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Social Innovation

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The presence of a viable solution is extremely important, by providing financial services to the downtrodden and less affluent class. It is quintessential for companies to realize the vitality of a system that addresses the problems that are faced by the poor around the world. The Social innovation is a sustainable solution to a social problem by adding value to the already existing system. The civil society and NGO’s can play a major part in channelizing the funds and creating opportunities for the downtrodden. In the nineteenth and early twentieth century Britain, civil society pioneered the most influential new models of childcare, housing, community development and social care (Mitpressjournals.org, 2017). Recently, The West …show more content…

(2017). Top ten social enterprises revealed. [online] the Guardian. Available at: https://www.theguardian.com/uk/the-northerner/2012/oct/22/socialenterprises-key-fund-sheffield-leeds-bradford-doncaster-barnsley-rotherham [Accessed 27 Apr. 2017]. Gov.uk. (2017). Social Investment Awards celebrate another successful year - GOV.UK. [online] Available at: https://www.gov.uk/government/news/social-investment-awards-celebrate-another-successful-year [Accessed 27 Apr. 2017]. Emeraldinsight.com. (2017). The quest for the fortune at the bottom of the pyramid: potential and challenges: Journal of Consumer Marketing: Vol 25, No 7. [online] Available at: http://www.emeraldinsight.com/doi/full/10.1108/07363760810915608 [Accessed 27 Apr. 2017]. SciDev.Net. (2017). Social innovation: tackling poverty through social change. [online] Available at: http://www.scidev.net/global/funding/opinion/social-innovation-tackling-poverty-through-social-change.html [Accessed 27 Apr. 2017]. Journals.sagepub.com. (2017). Financing Social Innovation for Poverty Reduction: A Case Study of Microfinancing and Microenterprise Development in Bangladesh - Jun 30, 2014. [online] Available at: http://journals.sagepub.com/doi/abs/10.1177/0971721814529879 [Accessed 27 Apr.

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