Ethical Innovation in Business and the Economy
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Ethical Innovation in Business and the Economy

Edited by Georges Enderle and Patrick E. Murphy

Innovation has become a buzzword that promises dramatic changes in almost every field of business. Absent from this attention is a serious discussion of the ethical sides of dramatic change. To address this, editors Georges Enderle and Patrick E. Murphy gather a team of experts to fully examine the ethics of innovation within business and the economy in this standout addition to the Studies in TransAtlantic Business Ethics series.
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Chapter 10: Social innovation and social development in Latin America, Egypt, and India

Knut J. Ims and Laszlo Zsolnai


Chapter 10 by Knut J. Ims and Laszlo Zsolnai broadens the perspective on innovative organizations from Western countries to South America, Egypt, and India. In a critique of the so-called ‘devil’s doctrine’ and the ‘economic doctrine’, it presents and analyzes successful ‘social’ innovations that not only serve the interest of commercial markets but also advance social development: the Economy of Communion experiment, the SEKEM experiment and the Aravind Eye Care System experiment. All three innovations distinguish themselves by their particular inspiration, vision, means, and outcome and therefore challenge the worldwide recognized business model of the ‘bottom of the pyramid’ approach by C.K. Prahalad.

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