How to Apply Artificial Intelligence for Social Innovations

Abstract

This study investigates how to apply artificial intelligence for social innovations using two socio-political factors critical for a Behavioral Theory of the Firm (BTF) - uncertainty and conflict. The analysis leads to four approaches for applying artificial intelligence for social innovations such as the agent-based modeling, social entrepreneurship, stakeholder capital, and social contract approaches. The valuation of artificial intelligence in the projects is endogenously created while the social innovators evaluate their environments, goals, and technologies. The study offers step-by-step guidance to assess the performance of and to create implementation strategies for social innovation projects combined with artificial intelligence.