Social Innovation
Social Innovation
Social Innovation
Term Paper on
Social Innovation
MBA IV Term
Term Paper
Course Instructor
Professor Rupesh Krishna Shrestha
Introduction
We talk a lot about how to innovate but we don't always talk about why we innovate. I
believe that we are now living in an innovative world where by if we could collectively put our
ideas or innovations together, and then we will surely create some positive changes in the in the
society. Social innovation is the key for the better society which will lead to the better world.
Social innovation is a process that enables these global ideas, concepts and values to
intermingle with traditional values. It will result in change and transformation of economic,
social, cultural and political structure of a society. How successfully a society or a community is
able to adapt and adopt these new trends in a meaningful method will define their success and
prosperity. There is currently much debate about what social innovation is and how it should be
defined. Some definitions are very specific and exclude many examples of social innovation
especially those which come from the market. Others are so broad that they include examples of
projects and organizations which are not particularly innovative even though they do deliver
benefits to the communities they serve. In short to understand in simple words, below mentioned
diagram is easy to value the concept of social innovation.
What is Social
Innovation?
Social innovation describes the entire process by which new responses to social needs are
developed in order to deliver better social outcomes. This process is composed of four main
elements:
Thesis Statement
This main aspiration of this term paper is focus on the role of social innovation in the society
and role pillar of social innovation and how it misconception with social entrepreneurship.
defined as the behavior and attitude of an individual involved in creating a new ventures for
social purpose by taking risk. Whereas social innovation describes the process of invention and
adaption of services or business model whether in public, private or nonprofit sectors.
activities and emerge few possibilities that could be mainstream for the future. Chhotukool is a
perfect example of an organization called Godrej. Chhotukool is a disruptive innovation by Godrej, a
mini fridge which is way different from a normal refrigerator, focused to innovate observing at the
rural market according to their need and constraints.
Conclusion
Our conception of social innovation has implications for thought leaders, policymakers, funders,
and practitioners. It captures not only the ends to which agents of social change aspire, but also
the full range of means through which we can attain those ends. The fields of social
entrepreneurship and social enterprise examine only a subset of paths specifically, the creation of
new and typically nonprofit ventures. Most difficult and important social problems cant be
understood, let alone solved, without involving the nonprofit, public, and private sectors. We
cannot even think about solving global warming, for example, without considering the role of
global petrochemical firms, national agencies such as Department of Energy, supranational
governmental agencies such as the United Nations and the World Bank, and nonprofit groups
such as Greenpeace and Environmental Defense (James A Phill, 2008). The world needs more
social innovationand so all who aspire to solve the worlds most vexing problems
entrepreneurs, leaders, managers, activists, and change agentsregardless of whether they come
from the world of business, government, or nonprofits, must shed old patterns of isolation,
paternalism, and antagonism and strive to understand, embrace, and leverage cross-sector
dynamics to find new ways of creating social value.
Work Cited
http://www.innovateballymun.org/sites/default/files/socialinnovation/Rediscovering
%20Social%20Innovation%20%20Stanford%20%20SI%20Review%202008_0.pdf
http://sig.uwaterloo.ca/sites/default/files/documents/MAKING_A_DIFFERENCE_SiG_
Format.pdf
http://www.skollfoundation.org/wpcontent/uploads/2010/09/2007SP_feature_martinosbe
rg.pdf
http://www.sbs.ox.ac.uk/sites/default/files/Skoll_Centre/Docs/Social%20Innovation
%20%20What%20it%20is%2C%20why%20it%20matters%20%26%20how%20it
%20can%20be%20accelerated.pdf
http://www.ssireview.org/images/articles/2008FA_feature_phills_deiglmeier_miller.pdf
http://eureka.bodleian.ox.ac.uk/761/1/Social_Innovation.pdf
http://www.scribd.com/doc/254211358/Social-innovation-and-sustainability
http://www.scribd.com/doc/145487457/Social-Innovation-2013