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Social Innovation – a Powerful Statement from Companies for a Sustainable Environment

Author

Listed:
  • Barb Roxana-Maria

    (Lucian Blaga University of Sibiu, Romania)

Abstract

Today’s environmental challenges are catching the attention of many companies to seek innovative solutions to solve the roots of these problems through strong partnerships with governmental entities and other organizations. Social innovation is a topic that can leverage new ideas and practices to overcome current societal and environmental issues fostering sustainability. The purpose of this paper is to highlight the importance of social innovation by presenting a pragmatic and comparative study case analysis of two companies that successfully implemented social innovation in their business model. Social innovation combined with open innovation are great catalysts in solving societal and environmental problems and creating shared value and having an impact on business strategy. These two organizations strive to create change and develop a learning environment to surpass all risks and challenges to solve environmental problems. The paper will provide evidence on the importance of closing partnerships in the social innovation process and how collaboration helps in generating shared value.

Suggested Citation

  • Barb Roxana-Maria, 2023. "Social Innovation – a Powerful Statement from Companies for a Sustainable Environment," Valahian Journal of Economic Studies, Sciendo, vol. 14(2), pages 101-110, December.
    • Handle: RePEc:vrs:vaecst:v:14:y:2023:i:2:p:101-110:n:4
    DOI: 10.2478/vjes-2023-0019
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    References listed on IDEAS

    as
    1. John Hagedoorn & Helen Haugh & Paul Robson & Kate Sugar, 2023. "Social innovation, goal orientation, and openness: insights from social enterprise hybrids," Small Business Economics, Springer, vol. 60(1), pages 173-198, January.
    2. Gemma Tejedor & Jordi Segalàs & Ángela Barrón & Mónica Fernández-Morilla & M. Teresa Fuertes & Jorge Ruiz-Morales & Ibón Gutiérrez & Esther García-González & Pilar Aramburuzabala & Àngels Hernández, 2019. "Didactic Strategies to Promote Competencies in Sustainability," Sustainability, MDPI, vol. 11(7), pages 1-24, April.
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    More about this item

    Keywords

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    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation
    • O36 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Open Innovation

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