Every day, thousands of Americans apply for new credit cards, loans, and mortgages. In the decision-making process, banks use one number to review a person’s financial history and assess their likelihood to pay off debt: a credit score. Similarly, other industries are striving to mimic this approach by using algorithm-based data to predict future outcomes in various settings. Enter Mission Measurement, the social impact consulting firm attempting to change the way corporations, government agencies, foundations, and non-profits invest in philanthropic causes by using data to forecast social impact program outcomes.
In July’s edition of the Journal of Sustainable Finance & Banking John Hoeppner, Mission Measurement's Head of Investment Research, outlines why a deep understanding of consumer decision-making is essential to investment analysis.
Leading foundations adopt a new predictive approach to measuring social impact
Impact Genome Project™ enables impact investors to measure expected return on their investments
Quantifying the consumer demand for social impact and enabling brands to deliver social benefits that drive consumer purchase behavior.
It’s the same old story: Consumers say they care about social impact but their behavior just doesn’t match their statements.
One of the greatest challenges facing nonprofits is proving how effective they are. To determine which social programs are making the most progress toward tackling critical social issues, most groups rely on inconsistent reports, cursory impressions, “brands,” or even politics. But there is a better way.