Innovation, it seems, is easier said than done. Despite growing interest in applying innovation methodologies to social sector challenges over the past decade, more often than not, philanthropic efforts to support innovation fall short.
That’s because the processes, strategies, and structures that funders need to deliberately seek out and support innovation are often quite different from the ones they use for traditional grantmaking—a lesson many funders learn the hard way.
In our SSIR article “The Re-Emerging Art of Funding Innovation” last year, we highlighted many specific approaches that innovation funders are now using. But we find that many grantmakers still end up falling into one or more “innovation traps”—common mistakes that can prevent them from succeeding as they try to find and fund breakthrough social change.
Read more at the Stanford Social Innovation Review >>
I want to talk to you about “wickedness”–but not the kind of wickedness you’re thinking. Since the 1960s, we’ve had a term to describe public health crises like malaria—and also rising crime, climate change, joblessness, and other persistent ills. They are “wicked problems.” Wickedness isn’t a degree of sheer difficulty. It means the problem springs from many diverse sources, is emergent and shifting, and will never have one right answer.
In a new feature article I co-authored with William Eggers in the 2015 Deloitte Business Trends report we make the case for seeing wicked problems as wicked opportunities. MORE ››
For many years, economic growth in emerging markets has outpaced the development of state and civil society institutions, giving rise to political, social and environmental challenges. But where companies once viewed these challenges as issues to ameliorate through corporate philanthropy, today many of these challenges pose immediate threats to companies’ expansion and long-term success. This is now the case in both the emerging and mature markets that offer the most promising growth opportunities.
Consider the case of Yum! Brands. It derived MORE ››