Social Innovation Whitepaper Social Innovation to answer Society†s Challenges  2014 Frost & Sullivan www. frost. com2
will account for 66%of global economic activity and about 85%of global technological and scientific innovation
Powering the global economic growth, urbanisation and expanding populations in a sustainable manner is one of the biggest challenges and
be a driver of economic growth. In fact, investments in high speed rail have been estimated to have potential to add 2 to 3%to countries†GDP
economic growth Communities Communities/users /patients/citizens: increased ownership, engagement and interest Corporations Looking at long-run
For the Southeast to succeed in generating economic growth and creating employment, a sense of shared purpose to create real regional cohesion is a prerequisite.
Supporting tourism as a key driver of economic growth through a coordinated and integrated regional strategy and the development of a strategic tourism vision
and measuring the economic value of festivals and tourism generally To develop Eco-tourism in the region and specifically the opening and operation of the world class Mount Congreve gardens as a major tourist attraction
However during the most recent economic downturn the region has seen a significant drop in construction and manufacturing.
The economic downturn has accelerated this process. Port traffic has gravitated increasingly towards the larger ports in recent years to avail of capacity and economies of scale,
however, because of its dependence on the domestic and British market, the Southeast has been particularly hard hit by the economic downturn, with sharp falls in visitor numbers
and measuring the economic value of festivals and tourism generally, in terms of economic activity generated and jobs created
This strategy will entail convincing Tourism Ireland of the benefit of marketing the Southeast to overseas markets as a distinct brand
and measuring the economic value of festivals and tourism generally To develop Eco-tourism in the region and specifically the opening and operation of the world class Mount Congreve gardens as a major tourist attraction
the economic downturn, as ICT is widely adopted in all corners of society. Experts believe a new wave of big data and
Kalantari 2010) particularly in economic theory (Teese 2010 The plethora of definitions poses significant challenges for understanding the
<paul. david@economics. ox. ac. uk >Understanding the Digital economy's Evolution and the Path of
and, ultimately, prospects for economic growth national security and the quality of life. Not since the opening of â€oethe atomic age, †with its promises of power
pithy) remark made in the summer of 1987 by Robert Solow, Institute Professor at MIT and Economics Nobel
and the divergence of opinion that emerged within the economics profession on this question has persisted,
economic growth. Indeed, most of the labor productivity growth during the interval extending from the 1830's
has been contributing to economic growth in the closing quarter of the twentieth century, except for the fact that
central theme in the business and economics literature on â€oemodern manufacturing†at least since the 1980's. 15
Economic policy Research Publication No. 156, Stanford university, March 1989 Abramovitz, Moses, and Paul A. David, â€oereinterpreting Economic growth:
Parables and Realities, †American Economic Review, vol. 63 (2 may 1973 Abramovitz, Moses, and Paul A. David, â€oethe Rise of Intangible Investment:
The Long-run Perspective, †Stanford Institute for Economic policy Research, Discussion Paper Series No. 99-3 august
Aghion and Howitt, in Elhanan Helpman (ed.),General Purpose Technologies and Economic growth, Cambridge MA: MIT Press, 1998
"Brookings Papers on Economic activity 2: 347-420,1988 Beckett, Samuel, Waiting for Godot: A Tragicomedy in Two Acts, 2nd ed.,London:
Among Firms, †Economics of Innovation and New Technology, 3 (3-4), pp. 183-99,1995
David, Paul A.,â€oeinvention and Accumulation in America†s Economic growth: A Nineteenth Century Parable, †in
Economics,(K. Brunner and A. H. Meltzer, eds. vol. 6, 1977, pp. 179-228 David, Paul A.,â€oethe Dynamo and the Computer:
The Challenge for Economic policy, Organization for Economic Co-operation and Development, Paris, 1991a, pp. 315-48
Griliches, Zvi, â€oecomments on Measurement Issues in Relating IT Expenditures to Productivity Growth, †Economics
Jorgenson, Dale W.,â€oeproductivity and Economic growth, †in Ernst R. Berndt and Jack E. Triplett, eds.
