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Management article
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Reference no. ROT243
Published by: Rotman Management Magazine
Originally published in: "Rotman Management Magazine", 2014

Abstract

Most of the time, the world moves forward in tiny increments, as individuals and organizations hone and refine existing models: governments modify their services in hopes of producing better results, and businesses bring out the next generation of their existing products and services. But every once in a while-backed by revolutionary thinking-the world moves forward in a huge leap to a fundamentally new equilibrium. The authors show that over time, such paradigm shifts have been driven by two entities: government policy innovation and business entrepreneurial creation. But a third driver has emerged between these two poles: social entrepreneurship. The best part: social entrepreneurship makes possible equilibrium shifts that neither government or business could achieve on their own.

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Abstract

Most of the time, the world moves forward in tiny increments, as individuals and organizations hone and refine existing models: governments modify their services in hopes of producing better results, and businesses bring out the next generation of their existing products and services. But every once in a while-backed by revolutionary thinking-the world moves forward in a huge leap to a fundamentally new equilibrium. The authors show that over time, such paradigm shifts have been driven by two entities: government policy innovation and business entrepreneurial creation. But a third driver has emerged between these two poles: social entrepreneurship. The best part: social entrepreneurship makes possible equilibrium shifts that neither government or business could achieve on their own.

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