Pankaj Deshpande

Renowned architect, inventor, designer, and geodesic dome developer R. Buckminster Fuller once asserted that to effect real change, we must construct new models that render existing ones obsolete. In today's world, rife with crises like climate change, food insecurity, pandemics, poverty, and more, radical solutions that challenge the status quo are imperative. Social innovation in entrepreneurship emerges as a potent tool to drive positive change and address these pressing challenges. Defining Social Innovation Social Innovation is the process of reimagining societal structures to make them conducive for positive and necessary change. This paradigm shift paves the way for innovative solutions to various social and environmental challenges, including: Social Justice Education Environmental Protection Sustainable Development Governance On the other hand, Social Entrepreneurship involves creating products and services in a for-profit business model to address specific social or envi...

Innovation is widely recognized as the key to enhancing productivity, fostering development, and improving living conditions. It generates employment opportunities, generates income, and positively impacts people's lives by creating valuable products and services. Generally, innovation emerges from the deliberate pursuit of advantages, which is acknowledged as the wellspring of innovation. Oftentimes, innovation is mistaken for advancement. While innovation involves creating new things, advancement is focused on designing effective implementation strategies. Throughout history, numerous companies have come up with ingenious innovations or products but failed to bring them to the market. 7 Different Sources of Innovation Here are seven sources of innovation proposed by renowned management guru Peter F. Drucker in his book " Innovation and Entrepreneurship ." The Unexpected  Innovations can occur unexpectedly and by chance. A groundbreaking idea or product can be stumbled u...

Innovation and entrepreneurship go hand in hand. If a company does not position itself – and is established – as a business that changes and follows trends, it may soon close its doors before completing a tenure of 2 years in the market. It would be correct to conclude that an innovative entrepreneur is essential for the survival of the business.  The main point is that many entrepreneurs still don't know how to take the first step. Is it your case? So keep reading and see how to reinvent yourself and, of course, learn how to develop that much-needed profile for any company's success.   What is it to be innovative when we talk about being an Innovative Entrepreneur? No matter what your market niche, if you want to be an entrepreneur, you need to innovate. More than just creating new solutions for the market in which we operate, innovation is widely seen in day-to-day solutions and process improvement, especially problem-solving.  Being innovative is nothing more tha...