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Entrepreneurship & Innovation: Societal Challenges & Impacts -…
Entrepreneurship & Innovation: Societal Challenges & Impacts
Generate Positive Impacts
Environmental Impacts
Promote environmental awareness and produce green energy
Societal Impacts
Inclusion of marginalised groups of people
Immigrants. Single Parents. Long-term Unemployed. People with Chronic Illness
Reduce isolation
Measured by: Quality of services, creativity, innovativeness and number of users
Economic Impacts
Generate wealth and profit. Quality Jobs.
Creation of social and environmental initiatives.
United Nations
Sustainable Development Goals
Global Action
Millennium Development Goals (2000 to 2015)
Reduced Poverty
Improved Health & Education in developing countries
Provided important framework for SDG's
1500 plus companies provided input and guidance
Local Action
SDG's translated into Governmental national action plans
Designed for organisations
Common framework
Unidentified / unresolved problems
Poverty, Immigration & Inequality
Urban & rural regeneration. Business Development Issues
Health & Education
SME's
Identify solutions to social & environmental challenges
Positive Impact
Job Creation. Competitiveness. Skills. Consumer Needs
Negative impact
Offloading unwanted costs: Pollution, Tax Avoidance
Give voice to communities affected by activities
Innovative Answers
Public & Private SME's pulling resources to address unaddressed needs in communities
Provide advocacy, raise awareness and supporting integration in line with public health prevention policies
Sustainability
Triple Bottom Line (Elkington, 1997)
Create economic value.
Create financial value
Production of environmental & social value
Affects society as a whole, not just stakeholders and the business
Ways to promote community development challenges
Engage in sustainable activities across sectors.
How the business is governed / directed
Sustainable Innovative Solutions
Engagement with stakeholders and communities
Adopting governance solutions
Introduce radical innovations
Core activity
Societal Concerns
Quality of services. Benefit to community.
Environmental Concerns
Improve conservation. Reduce Waste. Reduce Pollution