Jorgenson, Dale and Kevin Stiroh,"Computers and Growth,"Economics of Innovation and New Technology 3: 295
Evidence from Government and Private Data Sources, 1977-1993, †Canadian Journal of Economics, 1998
Economics fo Innovation and New Technology, 3 (3-4), 1995: pp. 201-17 Madrick, Jeff, â€oethe Cost of living:
Milgrom, Paul R. and John Roberts, â€oethe Economics of Modern Manufacturing: Technology, Strategy, and Organization, †American Economic Review, 80 (3 june 1990:
Milgrom, Paul R. and John Roberts, Economics, Organization and Management, Englewood Cliffs, NJ: Prentice Hall, 1992
Economic growth Center, Yale university, 1990: pp. 71-80 Norman, Donald A.,The Invisible Computer: Why Good Products Can Fail,
"Brookings Papers on Economic activity 2: 273-318 Pine, B. Joseph II, Mass Customization: The New Frontier in Business Competition, Boston:
and the Productivity Slowdown, †Business Economics 34 (2 april 1999: pp. 13-17 U s. Department of labor, Bureau of Labor Statistics, USDL News Release 98-187, May 6, 1998
Economics of Innovation and New Technology, 3 (3-4), 1995: pp. 277-294
19 september 2013 1 Survey on ICT and Electronic commerce Use in Companies Year 2013 †First quarter 2014
The sample was designed to offer results by branch of economic activity and by Autonomous Community As regards Electronic commerce, any transaction carried out through telematic networks is
doctoral and postdoctoral research in Romanian economics science domainâ€
SOCIAL INNOVATION THEORY AND RESEARCH A Guide for Researchers TEPSIE deliverable no: 1. 4 Printed December 2014
economics, size, age, field of activity, actors involved, etc. on which to base further research
The Cultures of the Economic crisis Oxford university Press: Oxford, UK 2. TEPSIE, †Doing Social Innovation:
The Case of the Economic crisis and the New Economy, TRANSIT working paper, TRANSIT: EU SSH. 2013.3.2-1 Grant agreement no:
economic growth, both developed and developing coun -tries are interested very in ï nding ways to stimulate SMES
considered to be the engine of economic growth and employment. One of the primary means through which
businesses contribute to economic growth, numerous research studies were conducted to determine which factors positively impact SME€ s innovative efforts.
Institute of Economics, Trg J †450 ovativeness in an emerging conomy jiljana Bozë icâ
Small Business Economics 13 (3), 219†234 Davenport, S.,Bibby, D.,1999. Rethinking a national innovation system
Technology†Economics, 31 march 1988, The hague Forrest, J. E.,1990. Strategic alliances and the small technology-based
long-term economic growth and prosperity. Some of these arguments can be traced back to economists like Joseph A. Schumpeter (1883-1950) and Karl Marx (1818-1883.
6. Athens University of Economics and Business, Greece gstamoul@aueb. gr 7 Digital Enterprise Research Institute, Ireland
-quences, and by enabling novel low-impact economic activities, such as virtual indus -tries or digital assets.
any sort of economic activity (here networking in the areas of Internet-based and telecommunications-based communications for a variety of lower-level network/tele
-economics domain, has shown that the interest of such cross-disciplinary work and its relevance increases slowly.
1 Athens University of Economics and Business, Athens, Greece 2 AGH University of Science and Technology, Krakow, Poland
2 Athens University of Economics and Business, Greece {kanakakis, alexkosto}@ aueb. gr 3 Aalto University, School of Electrical engineering, Finland
Journal of Political Economics 94, 822†841 (1986 6. Joseph, D.,Shetty, N.,Chuang, J.,Stoica, I.:
1 Athens University of Economics and Business, Greece ckalog@aueb. gr, courcou@aueb. gr, gstamoul@aueb. gr
Instances of this tussle pattern have their roots in economics and thus are resolved typically through the process of economic equilibrium or
â€oeinformation asymmetry†in the economic theory literature. This imbalance of power can sometimes lead to â€oemarket failuresâ€,
The ETICS project (Economics and Technologies for Inter-Carrier Services) 8 studies a repurposing tussle arising
Economics, Technology and Modeling. Wiley, Chichester (2003 7. CRAMM: http://www. cramm. com (accessed December 1, 2010
Economics of In -formation Security and Privacy, pp. 121†167. Springer, New york (2010 4. Bussard, L.,Neven, G.,Preiss, F. S.:
Economics of Information security, Advances in Information security, vol. 12, pp 129†142. Springer, New york (2004 10.
