By Satyajit Majumdar, Samapti Guha, Nadiya Marakkath
Tension exists among technologists and social thinkers a result of impression expertise and innovation have on social values and norms, that is usually considered as harmful to the cultural cloth of a kingdom or society. because the international company atmosphere is the context during which implementation of know-how and innovation happens, it really is broadly permitted because the significant reason behind such conflicts. during this backdrop, this edited ebook integrates self sufficient learn from around the globe. It offers with the character and importance of know-how, innovation and social swap in addition to the relationships among them, and discusses the importance of social entrepreneurship from social innovation and expertise perspectives.
Research components coated are relating to the advance and deployment of expertise, innovation and data in social switch, services of associations, versions, position of presidency and company social accountability and group involvement. a number of elements of social swap are mentioned within the context of India, Mexico, Thailand, Cambodia, Laos, Vietnam, Ethiopia, Nigeria and different African international locations. yet society doesn't silently settle for technologically enforced adjustments; occasionally know-how is visible as an enemy of inclusive progress and for lots of, fiscal improvement is an anti-thesis of social swap. chosen case stories on sector-specific applied sciences, corresponding to using genetically transformed seeds in agriculture, which has impacted the marketplace and society, are significantly analyzed to improve insights into the adoption of know-how and its impression. whilst it examines coverage comparable concerns, with none bias in desire of, or opposed to, a particular technology.
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Later, under the formal route, there were also Non-Banking Finance Companies (NBFCs) acting as private microfinance institutions (MFIs) which provide microfinance services on their own or through bank on-lending models. These NBFCs are formal financial intermediaries governed by RBI. These two formal players believe in providing minimalist microfinance services to poor and MEs. They also provide some minimum welfare services but their main focus is on providing financial services like loans and savings.
1 N. Choi and S. Majumdar Social Innovation as Social Change For some researchers, social innovation is synonymous to social change. In this case, the term social innovation does not point to specific novel products or services which induce social change, but to social change itself which manifests in changing social structures. As Nicholls and Murdock (2012) state, ‘innovation’ implies not only novelty but also a sense of renewal. It is this notion of renewal which gives rise to the use of social innovation for describing ‘processes of social change and social transformation of society as a whole’ (Caulier-Grice et al.
Choi and S. Majumdar Social Innovation as Social Change For some researchers, social innovation is synonymous to social change. In this case, the term social innovation does not point to specific novel products or services which induce social change, but to social change itself which manifests in changing social structures. As Nicholls and Murdock (2012) state, ‘innovation’ implies not only novelty but also a sense of renewal. It is this notion of renewal which gives rise to the use of social innovation for describing ‘processes of social change and social transformation of society as a whole’ (Caulier-Grice et al.