Innovation and Professional Practice Assessment 1.docx - Innovation and Professional Practice Assessment 1 Part A In the workforce innovation and social

Innovation and Professional Practice Assessment 1.docx -...

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Innovation and Professional Practice Assessment 1: Part A: In the workforce, innovation and social innovation play a key role in how successful or unsuccessful a company or firm is within its industry. For many, innovation is considered “the action or process of innovating. Creating a new method, ide or product” ( 2019, WebFinance Inc). This process of creating new ideas, products or things is one of the most important things for any business to consider when looking at the future of their company. This is because without innovation a company’s products may cease to meet the ever-changing market’s needs and demands as the creation and updating of products will continue regardless of the company’s actions. As for ‘social innovation’, this is a more recent idea that involves innovating the product, service, item etc… with the aim of meeting social needs in a better way than any previously created solutions. Although this idea is newer, it is no less important than the first form of innovation, with many companies relying on this to influence their successfulness (J.Caulier-Grice, A. Davies… 2012) . Part B: The Darcy Street Project is an example of an enterprise that has successfully addressed a social issue within our society and tried to make a positive influence on this issue. This social enterprise targeted multiple social issues and aimed to help fix them as best they could. Homelessness, community
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