seen as an economic activity where generally no transfer of ownership is associated with the service itself and the benefits are associated with the buyers†willingness to
Knowledge, Economics and Organization. In Mansell (ed.),The Information Society, Critical Concepts in Sociology, Routledge (2009
modern (ICT) communication infrastructure fuel sustainable economic growth and a high quality of life, with a wise management of natural resources, through participa
All city economic activities and utilities can be seen as inno -vation ecosystems in which citizens and organisations participate in the development
Marketing and Economics, 2008, Vol. 6, Issue 2, pp. 109-137 14. Hirschman, E. C. and M. B. Holbrook (1982), â€oehedonic Consumption:
Demand, †Quarterly Journal of Economics, 64 (May), pp. 183-207 24. Luo. L, Ratchford, B,
Journal of Knowledge management, Economics and Information technology 409 Special Issue December 2013 The Impact of Innovation in Romanian
Economic growth Development Author: Oncioiu Ionica, Titu Maiorescu University Bucharest ionicaoncoiu@yahoo. ro, Romania Small firms are big business in the aid of economic development.
the economic activity because knowledge tends to be developed in the actual contexts. Technical progress leads to innovation waves and
play an important role in the economic growth development and are increasingly recognized as having a permanent role as a seedbed for future
Enterprises on Economic growth Development 410 Special Issue December 2013 Introduction Given the importance of SMES in their world,
effective participation in economic activities in or involved. The substance of this upgrade though is situated in a great range of
Enterprises on Economic growth Development 411 Special Issue December 2013 concept. The new business concept is conceived from the current state of
Enterprises on Economic growth Development 412 Special Issue December 2013 higher. Therefore, when engaging in research,
Enterprises on Economic growth Development 413 Special Issue December 2013 the innovation in a transition economy, as Romanian is?
Enterprises on Economic growth Development 414 Special Issue December 2013 reasons of the emergence of companies in specialized exchange economy
progress, and economic growth. At the same time, most small businesses that constitute the core of the economy do not innovate.
Enterprises on Economic growth Development 415 Special Issue December 2013 Lankhuizen and Woolthuis 2003, Rothwell 1986,1994.
Enterprises on Economic growth Development 416 Special Issue December 2013 maxims of scientific method: construct validity, internal validity and
SMES in strategies of development economic activity Results This study analyses the quantitative and qualitative results of
Enterprises on Economic growth Development 417 Special Issue December 2013 4 Pattern not evaluated 36 6, 10%1
Enterprises on Economic growth Development 418 Special Issue December 2013 Thus, despite the economic reform, small and medium
Enterprises on Economic growth Development 419 Special Issue December 2013 the crisis, and the winners will be those who will be able to make
businesses represent the engine of the economic growth and a vector for disseminating the research and development results.
Enterprises on Economic growth Development 420 Special Issue December 2013 more economic growth, employment, a better balance of payments
improve the labor conditions References 1 Biatour, Bernadette and Kegels, Chantal and Vandecandelaere Siska, Le financement public dc l†mnnovation:
Small Business, Small Business Economics Vol. 16 No. 1 february pp. 31-35,2001 6 Iacob Kerlek Ši colectiv, Economia à ntreprinderii, Editura
Enterprises on Economic growth Development 421 Special Issue December 2013 11 Soete, Luc a o.,Eindrapport van de Expertgoep voor de
Enterprises on Economic growth Development 422 Special Issue December 2013 26 www. cnipmmr. ro 27 www. europa. eu. int
tend to be and thus more rapid economic growth (Florida 2002. Further, knowledge has been tied to the development in the number of SMES in economies (Petrakis and
Such conditions aided in the establishment of economic systems sup -portive of innovative capacity and knowledge-based competencies,
Small Business Economics, 38 (1), 85†101 Kirzner, I. 1979. Perception, opportunity, and profit. Chicago:
economic growth, men, women, and minorities. Westport Quorom Books Rigby, D, & Zook, C. 2002). Open-market innovation.
