Is Social Innovation Really Here to Stay?

By: Gene Zlotnikov

In a January 12th Forbes article titled, Social Innovation: Is it Really Here to Stay? Shannon Schuyler discusses how major companies have created social innovation positions within their ranks in order to provide future sustainability for their organization. As companies innovate and transform, building strong corporate & non-profit partnerships will become an essential part of their growth and sustainability. The most important change organizations will need to understand is that corporate giving and philanthropy should not be as cut and dry as handing out checks anymore; rather, companies must be willing to approach social problems by sharing thoughts with one another in order to leverage truly powerful ideas that will lead toward organizational transformation.

Schuyler highlights one specific example of a company using their resources and social ability to innovate and fulfill their mission. Goldman Sachs’ 10,000 Women Campaign, which is trying to provide widespread business education to underserved women, is pairing Goldman’s business expertise and financial resources with 80 academic and nonprofit partners to scale meaningful change and, eventually, success. They are acting upon the philosophy that strong partnerships are a way that will lead organizations to become their most potent selves as they strive to carry out their vision and mission.

For more information about Social Innovation you can read the original Forbes article here.