Social Innovation Presented By: Kelly Thomas
Jan 03, 2016
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
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.
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
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