Social innovation can take business to another level because there are instances in which regional and national development happen only if barriers of lasting growth are removed and that can enable change of social practices and, at the same time, conditions for the business to thrive. Barriers to lasting growth (e.g. climate change and ageing populations) can only be overcome with the help of social innovation, and partly because of rising demands for economic growth that enhance (rather than damage) human relationships and well being. Thus, business that are involved in this process of social practice change commonly benefit from the rising demand for human relationships and well being.
Change of social practices is necessary but not sufficient for social innovation. For social innovation, there must be a significant dissemination of such changes of social practices, by which: (i) impact must be scaled; (ii) ocial innovation spreads in society; and (iii) social innovation creates social value (Höll, 2022).
In that sense, two definitions of social innovation can be considered:
To illustrate, some examples of social innovation are as follows (based on iVersity, 2022; and Mulgan, Tucker, Ali, Sanders, 2007).