CIPS Exam L4M8 Topic 9 Question 20 Discussion

Actual exam question for CIPS's L4M8 exam

Question #: 20
Topic #: 9

[All L4M8 Questions]

Describe one qualitative and one quantitative measures of social impact for an organization with which you are familiar.

AExplanation:
Information gathered in relation to social impact for an organization is both qualitative and quantitative.
Fullpower consult is a project/procurement training company that has gotten a measure of its social impact.
The qualitative measure of the organization is its stakeholders perception. Stakeholders knows that fullpower will do all it can to always give the best value for money.
Fullpower has the policies to give 10% of its profit share back to the community, by sponsoring free trainings for both professionals and vocational.
Addition
Qualitative and quantitative measures of social impact
Qualitative
Stakeholder perception
Reputation
Good Ethical practice
Benefit to the economy
Quantitative
20% Reduction in emission
Amount of funding donated
Amount of train courses delivered
Percentage of Resources Replaced
*
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Suggested Answer: A

by Rolland at Aug 08, 2023, 07:34 PM

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Rosita

1 months ago

Ah, the age-old debate of qualitative vs. quantitative measures. Fullpower's got it all figured out! I bet they even have a dedicated 'Social Impact' department, complete with a team of impact analysts and a fancy dashboard to track it all. Maybe they even have a 'Stakeholder Satisfaction' score that they display on their website. Gotta keep those stakeholders happy, am I right?

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Youlanda

1 months ago

This is a great question! Fullpower's approach sounds solid. Qualitative measures like stakeholder perception and ethical practices are so important, but you can't forget the hard numbers. I wonder if they also track things like the percentage of resources they've replaced with more sustainable alternatives. That would be a cool metric to include.

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Reuben

10 days ago

Yes, Fullpower's focus on stakeholder perception and ethical practices is crucial for social impact.

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2 months ago

Hmm, this is a tricky one. I think Fullpower's approach is quite interesting. The stakeholder perception and their ethical practices are great qualitative measures, and the 10% profit share and the number of free trainings are good quantitative ones. I wonder if they also track their environmental impact, like the reduction in emissions?

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Nan

28 days ago

That's impressive! It's important for organizations to consider both qualitative and quantitative measures of social impact.

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Nakita

1 months ago

Yes, Fullpower also tracks a 20% reduction in emissions as a quantitative measure of their social impact.

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Aja

2 months ago

I agree with you, stakeholders' perception is important in determining the social impact of an organization.

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Agustin

2 months ago

Wow, this is a great question! Qualitative and quantitative measures of social impact are crucial for any organization. I'm familiar with XYZ Foundation, and they use stakeholder perception and their reputation as qualitative measures, while they track the amount of funding donated and the number of training courses delivered as quantitative measures.

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Lisandra

2 months ago

I think one qualitative measure of social impact for an organization could be stakeholder perception.

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