Small Business Economics, 6 (5), 327†347 ation-entrepreneurship. com/content/2/1/14 doi:
Bell Journal of Economics, 10: 92†116 Griliches, Z. 1990) Patent statistics as economic indicators:
SMES typically act as catalysts of economic growth and the scarce literature on OI in SMES indicates that small firms engaging in OI practices are more
SMES are viewed as drivers of economic growth and development as they account for over 90%of all businesses in most economies (Brunswicker and Van de Vrande, 2014
only account for about 49%and 54%of the total economic value added, respectively EC, 2014. In terms of innovative performance,
viewed as important drivers of innovation and economic growth in developing economies Peng, 2001; Pfirrman and Walter, 2002;
they do not generate a correspondingly high share of the total economic value created by firms of all sizes in Hungary and Romania (EC, 2014.
Eastern European Economics, 33,38-75 Brown, J. D.,Earle, J. S. & Lup, D. 2005.
Small Business Economics, 41,537-562 Uzkurt, C.,Kumar, R.,Kimzan, H. S. & Sert, H. 2012.
The financial and economic crisis makes creativity and innovation in general and social innovation in particular even more important to foster sustainable growth
has suffered the worst financial and economic crisis in decades with unemployment set to rise to double digit figures by 2010.
current financial and economic crisis makes social innovation more important than ever, both as a component of economic strategies to build Europe†s
competitiveness and economic growth in the long term Challenges facing Europe These social and environmental challenges come under six broad headings
•Economic growth-restarting economic growth and ensuring long -term sustainability and competitiveness for the future. In 2009, GDP
The financial and economic crisis together with these social challenges forms the backdrop to current discussions about building on the achievements of
The Lisbon Strategy played an important role in stimulating economic growth and creating jobs across Europe.
The Stern Review on the Economics of Climate Change brought to the fore the costs of inaction on global warming. xix
social challenges must go hand in hand for sustainable economic growth in Europe This is recognised in the new European strategy, EU 2020,
draws from economics (especially around public finance; management studies (especially in the US; business and technology innovation (especially
Schumpeterian economics provided a frame in which a critical role is played by individual entrepreneurs engaged in risk and innovation
social or economic system. Even public sectors which by many standards are highly inefficient, will have built up their own logic †like the military bases in
A recent evaluation by the New Economics Foundation (NEF) concluded that the SSE€ s learning programme has been highly successful:
and Economics and the Internet of the Future. Workshops will be run to enhance co-creation of ideas and services
has on economic growth and productivity, (2) a tool to understand innovation at the firm level that captures †hidden innovation†and
•Equally common are methods (drawing on economics) which seek to monetise social value by asking people what they would pay for a service
coming from economics focus on the choices people have made actually in related fields (†revealed preferenceâ€
environmental economics has spawned methods for measuring everything from wetlands to emissions, usually using a combination of
iv Nicholas Stern (2007) The Economics of Climate Change: The Stern Rev iew, London: HM
xixn Stern (2007) The Economics of Climate Change: The Stern Review, London: HM Treasury Available at:
(and in economics to offer a synthetic theory of growth. However, all theories of this kind are based on a simple error
Even within economics, overarching theories of change and growth have not fared well compared to more modest theories focused on such
lxxxv New Economics Foundation, †School for Social entrepreneurs: nef evaluation report†London, 2006. Available at
Deming, E w. 2000) †The New Economics for Industry, Government, Education. †2nd ed Cambridge, MA:
such as the New Economics Foundation and Forum for the Future 80) Design labs. In Finland, the national innovation agency SITRA has set
what the economics look like, and how it could be made cheaper. The driving principles at this stage are speed,
211) Revealed preference methods come from the field of economics and focus on the choices people have made in related fields in order to
They are one of the reasons why economics has found it hard to understand innovation without a substantial dose of sociology added in
Economics, and the Catholic University of Leuven. There is also the Poverty Action Lab at MIT which tests out alternative interventions
hand †that most distributed of economic systems †generates ideas but on its own lacks the capital, surplus time,
economic growth of the past three decades. More recently there have been experiments in health insurance in Chongqing, and democratic
fit the economics of social businesses Legislation and regulation Governments shape the conditions in which social entrepreneurs, businesses
New Economics Foundation (NEF) 49 New Philanthropy Capital 171; 175 New York†s Open Book 154
To be presented at the 11th International Conference of the European Society for Ecological Economics ESEE), 30 june-3 july 2015, Leeds, UK-http://esee2015. org
Ecover, Puma) addressing tensions between economic growth and environmental health and human wellbeing However, we argue that even a sustainably
continuously evolve aimed at fostering local economic growth through networked nodes of innovation This objective could be achieved by developing an innovative evolving generic
contributing to economic growth and job creation see, for example Startx, Stanford†s student start-up accelerator, which in less than a year
Research Agenda in key industrial areas for Europe's competitiveness and economic growth http://cordis. europa. eu/technology-platforms/.
