Today, terms such as environmental, social, and governance (ESG), corporate social responsibility (CSR), and an entire alphabet soup of concepts can mean vastly different things to individual organizations and to different people.
New language and an entrepreneurial mindset are required to be able to shift internal and external stakeholder goals and drive stronger results. Every company and context is unique, and at Babson, we work with each individual and organization to find the language that is most resonant and impactful in your business.
Breaking down Social Innovation
The corporate world is undergoing an evolution. There has been a shift from focusing solely on corporate social responsibility (CSR) to a spotlight on corporate social innovation (CSI).
How does CSI differ from CSR?
Traditional CSR |
CSI |
Philanthropic Intent |
Strategic Intent |
Money & Resources |
R&D and Corporate Assets |
Employee Volunteerism |
Employee Development |
Contracted Service Providers |
NGO and/or Government Partners |
Social Services & Eco-Services |
Social and Econ Innovations |
Social Good |
Sustainable Social Change |
Moving from Risk Management to Opportunity Creation
A Toolkit for Effective Corporate Social Innovation
Babson Executive Education has created a toolkit series for future-focused business executives. This Corporate Social Innovation Toolkit stems from over two decades of research and consulting from both Cheryl Kiser and Ken Freitas.
Our Faculty at the Forefront
Within the relatively new field of corporate social innovation, there are a lot of unknowns. Babson Executive Education faculty know how to help individuals and companies develop an entrepreneurial mindset to tackle that challenge. Using our award-winning Entrepreneurial Thought & Action® (ET&A™) methodology, we can help you survey what’s out there and pick the best path forward for your unique businesses. Get research-based processes and support. Stop wondering how to get buy-in and move toward your future social innovations.
Cheryl Kiser
Executive Director, The Institute for Social Innovation & Babson Social Innovation Lab
Ken Freitas MBA’87
Executive in Residence, Institute for Social Innovation
Gina O’Connor
Fischer Family Term Chair in Healthcare Management & Professor, Entrepreneurship Division
Phil Kim
Lewis Family Distinguished Professor in Social Innovation & Professor, Entrepreneurship Division
Wendy Murphy
Associate Dean & Professor, Management Division
Dr. Shakenna Williams ’94
Executive Director of the Frank & Eileen™ Center for Women’s Entrepreneurial Leadership
Anirudh Dhebar
Susan & Gary DiCamillo Term Chair in Teaching Excellence & Professor, Marketing Division
Scott Taylor
Arthur M. Blank Endowed Chair for Values-Based Leadership & Professor, Management Division
Related Articles & Research
Moving from Risk Management to Opportunity Creation
A Toolkit for Effective Corporate Social Innovation
What is Social Impact?
What do you think of when you hear the term social impact?
Social Innovation Cases
Studying real-life examples of social innovation help students see how the principles they’re learning in the classroom are put into practice.
Social Intrapreneurship
A Conversation with Cheryl Kiser and Kevin Thompson
Project ROI
Making the Case for Responsible Business Practices
Social Innovation Training for Your Organization
Customize any of our social innovation programs for your team or organization. Learn more about: