@changemakers · 0:21
Social innovation, social enterprise, social entrepreneurship and social change - and a question for you.
Hi. So today we are here with a question for you. Social innovation, social enterprise, and social entrepreneurship. All three are vital to social change. Would you say these are independent of one another or interdependent? Waiting to hear your thoughts
Ryan Cartier
@Cartier · 0:19
They each have individual definitions that you can look up. And if you go through those here, it may be beneficial to both the conversation and the people who are sharing this question with you
@changemakers · 1:34
Thank you for your question. Social innovation has to be an idea in the form of a product, service, or method that creates change, performs better than existing solutions and for which the value accrues primarily to society. Social enterprise is about the business model. Social enterprise is a business whether operated by a for profit or nonprofit that has a double bottom line of both maximizing social and financial return. Social entrepreneurship is about the mindset
Swell Team
@Swell · 0:15
Ryan Cartier
@Cartier · 0:20
So can you unpack a little bit what you were referring to when you say the framework of a viable operating model so that everyone's on the same pages. How you see that
@changemakers · 0:34
By a viable operating model, I am referring to social enterprises that can offer a way of doing business that is selfsustaining selling products and services aimed at social needs. They set examples of success, successful businesses that also consider social and environmental impact of their operations. And through this, several innovative approaches to business can also emerge by way of fair trade, social inclusion, land rehabilitation, culture, health care, and so on