What Are Examples of Social Innovation in Entrepreneurship?
Several successful examples of social innovation in entrepreneurship highlight its potential:
TOMS Shoes: This company operates on a one-for-one model, donating a pair of shoes to a child in need for every pair sold. Grameen Bank: Founded by Muhammad Yunus, this bank provides microloans to the poor, enabling them to start small businesses and improve their livelihoods. Patagonia: Known for its environmental activism, Patagonia incorporates sustainable practices in its business operations and supports various environmental causes.