Olinga Ta'eed has led a life spanning private, public and third sectors which perhaps is most accurately described as “entrepreneur, investor and social activist” (Professor Conlon, Dean of University of Notre Dame, April 2011). He started to retire from a successful business career at the age of 48.
Dr Ta’eed is Professor in Social Enterprise at Northampton University. He focuses on larger outcomes in the social impact space, presently advising large corporates and senior government departments. He heads up social enterprise at University of Northampton Business School (NBS), a University striving to be #1 in the sector in the UK, with main research interests in social impact metrics and social funding structures. In December 2011 Olinga was commissioned to develop a scaleable social impact metric, the S/E Ratio, which fulfils the second of the three goals of the G8 Social Impact Investment Forum (June 2012).
In January 2013 Olinga founded and became Director of the Centre for Citizenship, Enterprise and Governance. It houses the external face of NBS Research & Enterprise agenda. The Centre, which is fully self-funding, is associated with high profile events at which Professor Ta’eed is a keynote speaker.
Since the age of 40, Olinga has led a number of high profile social enterprises which led to his appointment as Impact Investment Advisor to Big Society Network, the UK government strategic partner. He is also Visiting Professor in Capacity Development at Birmingham City Business School, also serving on the Advisory Board.
Olinga has held P&L responsibility in organisations from start-ups to US$ 600 million with 9000 staff, mostly as CEO/Chairman positions across private, public and third sector organisations. As an investor over the last 20 years he has made successful exits from quoted and unquoted companies; the latest in May 2011 giving him 30,000 times RoI. He built his corporate pedigree by specialising in hypergrowth companies and those in severe difficulty.
In the recent past he has acted as NED Chairman of a number of large charities primarily in the BME and disability sectors. He maintains an active interest in performing arts, maintaining a holding in Wales, and homes in London, Northampton and Turin.
Professor Ta’eed teaches on second and final year Undergraduate programmes in social enterprise, as well as contributing to the post graduate masters, PhD and DBA programmes. He delivers keynote speeches and guest lectures internationally as an authority in social innovation.
Olinga’s main focus is on social impact measurement, the development of social innovation financial instruments, and capacity development. Substantial progress has led to international recognition of the social impact metric, the Social Earnings Ratio (S/E); the full value of an organisation is the sum of the financial and social values.
Professor Olinga Ta’eed has established the S/E Ratio (SER) to measure social impact, often historically articulated as Corporate Social Responsibility (CSR), Sustainability, but now in terms of Citizenship which forms the framework for the metric. SER is a corollary to the Price Earnings Ratio (P/E), which was initially proven in over 50 blue chip corporates plus local government organisations. The S/E Ratio is based on XBRL accounting standards integrated within a GRI-4 (Global Reporting Initiative) CSR reporting framework, and compliant with IIRC (International Integrated Reporting Committee). The metric, with no intervention with the target organisation necessary, reports social impact as a percentage of capitalization, the efficiency of the CSR spend, and benchmarks against competitors and industry sectors. Having proven manual scalability through UG/PG students, a cloud computing demonstrator has been developed to apply the S/E Ratio internationally across all corporates (quoted and unquoted) and all organisations (including public and third sector). In 2014 an annual league table will be published and online ranking available in real-time. The S/E Ratio does not rely on subjective assessments or financial proxies, is 100% repeatable, cannot be influenced or skewed, and has become automated through software which allows it to report in scale.