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Unformatted text preview: carry out operational work as they demand high salaries.
5. Ecosystem – Since in most cases the markets are much less developed, there is unavailability of
basic infrastructure to foster development. The CSR initiatives have to organize the entire value
chain end-to-end, which is time consuming, expensive and burdens their business model that
otherwise would have been low-cost.
6. Governance – There is information asymmetry in various public policies meant for promoting
innovation. Further, various innovative ideas fail to get recognized and publicized and many a
times are unable to get government funding for sustenance. This not only leads to inaccessibility
of markets but also inhibits replication of ideas (either in full or in parts) in different regions or
social strata. 15 | H o w s h o u l d y o u m e a s u r e C S R ? References  Web-Links
a. http://www.emri.in/ b. http://innovation.gov.in/
 Sanjeev Kumar, IAS, Jt. Secretary & Project Director Water Supply & Sanitation Department,
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Perspectives, Vol. II, No. 2. A Case Study on Innovative Operationalization of Community
Driven Approach. Pp 57-59. December 2008.
 Mark A. Dutz. Unleashing India’s Innovation towards sustainable and inclusive growth. A
Study by World Bank. Pp 1-23. Edition 2007
 Anuja Utz and Carl Dahlman. Promoting Inclusive Innovation. A Study by World Bank. Pp
105-128. Edition 2007
 Innovation Policy – A Guide for Developing Countries – World Bank Study. May 2010
 Narayana Hrudayalaya: A Model for Accessible, Affordable Health Care? Published: July 01,
2010 in India Knowledge@Wharton
 Ashish Karamchandani, Michael Kubzansky and Paul Frandano (Monitor Group). Emerging
Markets, Emerging Models – Market based solutions to the challenges of global poverty. March
 C K Prahald. Innovation’s Holy Grail. Harvard Business Review. July-August 2010
 Jeff Howe. The Rise of Crowdsourcing. Wired. June 2006, Retrieved in March 2007
 James D. Thompson and Ian C. MacMillan. Making Social Ventures Work. Harvard Business Review. September 2010 16 | H o w s h o u l d y o u m e a s u r e C S R ?...
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- Winter '14