Social Innovation Presented By: Kelly Thomas. The Story of Shanti’ s Water Overlooking the Need for Social Innovation.

Social InnovationPresented By: Kelly Thomas

The Story

of Shant

i’s Water

Overlooking the Need for Social Innovation

What is Social Innovation?

• New strategies, concepts, ideas and organizations that meet social needs that extend and strengthen civil society

• Occurs within government, for-profit sector, nonprofit sector• Recognizing the interconnectedness of various factors• Changing beliefs, basic practices, resources, and social power

structures

Social Innovation vs.

Business Innovation

Social Innovation Business InnovationMotivation Improving Society Profit MaximizationResources Political Recognition, Voluntary Labor, Charities Firm's FundsGrowth Patterns Slow and Resiliant Quick and RiskyJudging Success Impoved Lives Revenue

Fixing The World’s Most Pressing Problems

Established Companies Using Social Innovation

What are we doing to make your Starbucks experience better? These are some of the things you've asked for.

Entering a New Era of Social Innovation

Why Do We Need Social Innovation• Changes in Society

• Sluggish economic growth, financial instability, political upheaval, resource crisis, hunger, poverty, disease

• New Technologies• Everyone in the world is now easily connected

• Changes in Innovation Agenda• 80s and 90s focused on enterprises• 21st century more focused on social services and education

The old ways of doing things no longer works

UPPLEMENT TO SSIR FUNDED BY THE ROCKEFELLER FOUNDATION

Innovation for a Complex World

THIS SPECIAL SUPPLEMENT INCLUDES SEVEN ARTICLES BY JUDITH RODIN AND OTHERS, SHARING GLOBAL PERSPECTIVES ON HOW SOCIAL INNOVATION CAN PROMOTE THE WELL-BEING OF HUMANITY.

VIEW THE DIGITAL EDITION AND DOWNLOAD THE COMPLETE PDF.RARELY HAS THE NEED FOR NEW WAYS OF THINKING BEEN MORE GLARING. FROM THE SLUGGISH ECONOMIC GROWTH AND FINANCIAL INSTABILITY OF THE LAST SEVERAL YEARS TO THE PERENNIAL ISSUES OF POLITICAL UPHEAVAL, RESOURCE CRISES, HUNGER, POVERTY, AND DISEASE, PEOPLE HAVE COME TO REALIZE THAT THE OLD

WAYS OF DOING THINGS NO LONGER WORK. WHETHER ONE LIVES IN THE DEVELOPED OR THE DEVELOPING WORLD, THE FATES OF ASIANS, AFRICANS, EUROPEANS, AND EVERYONE ON THE PLANET ARE INEXTRICABLY LINKED.WE ARE IN DESPERATE NEED OF A FUNDAMENTAL TRANSFORMATION OF SOCIAL, ECONOMIC, AND CULTURAL ARRANGEMENTS. THE OLD PARADIGM OF GOVERNMENT AID IS SIMPLY INADEQUATE TO THE CHALLENGE. WHAT WE NEED INSTEAD ARE CREATIVE AND INNOVATIVE SOLUTIONS FOR FOSTERING SUSTAINABLE GROWTH, SECURING

JOBS, AND INCREASING COMPETITIVE ABILITIES.ALL OVER THE WORLD DURING THE PAST DECADE, THERE HAS BEEN A PHENOMENAL SURGE OF INTEREST IN SOCIAL INNOVATION AS A WAY TO ACHIEVE SUSTAINABLE ECONOMIC GROWTH. IN THE UNITED STATES, PRESIDENT BARACK OBAMA LAUNCHED THE SOCIAL INNOVATION FUND, WHICH MAKES GRANTS TO INTERMEDIARIES THAT

Succeeding with Social Innovation

References

• http://www.ssireview.org/articles/entry/social_innovation_creates_prosperous_societies

• Intentional Innovation How Getting More Systematic about Innovation Could Improve Philanthropy and Increase Social Impact August 2008 . W.K. Kellogg Foundation

• http://www.socialinnovationexchange.org/sites/default/files/event/attachments/INNOV0102_p145162_mulgan.pdf

• www.youtube.com/watch?v=N73PVz• BCG, The Power of Social Business