Explain Social Innovation...? " munipalli akshay paul "
What is Social Innovation? Social innovation refers to the development and implementation of new ideas, strategies, products, services, or models that address social and environmental challenges in more effective, efficient, or sustainable ways than existing solutions. These innovations aim to improve the well-being of individuals, communities, or society as a whole. Key Characteristics of Social Innovation Addresses Social Needs – Focuses on solving issues such as poverty, education, healthcare, climate change, and inequality. Collaborative – Involves cooperation among governments, businesses, non-profits, and communities. Sustainable & Scalable – Aims to create long-term positive impact and can be expanded to reach more people. Inclusive & Participatory – Encourages active involvement from affected communities in designing solutions. Systemic Change – Seeks to transform existing structures and create lasting improvements rather than just temporary fixes. Examp...