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08/13/2013 11:37 am ET

Breaking The Binary: Policy Guide To Scaling Social Innovation

World Economic Forum

Breaking the Binary: Policy Guide to Scaling Social Innovation is intended to add a perspective to the global conversation already under way about how we move beyond binary choices in crafting responses to social, economic, and environmental challenges. Fundamentally, it is about leveraging private enterprise and capital for public benefit.

We refer to this as social innovation, which we define as “the application of innovative, practical, sustainable, business-like approaches that achieve positive social and/or environmental change, with an emphasis on low-income or underserved populations.” And while social enterprises do not hold a monopoly on social innovation, they are a critical but under-utilized part of the social innovation ecosystem.

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