firms that also outsourced economic activities abroad caused a financial crisis and a policy-making dilemma of whether to continue to support a relatively small group of
-1980s to understand innovation and economic growth in evolutionary systems where institutions and learning processes are of central importance (Freeman, 1987,1988;
For example, we know that economic downturn and political crises are a major catalyst for the creation of the Consensus space,
Journal of Evolutionary Economics 1, 93†118 Carlsson, B.,Jacobsson, S.,Holmã N m.,Rickne, A. 2002.
Paper for The Elgar Companion to Neo-Schumpeterian Economics (downloaded on 9 april 2012 from http://faculty. weatherhead. case. edu/carlsson/documents/Innovationsystemssurveypaper6. pdf
Journal of Industrial Economics 35, 543†563 Cooke, P. 1996. Regional Innovation Systems. UCL Press, London
Economics of Science: From Metaphors to Organizational Behaviours, in: Gambardella, A Malerba, F. Eds. The Organisation of Innovative Activities in Europe.
economic theory, Pinter Publishers, London Edquist, C. 1997) Systems of innovation approaches†their emergence and characteristics
From Innovation Emergency to Economic growth. Innovation Lecture, The hague, 26 march 2012 (downloaded on 8 april 2012 from
Harnessing technology for economic growth, National Academy Press, WASHINGTON DC, pp. 275-305 Kuhlmann, S. 2001. Future governance of innovation policy in Europe†three scenarios
Dosi, G. Ed.)Technology and Economic theory Pinter Publishers: London Lundvall, B.-Ã. 1992 (Ed.)National Systems of Innovation.
Cambridge Journal of Economics 23,167-185 Mason, C. and Harrison, R. 1992. Strategy for closing the small firms finance gap, in
mainstream economics is abandoned. Likewise the resource-based view, the evolutionary approach stresses the significance of firm†s unique technological
of transaction-cost economics loses its relevance as in-house R&d and external information are not substitutes but complements.
econometric analysis at the firm levelâ€, Economics of Innovation and New Technology Vol. 7 No. 2, pp. 115-58
Small Business Economics, Vol. 30 No. 3, pp. 215-29 Fiet, J. O.,Norton, W. I. Jr and Clouse, V. G. H. 2007), â€oesystematic search as a source of technical
firmsâ€, Small Business Economics, Vol. 15 No. 1, pp. 59-71 Littunen, H. and Virtanen, M. 2009), â€oedifferentiating factors of venture growth:
Soete, L. Eds), Technical Change and Economic theory, Pinter, London, pp. 349-69 Lundvall, B-AË.
Italian manufacturing sectorâ€, Economics of Innovation and New Technology, Vol. 17 No. 4 pp. 311-29
R-01/1997, Studies in Technology, Innovation and Economic policy (STEP), Oslo, May Nelson, R. R. Ed.)(1993), National Innovation Systems:
and evolutionary and institutional economics. Miika Varis can be contacted at: Miika. Varis@uef. fi Hannu Littunen, after graduating from the University of Jyvaâ skylaâ,
University of Jyvaâ skylaâ, School of business and Economics, Centre for Economic Research Finland, and a professor of entrepreneurship and regional development at the Department of
Business Economics, Journal of Small Business and Enterprise Development, Entrepreneurship and Regional Development, Family business Review, Finnish Journal of Economics, and Academy
of Entrepreneurship/International Journal of Entrepreneurship. Prior to starting work at the University, he worked in various organizations in both public and private sectors in Finland.
Economics of Innovation and New Technology 1-19 Crossref 2. Haim Hilman, Narentheren Kaliappen. 2015.
