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What is Financial Value?

June 11, 2018 By Joe Roberson Leave a Comment

We’ve defined user value. And we’ve tried to nail social value. But that’s not enough. For your project to survive beyond it’s grant you must generate financial value. However, financial value isn’t easy for us charities to think about because we’re not used to behaving like businesses.

“Sooner or later someone’s gotta pay” says James Dean to Rock Hudson in 1956’s ‘Giant’.

Someone’s got to pay because [Read more…] about What is Financial Value?

What is Social Value?

June 4, 2018 By Joe Roberson Leave a Comment

You need to learn how social value is created in tech projects. That way you’ll know what to expect and when on your Tech for Good journey. This is important for funders to understand too.

Social value. You could call it social impact. It’s what we strive for in the Third Sector.

We already know its language, we’re already focused on creating it. Our desire to achieve it drives most Tech for Good ideas.

So why bother [Read more…] about What is Social Value?

What is User Value?

May 21, 2018 By Joe Roberson Leave a Comment

You need to learn about user value because up until now chances are you’ve been focused on ‘social value’. That means ‘solving social problems’. That’s cool, and that’s why we’re all here, right? But on it’s own, social value is not enough…

‘User value’. You may have heard of it. Or you may have an idea of its meaning just in the words ‘user’ and ‘value’.

However, we’ve found it means different things to different folk. And that sometimes people confuse it with ‘social value’ or ‘social impact’.

This confusion comes from thinking that if a product improves a user’s life then it improves society too. So user value is seen as leading directly to social value.

Well yes, and no. [Read more…] about What is User Value?

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