2010
DOI: 10.1177/1049731510387306
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Toward Valuation in Social Work and Social Services

Abstract: Social work and social services are known to be beneficial to society, but to date no systematic valuation of their contribution has been attempted. The aim of this article is to advance our ability to quantify both the known direct benefits and some of the positive externalities of social work. The authors make the case of why valuation is important for social work and social services. Relying on the rich literature on valuation, the authors provide a review of key valuation methods. The authors then demonstr… Show more

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Cited by 7 publications
(4 citation statements)
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“…Many economic measures are used in evaluating the performance of the non-profit organization like Cost-Benefit Analysis (CBA), Outcome Rating Scale (ORS), Single Outcome Agreements (SOAs), Social Audit, Social Accounting and Audit (SAA), and Social Return on Investment (SROI). Economic measures are used also in the determination of the replacement cost, opportunity cost, choosing between alternatives, contingent valuation, choice experiment, and revealed preference (Cnaan and Kang, 2010).…”
Section: Economic and Financial Efficiency Perspectivementioning
confidence: 99%
“…Many economic measures are used in evaluating the performance of the non-profit organization like Cost-Benefit Analysis (CBA), Outcome Rating Scale (ORS), Single Outcome Agreements (SOAs), Social Audit, Social Accounting and Audit (SAA), and Social Return on Investment (SROI). Economic measures are used also in the determination of the replacement cost, opportunity cost, choosing between alternatives, contingent valuation, choice experiment, and revealed preference (Cnaan and Kang, 2010).…”
Section: Economic and Financial Efficiency Perspectivementioning
confidence: 99%
“…Social Return on Investment models seek to value services and products that the wider market normally would not price, things like: happiness, well-being, rehabilitation, responsible parenting, and neighbourhood pride. SROIs can also be used to estimate the costs of specific social problems and the quantitative impact of non-profit organizations relative to their financial and human resource investments (Glisson, 2000; Schorr, 1997; Cnaan and Kang, 2011). It follows that the more complex the phenomenon being valued, the more difficult the valuation.…”
Section: Valuation In Congregationsmentioning
confidence: 99%
“…Approaches include: cost-benefit analysis (CBA); outcome rating scale (ORS); single outcome agreements (SOAs); social audit; social accounting and audit (SAA); and social return on investment (SROI) (Brooks Jr, 1980;Gao & Zhang, 2006;Gibbon & Dey, 2011;Gray et al, 1997;Medawar, 1976;Miller et al, 2003;Natale & Ford, 1994;NZIER, 2012;Owen et al, 2000;Zadek, 1993). In addition, single measure valuation techniques also include replacement cost, opportunity cost and numerous stated preference techniques (for example, contingent valuation, choice experiment, and revealed preference methods) (Cnaan and Kang, 2010). These techniques assume there is a market for a TSO's activities and that 'customers' are present to value these activities.…”
Section: Economic/financial Efficiency Approachesmentioning
confidence: 99%
“…Yet these quantitative measures are controversial due to the need to monetise outputs and outcomes that may not be traded in a marketplace; measures are QRAM 10,3/4 also often infeasible. One problem cited is the cost in terms of data collection and analysis; many TSOs lack this specific expertise and must employ consultants to assist (Cnaan and Kang, 2010). A further challenge is the difficulty with attributing performance to a specific TSO.…”
Section: Challenges and Drawbacksmentioning
confidence: 99%