Skip to 0 minutes and 3 secondsIn Week 1 we discussed social innovation which is a new, useful solution to social problems. We also covered social entrepreneurship which enables social innovation to be designed and implemented to make social changes. In Week 2 we discussed how to measure and manage impact, which is the outcome social innovation. We also talked about Theory of Change, which can be used to analyze the process of making impact. In Week 3 we discussed CSR, CSV, and Collective Impact. These concepts would be very helpful when you collaborate with the private sector, mobilizing its resources and expertise to address socialproblems together. This week we discussed impact investing, which will help social entrepreneurs design and implement social innovation to make impact. Hope you enjoyed today’s session.

Skip to 1 minute and 13 secondsNext week we will discuss social business model canvas, which will help you organize your idea and communicate with stakeholders regarding your wonderful solutions. Have a wonderful day and see you soon!

Review and Final Discussion

So far we have reviewed interesting cases of Impact Investing.

In Week 1 we discussed social innovation, a powerful new approach to solving social problems. In Week 2 we discussed how to measure and manage impact, including impact generated by social innovation. In Week 3 we discussed CSR, CSV, and collective impact. These concepts are very helpful when you collaborate with the private sector. Mobilize the private sector’s expertise as well as its human/financial resources, and address social problems together.

This week we discussed impact investing. Even if you have a wonderful idea for solving a social problem, you can’t do much without sufficient resources. Therefore it is vital to mobilize financial resources, and a big part of doing that successfully is understanding impact investors’ perspectives and motivations.

I hope you enjoyed the week. Next week we will discuss the social business model canvas, a framework that can help you figure out how your business will make an impact. Have a wonderful day and see you soon!

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Social Innovation in South Korea

Hanyang University