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The Social Innovation Imperative by Sandra M. Bates

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Chapter 5DEVELOP A BUSINESS MODEL

One of the more difficult parts of social innovation comes down to who will fund the development of these great ideas, how will they be priced, and who will purchase them. Is a disruptive business model needed (as well as a disruptive platform), or can the innovation coexist within the platforms and business models of today? Can the job beneficiary afford the solution or will it have to be subsidized by another party? These are all questions that must be answered next in our quest for social innovation. In our vernacular, a concept’s business model describes how the concept will create, deliver, and capture value and how it then gives back to the world. By using a concept, or consuming a product, a reaction takes ...

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