Social Innovation to Drive Shared Value

Social innovation is becoming a buzzword which is discussed around the world. There’s a surge in attention and government support for social development and social innovation, because it’s seen to be providing effective ways for addressing societal challenges and possible pathways towards more sustainable, inclusive and resilient societies. Today’s global challenges in line with the Sustainable Development Goals – from …

Social capital – its value and how to measure it

The newly revisited concept of social capital is now prominent in several fields of social science. For Next Generation Consultants, the concept became important with the introduction of the integrated reporting framework that requires companies and organisations to report on how their activities either contribute to or diminish capital formation. The International Integrated Reporting Council’s guidance suggests that a company’s …

Creating shared value – because companies cannot succeed in a failing society

Too many companies are still trapped in an outdated approach of focusing solely on short-term financial performance while mostly ignoring the well-being of their customers, the availability of natural resources and the needs of the communities in which they produce, sell and deliver services. It’s no wonder that dismay to the point of aggression has been mounting against big corporates, …

Social innovation: Contributor and driver of future value and capital

Even today, many development practitioners find it hard to prove the value (and the business case for that matter) that social and community development delivers and contributes to the future sustainability of a business. However, because we have proved through impact assessments that measure both the impact (on beneficiaries and investment portfolios or themes) and return on investment for the …