Connecting Corporations and Communities: Towards a Theory of Socially Inclusive Open Innovation
September 2017
in “
Journal of Open Innovation Technology Market and Complexity
”
TLDR Corporations should adopt open innovation with community ideas to address social needs and empower communities.
The document discussed the need for new models of social innovation to address unmet social needs and joblessness due to industrial growth. It emphasized the importance of a socio-ecological system that rewards innovation and the potential role of corporations in adopting an open innovation approach that integrates grassroots ideas. The paper explored how social innovations could foster trust among stakeholders and influence policy, particularly in Europe. It highlighted the importance of connecting corporations and communities through social open innovations and examined how technological and market adaptability could empower communities. The conclusion offered recommendations based on grassroots innovators' experiences to enhance social innovations and enterprises, aiming to meet the needs of disadvantaged populations.