MEASUREMENT EFFICIENCY OF SOCIAL INNOVATION

EU policy is aimed at social enterprises, which can at the appropriate time respond to national social problems. Social enterprise and innovation are not the domain of a single entity, but are a result of the continuous interaction between the various elements of the national innovation system. Social innovation and entrepreneurship are processes designed to resolve societal problems with innovative ideas and methods. These processes often occur between the private and public sector and civil society. Measuring social innovation activities and their effect represent one of the main indicators for the promotion of social innovation. This requires the utilisation of quantitative and qualitative measurement instruments that include the social return on investment indices. Measurements focus on the organisations' achieved results. The results in turn, prompt community organizations to review their current situation and assist to detect errors and shortcomings. The aim of this paper is to assess the current state of social innovation in the Czech Republic.