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Societal Challenges: innovation and entrepreneurship - Coggle Diagram
Societal Challenges: innovation and entrepreneurship
Societal Impacts of Business
Positive
Improving jobs, income, health, and education
Supporting local development
Reducing exclusions and inequality
Contributing to SDGs and other developments
Negative
Increased pollution and environmental degredation
Avoiding taxation and refusal to join government developments
Poor work conditions and alienation of workers
Community harm and destruction
Innovation
Benefits of innovation
Competitive advantage
Improved quality of life
Increased productivity
Environmental sustainability
Economic growth
Solving societal challenges
Telemedicine and health apps
Sustainable packaging
Electric vehicles
Smart cities
Renewable energy tech
Water-saving tech
Drivers of innovation
Societal challenges
Competition
Customer needs
Government policies and regulations
Tech advances
Types of innovation
Service
Process
Products
Business model
Supporting SDGs
SDG 12: Responsible consumption and production
SDG 4: Quality education
SDG 3: Good health and wellbeing
SDG 11: Sustainable cities and communities
SDG 7: Affordbale and clean energy
Entrepreneurship
SMEs
Job creation
Economic growth
Opportunity recognition
Indentify problems
Find market gaps
Entrepreneur characteristics
Resilience
Risk-taking
Creativity
SDGs
SDG 6: Affordable and clean energy
SDG 8: Decent work and economic growth
SDG 4: Quality education
SDG 9: Industry, innovation and infrastructure
SDG 1: No poverty
SDG 13: Climate action
Societal Challenges through SME innovation and SDGs
Social issues
Poverty and inequality
Education
Health and wellbeing
Employment
Contribute to SDGs
SDG 8: Decent work and economic growth
SDG 10: Reduced inequalities
SDG 3: Good health andmwellbeing
SDG 5: Gender equality
Social issues influence economic outcomes by affecting workforce participation, productivity, skills development and overall economic growth
Economic issues
Skills shortages
Regional inequalities
Cost of living crisis
Contribute to SDGs
SDG 4: Quality education
SDG 7: Affordable and clean energy
SDG 8: Decent work and economic growth
SDG 9: Industry, innovation and infrastructure
SDG 10: reduced inequalities
Unemployment
Environmental issues create economic costs through resource scarcity, pollution and climate impacts, while economic activity can contribute to environmental degredation
Environmental issues
Climate change
Pollution
Resource depletion
Biodiversity loss
Contribute to SDGs
SDG 11: Sustainable cities and communities
SDG 12: Responsible consumption and production
SDG 6: Clean water and sanitation
SDG 13: Climate action
Environmental issues create social consequences, affecting health, equality, livelihoods and community wellbeing
SMEs as solution providers
Employment
Sustainable business
Innovation
Contribute to SDGs (Sustainable Development Goals)
SDG 11: Sustainable Cities and Communities
SDG 12: Responsible Consumption and Production
SDG 9: Industry, Innovation and Infrastructure
SDG 13: Climate Change
SDG 8: Decent Work and Economic Growth
Top and Bottom of the Pyramid
BOP (Bottom-of-the-Pyramid)
Limited access to services
Financial exclusion
Poverty
Inclusive innovation
Innovation can create value for both TOP and BOP markets, but BOP innovation often focuses on affordability, accessibility and social impact
SME solutions
Social enterprises
Sustainable tech
Affordable products
SDGs
SDG 6: Clean water and sanitation
SDG 7: Affordable and clean energy
SDG 4: Quality education
SDG 8: Decent work and economic growth
SDG 1: No poverty
SDG 12: Responsible consuption
TOP (Top-of-the-Pyramid)
Green innovation
Healthcare needs
Sustainability challenges
Overconsumption