Social innovation is a term that is relatively new, but its overall concept is actually not. A social innovation has been acknowledge as a fresh solutions to many social issues in an efficient and sustainable way. This may also refer to the establishment, enlargement and combination of new practices and models. These have become responsible for putting both the planet and people first.
Social innovations are also recognized for their benefits. It is believes that they provide valuable solutions to different struggles that people are experiencing. Many social innovations are varying. This happened since they are always changing the behaviors and structures that give rise to those challenges in the past. This type of innovation come from groups and person, and it is taking place in several sectors including those public, profit and non-profit sectors. You can find a lot of examples of social innovation all throughout history, and you can also find some examples of it in this present world.
Up-to-date Samples of social Innovation
• Emissions Trading
It is a pollution control program that uses valuable economic incentives to be able to reduce emissions. A restriction is set on the total amount of a certain pollutant to be emitted that is issues to all participating businesses.
• Charter Schools
Schools, teachers and guardians as well as those administrators can enhance some teaching methods that can be essential to students. This is true to charter schools. Charter schools can function without complying to the policies set by traditional schools. They can make their own teaching methods.
Social innovation mainly focuses its attention on the solutions and ideas that develop a social value and it is promoted to improve the world. These are innovative ideas that can cater the needs of the society and establish great social collaborations. In simple words, social innovations are kinds of innovations that are essential for both the society itself and boost the capacity of the society to act.
Entrepreneurship and innovation are actually key sources of productivity and job creation. These are also highly valuable in economic growth that can greatly benefit the whole nation. Many researchers and politicians increasingly realized that innovation can be great mechanisms in order to meet the needs of the society.Social innovation has been provided great importance because of the solutions that it has been offering to societal challenges such as social exclusion, climate change and poverty. This has even been recognized as a great solution to social problems that is more effective and efficient.