Definitions & Acronyms
Establishing new and better ways of addressing critical social and environmental problems
What is Social Innovation?
A for-profit company that has changed its governance agreements to include stakeholders’ interests and passed a certification standard regarding its company mission and practices.
What are (certified) B Corps?
This organization's comprehensive model creates behavior change through community and the responsibility of job placements
What is TROSA?
Social innovators should use this approach to listen to the people that they are trying to serve
What is Human Centered Design or design thinking?
The formula or recipe for how an innovator creates social or environmental change
What is theory of change (or logic model)?
Otherwise known as MVP
What is Minimum Viable Product?
An acronym coined by the UN that refers to issues material to a company's performance
What is ESG?
This example showed the "good intentions are never enough"
What is Macquerie Island (or plastic bag ban)?
3 dimensions to consider when measuring impact
What are breadth, depth, and who?
Tool that visually illustrates causes and effects of a problem and highlights the relationships between them
What is a problem tree?
There are 17 of these (and name 3)
What are SDGs? (no poverty, gender equality...)
Those that intend to generate positive, measurable social and environmental impact alongside financial return
What are impact investors?
Lyndsay, Durham's Innovation Manager, spoke of this critical Social Innovator skill to maintain momentum
What is storytelling?
Type of financing that only makes sense for organizations that have regular, positive cash flows
What is debt?
In human centered design, you discover > define > __?_ > iterate
What is ideate?
A type of evaluation where there is a control group and a treatment group - often called the "gold standard" of measurement
What is an RCT?
The # of women running Fortune 500 companies in 2023
What are 52?
Juliana talked about how Nike Grind does these two types of recycling
What are closed loop and open loop recycling?
Main tenet of a "Lean Impact" approach that should be applied throughout an organization's lifecycle, not just at the beginning
What is testing and iteration?
An important component of a Theory of Change that help you identify what to focus on testing
What are assumptions?
Cumulative or gross numbers that measure reach but do not take into account the cost to get there or whether it actually worked
What are vanity metrics?
2 of the common drivers of corporate social innovation
What are Regulatory/Legal Risk; Supply Chain Resilience; Talent; Market Opportunities; Brand Loyalty & Reputation?
This organization spun off a systems change effort because "the barriers to solving this problem like cultural issues, custom duties, and supply chain problems, cannot be solved at an enterprise level."
What is VisionSpring (Eyelliance)?
A way in which the public sector can effectively support and scale other innovators
What is financing; regulation; or, serving as a platform?
3 of the 6 conditions of systems change
What are Policies; Practices; Resource Flows; Relationships & Connections; Power Dynamics; and Mental Models