Social Value Creation and Impact Measurement - What Do They Mean Exactly?

There is a strong need for social value creation in our life. More and more people have to face mental illness caused by our stressful life. Social entrepreneurship and social enterprises are approaches to deal with these challenges. They are managed with a business mind-set coupled with social sensitivity. The paper examines how social value creation is interpreted and how social impact is measured and reported by social entrepreneurs using multiple cases from the business and the public sphere. It was found that a comprehensive social value creation model could help social enterprises to manage these challenges and have a greater impact.