Social innovations can have negative consequences for entire groups of stakeholders.

Question

Quizplus · Accepted Answer

While social innovations often aim to bring positive change, it is possible for certain groups to experience unintended negative consequences. For example, a new technology that eliminates the need for workers in a certain industry may have a negative impact on the livelihoods of those workers. It is important for those implementing social innovations to consider the potential impacts on all stakeholders and mitigate any potential negative effects.

Social Innovations Can Have Negative Consequences for Entire Groups of Stakeholders