A growing number of companies seek to develop profitable new products, services and/or business models that also create social and/or environmental value. They believe these “social innovations” can help them reach new markets, respond to technological and political changes affecting their industries, and live up to their sustainable development commitments. To facilitate this, companies are building internal support structures including investment funds, incubators, “hackathons,” leadership development programmes, online platforms and communities of practice. A key priority is to ensure that employees have the know-how they need to take advantage of these offerings and bring their ideas to fruition.
In Phase I, we will engage employees from Barclays, Pearson and Cemex and members of the Business Fights Poverty community to understand what skills employees need most to transform their ideas into positive results for their companies and for society. In Phase II, we will work with expert partners to develop a series of skills-focused webinars and tip sheets that intrapreneurial employees – who are often engaging in social innovation on top of their day jobs – can use to come up to speed.
Help shape the Social Innovation Challenge! Have you developed a profitable new product, service or business model with social impact, or would you like to? Please share your views in this short survey.
6 months, ending December 2017