SI LIVE Opening Session - Kris Deiglmeier, CEO of Tides

Social InnovationKriss Deiglmeier, CEO

TIDES

Agenda

• Social Innovation – What do we mean

• Social Innovation Drivers and Trends

• Role of Sectors

• Need for Research

Text

Text

The emergence of social as a modifier

Need to do something with

this and the next slide. I

like the stool metaphor, but

this is a poor visual, and I

have not been able to find

a decent stool photo

(surprisingly)

Social Entrepreneurs

The Great Man or

Woman Theory

Social Enterprise

Self-Sustaining

Organization TheorySocial Capital Market

Microfinance

Social Innovation

What do we mean

Social Innovation Definition

A novel solution to a social problem

that is more effective, efficient, or

sustainable than existing solutions

and for which the value created

accrues primarily to society as a

whole rather than private individuals.

SI Drive definition

Social Innovation is a new combination

of social practices in certain areas of

action or social contexts with the goal of

better satisfying or answering social

needs and problems than is possible on

the basis of existing practices.

SI drive: Theoretical Approaches to Social Innovation – A Critical Literature Review [p. 2] September 2014

Criteria differentiation

Innovation Criteria

• Novelty- new to user, context

or application

• Improvement- more effective

or efficient

Social Innovation Criteria

• Sustainable

• Just

• Public Value

Contemporary Social Innovations

Charter

Schools

Microfinance Fair TradeEmissions

Trading

Socially

Responsible

Investing

Social Innovation and

Traditional Innovations

Social

• Socially Responsible

Investing

• Microfinance

• Sustainable

Development

Traditional

• The Internet

• Hydraulic Fracking

• Deep water trolling

Defining the

Problem and

Opportunity

Idea

Generation

Piloting &

Prototype

Diffusion &

Scaling

Stages of Innovation

Case Study – Microfinance

The Problem

Lack of access to:

• formal credit

• financial services

• formal

financial

sector

Idea Generation

1000’s-

1500’s

1800’s 1950’s-

1960’s

• Chit Funds (India)

• Mujins (Japan)

• Esusu (Nigeria)

• Savings Clubs

• People’s Banks

• Credit Unions

• Subsidized Rural

Credit

Piloting & Prototyping

Microfinance 1960’s–

1970’s

1980’s

• Target market poor

women

• Microbusiness

• Group Lending

• 1961- Accion

Venezuela

• 1976- Grameen

Bangladesh

• Failure of

government

initiated poverty

programs

Diffusion & Scaling 1990-present

1990’s 2000’s Present

• Microfinance

Decade

• Nonprofit +

Emergence of

For Profit

• Rise of Non-Bank

Financial

Institutions (NBFIs)

• 2005- UN declared

the year of

microcredit

• 2006- Yunus and

(Grameen)

received the Nobel

Peace Prize

Social Innovation

Drivers &Trends

Commit to

cross-sector

collaboration

Social innovations require

everyone’s involvement.

.

Save The Amazon

Rainforest Organisation

Focus on your

strategic lever

Social innovations grow as

leverage points are identified

and utilized.

Fair Trade Mainstream Markets

Never mistake a

clear view for a

short distance

Social innovations do

not happen overnight.

Source: kdeiglmeier

Idea

Generation

Pilot

Prototyping

Diffusion &

Scaling

Stagnation

Chasm

Social Innovation Continuum

Onlyness is that

thing that only that

one individual can

bring to a situation.

It includes the

journey and

passions of each

human.

It’s not that everyone

will, but that anyone

can contribute.

Nilofer Merchant credit – Onlyness

5 trends for impact – deiglmeier

Social Innovation Trends - Tepsie

mass collaboration

co-production

co-creation

Infinite

computing

ownership

to access

rise of information

business unusual

Social Innovation

Roles of Sectors

What can

civil society do?

• Leverage trust, networks,

and deep customer

knowledge

• Ensure voice of customer

is heard

• Provide long-term thinking

What can

government do?

• Set effective policy,

regulation, and rules

• Provide access to reach

large number of customers

• Raise awareness

What can

business do?

• Leverage assets,

efficiencies, and resources

(Financial, management,

supply chain, etc.)

• Demonstrate rapid action

• Provide flexible funds

Social InnovationNeed for Research

Source: kdeiglmeier

Idea

Generation

Pilot

Prototyping

Diffusion &

Scaling

Stagnation

Chasm

Social Innovation Continuum

Finding solutions to the

Stagnation Chasm

• Broken Capital Markets

• Role of partnerships and alliances

• Types of Leadership

“If we want to build a stronger,

more sustainable world for

future generations, one with

more partners and fewer

enemies, we have to work

together.”

Kriss Deiglmeier

www.tides.org

@tidescommunity

facebook.com/TidesCommunity