Abstract
This article aims to provide a transaction-based approach to social innovation based on the three modes of transaction coordination and governance as identified by Powell. We produce a grid that explains how social innovation can be implemented in the market, in hierarchies or in networks. This work makes a number of theoretical contributions. First, it provides an integrative framework of social innovation that is firmly rooted in organization theory. Second, we introduce two new concepts: social entrepreneurship orientation and the social innovation ecosystem, believing that these concepts can contribute to a better understanding of the field of social innovation in the context of sustainable development.
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