Social Innovation

Social Innovation Practice Area

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).

So, what is Corporate Social Innovation?

  • It is a strategy that combines a unique set of corporate assets (such as innovation capacities, marketing skills, managerial acumen, employee engagement, and scale) in collaboration with other sectors and firms.
  • It co-creates breakthrough solutions to complex economic, social, and environmental issues that impact the sustainability of both business and society.

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

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.

Meet our Experts

Cheryl Kiser, Adjunct Lecturer

Cheryl Kiser

Executive Director, The Institute for Social Innovation & Babson Social Innovation Lab

Ken Freitas

Ken Freitas MBA’87

Executive in Residence, Institute for Social Innovation

Gina O’Connor, Advanced Education – Inclusive Innovation and Commercialization

Gina O’Connor

Fischer Family Term Chair in Healthcare Management & Professor, Entrepreneurship Division

Phillip Kim, Lewis Family Distinguished Professor in Social Innovation

Phil Kim

Lewis Family Distinguished Professor in Social Innovation & Professor, Entrepreneurship Division

Wendy Murphy, Professor, Associate Dean

Wendy Murphy

Associate Dean & Professor, Management Division

Shakenna K. Williams, MBA, PhD

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

Anirudh Dhebar

Susan & Gary DiCamillo Term Chair in Teaching Excellence & Professor, Marketing Division

Scott Taylor, Arthur M. Blank Endowed Chair for Values-Based Leadership

Scott Taylor

Arthur M. Blank Endowed Chair for Values-Based Leadership & Professor, Management Division

Related Articles & Research

Social Innovation Training for Your Organization

Customize any of our social innovation programs for your team or organization. Learn more about:

What Makes Babson Executive Education Different?

Babson Executive Education offers business leadership programs in six practice areas: strategic innovation, entrepreneurial leadership, inclusive leadership, entrepreneurship, social innovation, and healthcare. We work with organizations and professionals around the world to turn ideas and challenges into opportunities.

Our custom programs for corporations and leadership programs for individuals are about more than theory; they’re about action, and equipping you with the practical tools and strategies necessary to have an immediate impact on your organization or business.

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READY TO TALK NOW?

Tammy Gage
Business Development | Babson Executive Education
+1-781-239-4443
beeinfo@babson.edu