Chapter 2: Entrepreneurship and innovation: a focus on societal impacts

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Chapter 2: Entrepreneurship and innovation: a focus on societal impacts by Mind Map: Chapter 2: Entrepreneurship and innovation: a focus on societal impacts

1. Entrepreneurship/Innovation

1.1. Reducing exclusion

1.2. Radical innovations

1.2.1. governed/directed

1.3. Solutions to social & environmental challenges

1.3.1. larger corporations

1.3.2. 'triple bottom line' idea

1.3.2.1. environmental and social value

1.3.2.2. Sustainability

1.3.2.2.1. sustainable tourism

1.3.2.2.2. consumption

1.3.2.2.3. agriculture

2. Societal Impacts of Business

2.1. SME'S

2.1.1. Identifying solutions

2.1.1.1. Negative impacts

2.1.1.1.1. Unwanted costs on society

2.1.1.2. Positive impacts

2.1.1.2.1. creation of jobs

2.1.1.2.2. income

2.2. Generating positive impacts

2.2.1. Societal impacts

2.2.1.1. local communities (developing countries)

2.2.1.1.1. responding to increasing needs of weak categories of people

2.2.1.1.2. diffused societal challenges

2.2.2. Environmental impacts

2.2.2.1. innovative solutions

2.2.2.1.1. improve conservation of natural resources

2.2.2.1.2. reduce the production of waste and pollution

2.2.2.2. positive environmental impacts - MAIN AIM

2.2.3. Economic impacts

2.2.3.1. generation of wealth

2.2.3.1.1. accumulation of quality jobs

2.2.3.1.2. investors point of view - profit generation

2.2.3.2. Investor-centric business

2.2.3.2.1. reward entrepreneur/shareholder for bearing the risk

2.2.3.3. socially orientated enterprises

2.2.3.3.1. profit not main aim, but will determine sustainability

3. Societal Challenges

3.1. Unidentified unresolved problems

3.1.1. reduce the wellbeing of specific groups of the population/society more broadly

3.1.2. falling into the realm of public policy

3.1.2.1. address

3.1.2.1.1. health

3.1.2.1.2. education

3.1.2.1.3. urban & rural generation

3.1.2.1.4. culture

3.1.2.1.5. immigration

3.1.2.1.6. inequality

3.1.2.1.7. business development issues

3.1.2.2. UNITED NATIONS 'sustainable development goals (SNG)

3.1.2.2.1. eliminate poverty, economic, social & environmental dimensions of sustainable development