Agricultural and Food Economics 3, 10. Crossref 9. Hans LÃ fsten. 2014. Information Structures and Business Performance-Implications for Technology
worst economic crisis since decades. After the first four years of the strategy the need for
Whilst public investment might be needed to stimulate economic growth, the political will to tear down the remaining barriers to the European Single Market would also have a positive
quality, integration, economics, and professionalism At the third level, these criteria are decomposed into several sub-criteria that
System Function Service Quality Integration Economics Professionalism Usefulness Ease of use Accuracy Tangibles Reliability Security/Privacy
Ghose et al. 28 which explores the difference in economics between the two settings, focusing on the relevance of ranking
2. Portfolio management (incl. business cases, information economics, ROI payback 3. IT budget control and reporting
economics, as the term appears for the first time in the literature in an article dated 1957 1 and, subsequently, in 1960 2. Moreover, we can argue that this concept
however, only a simplified model of the real economic system in which entrepreneurs and managers need to consider the crucial points such as
economic value Technology; structure of the value chain; mechanism that generates economic value Venkatram and Henderson 1998 23
A strategy that reflects the architecture of a virtual organization along three primary vectors: interaction with clients
transformed into economic value. The centrality of the business model can be defined through the two following core processes any company is necessarily
the process of economic value appropriation. A profitable and sustainable business model must articulate not only the operations
the productive processes of economic activities they touch and producing a dif -ferent distribution of wealth compared to the situation before their introduction
using the terminology of economic theory these products are characterized by high fixed costs and low marginal costs.
the output of R&d in economic value, not only through the direct marketing of ideas and technologies,
Economic growth is increasingly related to the capacity of regional economies to change and innovate. Regions and cities have become the primary spatial units where knowledge is transferred,
Sustainable economic growth is increasingly related to the capacity of regional economies to change and to innovate.
innovation and development delivering high quality sustainable economic growth. Further strengthening and investment in the research and innovation infrastructure and capacity within the South East Region is critical to its future.
which have the potential for regional economic growth particularly the sectors of ICT, biopharmaceuticals and advanced manufacturing.
WIT€ s research and innovation model has proven its ability to create real economic growth. Investment is required now to scale the model across the Region accelerating its economic impact
The Centre aims to promote regional economic activity, through the creation of a strong applied research base
The Centre for Enterprise Development & Regional Economy (CEDRE) at the School of business in WIT plays a major role in WIT€ s mission to be a major contributor to the economic growth and development of Ireland†s
Turning an innovative idea into economic activity creates companies, economic growth and jobs. However, the entrepreneurial life cycle is designed not to end at the
successful scaling of a venture. The goal of a healthy and robust entrepreneurial ecosystem is to foster serial
Increased demand for collateral after the economic crisis restricts access to bank loans for entrepreneurs The European Small Business Finance Outlook 2013 and
the financial and economic crisis continues to impact capital supply by influencing financing conditions. In particular greater demand for collateral by banks has made it more
key focus areas in the Finnish government†s economic policy. Most of the economic policy measures that the government
takes include the aspect of supporting innovation. Forty-six per cent of all Finnish enterprises had innovation activity
time, on an economy-wide scale, innovation has contributed as much as 70%to the UK€ s economic growth.
Various forms of women-led economic activity are important to the growth agenda But the greatest impact could be delivered by increasing the number of women
for sustainable economic growth Clayton Christensen, Professor of Business Administration, Harvard Graduate school of Business Administration It†s time for a fundamental change of
of economic growth, innovation and technological progress, they have brought much good to humanity. But as the financial crisis of 2008 has demonstrated, large
that harness â€oeswarm Economics, †with hundreds of thousands of individuals coming together to solve the highest value problems, animating the notion that
Economics, Grenoble Graduate school of Business France, and Instructor, Harvard university Extension School, USA Olaf Groth, Professor for Global Strategy, Innovation
Management and Economics, HULT International Business school, USA 53fostering Innovation-driven Entrepreneurship in Europe The transition to this scenario has occurred in
1. The entrepreneurial life cycle is defined here as including the factors influencing an individual to turn an idea into economic activity or
Diedrichs, E. 2013), Do SMES lose their appetite for innovation during the economic crisis? Blog on Innovationmanagement. se
Management and Economics, HULT International Business School, USA Mark Esposito, Associate professor of Business and Economics, Grenoble Graduate school of Business, France
and Instructor, Harvard university Extension School, USA Survey partners JA-YE Europe Caroline Jenner, Chief executive officer Elina Konstantinou, Director of Communications
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