The social benefit derived from the activities of a social purpose organisation.
There are more definitions regarding social impact or social value, as:
By social impact, we mean any of the great variety of changes in physiological states
and cognitions and beliefs, values and behaviour human or animal, as a result of the
real, implied, or imagined presence or actions of other individuals. (Latané, 1981);
By social impact we mean the consequences to human populations of any public or
private actions that alter the ways in which people live, work, play, relate to one
another, organize to meet their needs and generally act as a member of society. To
the norms, values, and beliefs that guide and rationalize their cognition of
themselves and society. (Burdge & Vanclay, 1996);
Social value is created when resources, inputs, processes or combined to generate
improvements in the lives of individuals or society as a whole (Emerson et al., 2000.