Understanding the social value and well-being benefits created by museums: A case for social return on investment methodology

Whelan, Gayle

doi:10.1080/17533015.2015.1065574

Cited by 35 publications

(14 citation statements)

References 22 publications

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“…One of the most acknowledged in the field is the impact evaluation of the Auckland Museum's Moana-My Ocean Exhibition (Allpress et al, 2014). In the past few years, SROI studies applied to tourism impacts have been gradually incorporating new dimensions, from the impact of specific attractions (Aventia Consulting Limited, 2017) and museums (Barnett, 2011; Price WaterHouse Company [PWC], 2014) to the social value generated by museums as a whole (Whelan, 2015), even exploring the impacts generated by tourism at country level (PWC, 2015). For example, the recent research of Viganó and Lombardo (2019) about the impact generated by a museum association in Florence (Italy) revealed that workers were the most important stakeholders in aspects as welfare, work-life balance, career development, or employment stability.…”

Section: Applications Of Sroi To Tourism Impact Analysismentioning

confidence: 99%

Social Return on Investment (SROI) to Assess the Impacts of Tourism: A Case Study

et al. 2021

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This article contributes to the debate on the social and economic impacts generated by tourism activities using a methodology that is still insufficiently explored in the field of tourism and the impacts that this causes: social return on investment (SROI). Using the analysis of a case as a guiding thread, this article shows how the application of this methodology allows one to know in depth the social value that an emblematic palace (one of the main tourist attractions of a city in the south of Spain that was designated as a United Nations Educational, Scientific, and Cultural Organization [UNESCO] World Heritage Site) brings, the changes experienced by the interest groups that interact with it, and the theory of change that promotes the very existence of the palace. Its results and conclusions can also inform policies and strategies of these other actors related to the intervention.

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Section: Applications Of Sroi To Tourism Impact Analysismentioning

confidence: 99%

Social Return on Investment (SROI) to Assess the Impacts of Tourism: A Case Study

et al. 2021

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“…Meskipun banyak dikritik karena hasil yang tidak terstandardisasi (Gibbon & Dey, 2011a), inkonsistensi penghitungan (Watson et al, 2016), dan hasil yang meragukan (Luke et al, 2013), SROI tetap dianggap bermanfaat sebagai alat evaluasi karena fokus pada inklusi pemangku kepentingan (Whelan, 2015) serta kemampuannya dalam memberikan gambaran mengenai penciptaan dampak (Bellucci et al, 2019). Bermaksud untuk berupaya mengukur dampak sosial dan lingkungan selain juga dampak ekonomi, SROI merupakan aplikasi dari pendapat Galileo Galilei yang menyatakan "ukurlah apa yang dapat diukur dan buatlah menjadi bisa diukur sesuatu yang tidak bisa diukur".…”

Section: Pendahuluanunclassified

Analisis Laba Sosial Atas Investasi: Menyibak Asap Panen Madu Hutan Gambut untuk Kesejahteraan yang Lebih Cerah

Pramadha

Swara

Hartono

et al. 2021

JSDS

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Artikel ini menunjukkan bagaimana inisiatif keberlanjutan perusahaan pada program Corporate Social Responsibility (CSR) PT Pertamina RU II Sungai Pakning, yaitu Budidaya Madu Hutan Gambut yang memiliki dampak signifikan terhadap perubahan sosial, ekonomi, dan lingkungan di tingkat masyarakat. Data mengenai pelaksanaan program dan bentuk perubahan yang dirasakan diperoleh melalui laporan implementasi perusahaan dan wawancara via telepon dengan perusahaan serta penerima manfaat yang diolah dengan menggunakan metode Laba Sosial atas Investasi atau Social Return on Investment (SROI). Hasil penelitian menunjukkan bahwa praktik usaha pencarian madu hutan yang minim risiko kebakaran lahan terbukti meningkatkan kesejahteraan penerima manfaat dan pemangku kepentingan lain yang dibuktikan dengan hasil SROI sebesar 1,1. Rutinitas penerima manfaat dalam menjalankan pekerjaan utama menghasilkan madu dan kapasitas penerima manfaat dalam menindaklanjuti program berperan penting dalam proses pembentukan nilai dampak. Hasil ini tidak terlepas dari model intervensi CSR yang mengarah pada produk ramah lingkungan, inovasi teknologi, sertifikasi, dan penciptaan lapangan kerja. Studi ini mengkonfirmasi teori doughnut economics dan modal manusia. Kata kunci: corporate social responsibility, doughnut economics, human capital, pemberdayaan masyarakat, laba sosial atas investasi This article shows how corporate-based sustainability initiatives in Corporate Social Responsibility (CSR) of PT Pertamina RU II Sungai Pakning, namely Peat Forest Honey Cultivation generated significant impact on social, economic, and environmental changes at the community level. Data on program implementation and outcome which were obtained through company implementation reports as well as telephone interviews with companies and beneficiaries are processed using Social Returns On Investment (SROI) method. The practice of forest beekeeping that minimizes the risk of land fires has succeeded in increasing livelihood of the beneficiaries and other stakeholders, as evidenced by the SROI result of 1.1. Beneficiaries’ routines in carrying out the main job of producing honey and the capacity of beneficiaries to follow up on programs play an important role in the process of establishing impact values. This condition is created by the CSR intervention model that leads to environmentally friendly products, technological innovation, certification, and job creation. This study confirm the theory of doughnut economics and human capital. Keywords: community empowerment, corporate social responsibility, doughnut economics, human capital, social return on investment

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“…Other studies deal with the museum´s value using different methods of measurement of economic and social values of non-market goods. (Whelan, 2015).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Economic Efficiency of Cultural Institutions: The Case of Museums in Slovakia

Šebová¹

2018

Montenegrin Journal of Economics

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The efficiency analysis is widely applied in public institutions, but they are still rarely used in case of cultural institutions. The paper deals with the technical efficiency of museums that are characterized by diverse activities and multiple objectives. This multidimensionality complicates the evaluation of efficiency by using traditional economic methods. The paper evaluates the technical efficiency of museums in Slovakia using the method Data Envelopment Analysis. The objective of the paper was to identify key indicators suitable for analyzing efficiency based on available cultural statistics. The appropriate indicators were selected using multivariate statistical techniques-Principal Component Analysis. The findings of the analysis point to significant differences in the efficiency of slovak museums and enable defining the characteristics of the most effective museums. As this is the first analysis of the efficiency of Slovak museums, the findings can be helpful in practice for improving the statistical surveys about museums and their efficiency in Slovakia.

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Understanding the social value and well-being benefits created by museums: A case for social return on investment methodology

Cited by 35 publications

References 22 publications

Social Return on Investment (SROI) to Assess the Impacts of Tourism: A Case Study

Social Return on Investment (SROI) to Assess the Impacts of Tourism: A Case Study

Analisis Laba Sosial Atas Investasi: Menyibak Asap Panen Madu Hutan Gambut untuk Kesejahteraan yang Lebih Cerah

Economic Efficiency of Cultural Institutions: The Case of Museums in Slovakia

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