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Sustainable oriented innovation:
Making intentional changes to an organizations philosophy and values, as well as to its products, processes or practices to serve the specific purpose of creating and realizing social and environmental value in addition to economic returns.
Shared value creation:
The practice of creating economic value in a way that also creates value for society by addressing its needs and challenges.
Circular economy:
Closed loop production system, where resources are reused and kept in a loop of production and usage, generating more value for a longer period.
Linear economy:
Take make and disposal, a open ended economy model developed with no built in tendency to recycle, environment is a waste reservoir.
Social entrepreneurship:
Process of combining resources in innovative ways for the pursuit of opportunities for the creation of both social and economic value that manifest in new initiatives, products or organizations.