Ashoka on ingredients for social intrepreneurship

We found a recent Forbes article on social intrepreneurship and changemaker companies interesting.

According to Ashoka, a changemaker company, one that is inclusive, adaptive and agile, is the "good soil" that is needed for social intrapreneurship to succeed. A changemaker company is a corporate ecosystem that nurtures new ideas, enables connections with external networks of co-creators, and allows for all employees to understand, recognize and engage in social innovation.

The changemaker company, Ashoka argues, incorporates the following three components:

  • A strong mandate and executive alignment towards creating social value, coupled with institutional infrastructure that prioritizes training and talent development needed for social innovation;
  • Integration of social impact objectives directly into corporate strategy, addressing the "charity" stigma associated with social good initiatives that generate revenue; and
  • Professional development and social impact engagement opportunities offered to employees at different levels of the organization, which include training in problem solving, empathy, innovation, resilience and creativity.

What are your thoughts -- are there other requirements for companies to be changemakers and/or foster social innovation? What about the role of sustainable performance?

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