Understanding Social Innovation

Abstract

Mainly sociologists concur on the importance of social innovation for societal progress. Additionally, the introduction presented social innovation as a macro-economic driver. However, research on the value of social innovation in the business sphere is only in its beginnings. In order to introduce shared value as a socially innovative business strategy we hence, have to understand social innovation at first. To this intent, the current stand of social innovation research will be presented in the subsequent chapters.