Topic 1 What is Social innovation

Social innovation is an innovation that leads to a modification in social relations, involving new methods of doing, managing, understanding, and framing (Avelino et al., 2019).

A social enterprise is an enterprise whose goal is to achieve a social, societal, or environmental impact, instead of increasing profit for its owners or shareholders.

It follows its goals by trading on a continuous basis through the provision of goods and/or services and by reinventing surpluses into obtaining social objectives.

It is managed in a thoroughly liable and translucent way and is self-dependent on the public sector. If disbanded, it should reposition its assets to another organisation in a similar manner (National Social Enterprise Policy, 2019).