What Is Social Innovation?
Traditional policy approaches have failed to catalyze significant and lasting change for many complex social problems, such as homelessness, justice involvement and reentry, and educational achievement. Social innovation, which is an iterative, inclusive process that intends to generate more effective and just solutions to solve complex social problems (Beckman, Painter, and Rosen, 2020), provides an alternative to traditional problem solving approaches. The Price Center conducts research on all aspects of social innovation, which offers both new processes and new models for solving society’s most persistent social challenges.
Social innovation uses a flexible, responsive approach built upon an iterative process of concurrent problem identification, design, implementation, and evaluation of pilot programs and other test strategies, with the ultimate goal of diffusing new practices into systems change.
Social innovation includes a wide range of new organizational structures, financial tools, and partnership models that are more effective, equitable, and sustainable than existing problem solving approaches.
Explore a selection of the Price Center’s contributions to the field of social innovation
Outcomes Based Commissioning (OBC) has been suggested as a way to provide ‘more’ social services for ‘less’ public resources. Such commissioning is often linked with an innovative financing tool called a Social Impact Bond (SIB). Using data from the Social Finance UK Database and focusing on SIBs in the US and UK, this paper evaluates whether the SIB approach aligns with the theoretical predictions of social innovation.
Co-production recognizes that truly inclusive community development requires adaptive and enduring processes to address the political and economic power inequalities that shape local decision-making. This paper describes a Coachella Valley-based initiative’s evolution toward a co-production model of community engagement.
Society is full of complex social issues that prove challenging for any single entity to solve on its own. The collective impact framework calls for organizations to work toward a common goal.
Pay for Success (PFS) is an innovative approach to contracting social services that ties payments for service delivery to the achievement of a predetermined, measurable outcome.