Return on Investment (ROI) considers not just costs but benefits or savings – what is gained. Social Return on Investment (SROI) includes in the calculation wider, more ‘systemic’ savings – some quite intangible or hard to quantify with precision, but clearly relevant.
Keyword Groups: Funding
New Public Management
The approach to provision of state-funded services whereby independent agencies are commissioned to provide these services, operating as businesses, and accountable to the state (central or local government) for ‘delivery’ of these ‘outcomes’.
individual
Individual Budgets are an approach to funding of support and care services whereby the vulnerable individual is given some measure of control over the kind of highly personalised support they will receive, within an agreed budget allocation for themselves. In some cases, the individual has full control over the budget; in others, they have a […]
Payment by Results
PbR is an approach to funding of support and care services whereby services are paid only according to the measured effectiveness of their service, according to pre-specified outcome measures. (See ‘New Public Management’, ‘metrics and measures’, ‘Individual Budgets’ etc
competition
Use for issues arising from a competition framework for services. See also ‘commissioning’, ‘partnership’, ‘New Public Management’
business model
The way that an organisation gets the income needed to provide its goods or services.
competition
Use for issues arising from a competition framework for services. See also ‘commissioning’, ‘partnership’, ‘New Public Management’
timescales
Early difficulties may have lasting effects, and entrenched (or ‘chronic’) problems may need long-term solutions and relationships: yet services’ funding tends to be organised in short-term cycles, and research often likewise. Use this keyword for any discussion on suitable and un-suitable timescales of support and evidence-gathering, as well as for more ‘pure research’ questions; it is […]
time banks
An exchange scheme by which volunteer workers gain credits by their work, which can be exchanged for other goods of services. ( See “Gardiner : Manageable Chunks of Time”)