A webinar put on by the Global Innovation Institute (GInI) that is part of the series based on their recently published book “The Other Side of Growth: An Innovator’s Responsibilities in an Emerging World”
Every innovator has, as one of their motivations, the desire to have positive impact in the world. But, in addition to the positive effects that innovations have on their customers and society, they often have unexpected and unintended consequences. This includes being co-opted by their own company, their customers or their competitors that adhere to the Friedman doctrine that the only responsibility companies have is to maximize shareholder profits.
The choices of companies, the innovations they pursue and the effects on society are all connected. As innovators, the question is how we can influence the balance between profits and a deeper purpose that’s needed in today’s world?
This webinar, and the book chapter it is based on, explore these issues and offer some practical approaches for innovators to exert their influence on the innovations they create to ensure that they contribute to long-term, societal well-being.
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