– The purpose of this paper is to analyze whether the use of current performance tools is consistent with the specific features of social enterprises.
Abstract
Purpose
The purpose of this paper is to analyze whether the use of current performance tools is consistent with the specific features of social enterprises.
Design/methodology/approach
In a first phase, the main performance tools are divided into strategic planning tools, reporting tools and economic optimization techniques. In a second phase, 15 criteria emerge from a literature review to characterize the specific features of social enterprises. These criteria are brought together into an analytical framework, which makes it possible to analyze the relevance of each performance tool in relation to the specific features of social enterprises.
Findings
What comes out of the analysis is that the tools globally fail to account for the specific features of social enterprises. That none of them met more than half of the criteria suggests the need for new performance tools based on strong theoretical bases.
Research limitations/implications
Only the main performance tools are taken into account in this study. Some tools developed specifically for social enterprises might score better if they were tested in the framework.
Practical implications
Managers in social enterprises often feel helpless when having to choose or develop a performance evaluation tool. This paper allows them to test whether the tools they use are well suited to social enterprises, and provides them with useful guidelines for developing new ones.
Originality/value
Literature on performance evaluation for nonprofits or social enterprises mostly remains conceptual or focusses on one single tool. The author fills the gap by studying a broad range of performance evaluation tools and comparing them.