Social impact refers to the effect an organization, project, or initiative has on the well-being of a community or society at large. It encompasses various aspects, including economic, environmental, and social changes that improve the quality of life for individuals and groups. Organizations like Ashoka and B Corporation focus on creating positive social change through innovative solutions. Measuring social impact can be complex, as it involves both quantitative and qualitative assessments. Tools and frameworks, such as Social Return on Investment (SROI), help organizations evaluate their contributions to society. Ultimately, the goal is to foster sustainable development and empower communities to thrive.