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Mechanisms of Social Value Creation: Extending Financial Modeling to Social Entrepreneurship and Social Innovation
Adelphi University, USA. (IPR (Innovation and Product Realisation))ORCID iD: 0000-0001-6179-8157
Adelphi University, USA.
Adelphi University, USA.
2010 (English)In: International Journal of Society Systems Science, ISSN 1756-2511, Vol. 2, no 2, p. 134-157Article in journal (Refereed) Published
Abstract [en]

We focus on the identification and selection of innovation initiatives that are intended to create cumulative social value. We suggest that a process like discounted cash flow (DCF) is needed, but developing such a process is complicated in the social value context due to a lack of metrics and consistent social value constructs. Taking a dynamical systems perspective and using economic modelling as a guide, we argue that access to resources and information about their future use represent measurable social value. Further, we describe innovation as the recognition and exploitation of patterns in the environment that create social value.

Place, publisher, year, edition, pages
Sweden, 2010. Vol. 2, no 2, p. 134-157
National Category
Engineering and Technology
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URN: urn:nbn:se:mdh:diva-23341DOI: 10.1504/IJSSS.2010.032572OAI: oai:DiVA.org:mdh-23341DiVA: diva2:678594
Available from: 2013-12-12 Created: 2013-12-10 Last updated: 2016-05-16Bibliographically approved

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Hazy, James K.

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