Stanford GSB was the first North American business school to establish a center dedicated to engaging students in the pursuit of social and environmental change and made many contributions to the understanding of the evolving field of social innovation.
Recent Examples of Social Innovation
How Social Innovation Differs From Social Entrepreneurship
Although social entrepreneurship has become a popular rallying point for those trying to improve the world, social change can happen outside of them. As a matter of fact, solutions have historically come from the nonprofit, private, and government sectors.
The concept of social innovation focuses attention on the ideas and solutions that create social value—as well as the processes through which they are generated, regardless of where they are coming from.
Social Innovation Drivers
We observe how cross-sector fertilization underlies the three key mechanisms that are driving contemporary social innovation:
- Exchange of ideas and values
- Shifts in roles and relationships
- Integration of private capital with public and philanthropic support
Ultimately, the most difficult and important problems cannot be understood, let alone solved, without involving the nonprofit, public, and private sectors.