Setting up for Success – Stronger Brains Case Study

Posted on the 19th February 2019

“It is widely recognised by various governments around the world, with whom we work. It is simple to use and based on rigorous economic analysis of large populations.”

Would you give me a quick overview of your organisation?

Stronger Brains builds better lives for people impacted by toxic stress from abuse, neglect and other adverse childhood experiences. We do this measurably and scientifically in two ways – using personalised, digital, neuroplasticity programs to restore healthy brain function; and through personalised mentoring and empowerment programs to address any other impediments to learning, employment, good mental and physical health and a better life.Stronger Brains Logo

 

Why did you choose the ASVB Calculator to measure your social value?

It is widely recognised by various governments around the world, with whom we work. It is simple to use and based on rigorous economic analysis of large populations.

How does our tool help your team or organisation achieve its objectives?

It provides independent economic analysis of the social benefit we deliver.

How do you and your team currently use the ASVB?

We are currently using it to evaluate our work with the Australian Federal Government, Department of Social Services, in relation to improving outcomes for young VET students at risk of long-term unemployment.

What are the main benefits of using the ASVB in your opinion?

The main benefits are being able to quantify to customers the value of our work in financial terms which should justify further funding/investment and lead to growth and ultimately greater social impact.

What is your advice to others who might be considering our impact measurement solution?

We would encourage all organisations to use it and to be accountable for what they do.

How would you describe our product if you were explaining it to a friend?

It’s a simple tool, underpinned by robust economic analysis, used by many governments around the world, to quantify the economic value of social impact initiatives such as reducing homelessness, recidivism or unemployment.

Final comments or feedback:

As taxpayers, we should all want to see that our tax dollars are spent effectively and efficiently. To date, governments and social service providers have not been accountable to the taxpayer in terms of measuring the social or financial impact of what they do and the decisions they make to allocate taxpayer dollars to various service providers. We can all do better and as the baby-boomers retire and there are fewer taxpayers to support social services, the need for accountability will only increase.

Interview with Wendy Haigh – Co-Founder and Director Stronger Brains

Learn more about Stronger Brains

Further Reading

Learn how to calculate your social value in 3 steps…

Read more posts...

Australia’s Hidden Social Value Act

You might be aware that the ASVB is based on a model that was developed by the UK housing sector, the UK Social Value Bank. The tool was developed in response to their Government’s introduction...

Posted 26 Feb 2020

Value for Money – Post Bushfire

AUSTRALIA’S BLACK SUMMER For many, it’s been an incredibly rough start to the year. First there were fires – we saw 12 million hectares of our country burn, at least 32 lives and 2,700 homes lost...

Posted 17 Feb 2020