Smart City in Terms of Social Innovations and Human Capital

Increased dynamics of social processes imposes requirements on innovative approaches and solutions for resolving social problems in contemporary world that exceed the established ways of thinking and acting. A social innovation as a term covers a wide range of activities and tools. The widest definition specifies social innovation as any new strategies, concepts and ideas. The first goal of the submitted article is to identify and define the key features and tools of social innovations. The second goal is to examine usage of social innovations tools and the last aim is to improve working conditions of man, satisfy basic human needs, and ensure continuous and quality education through the proposed social innovations. The most important contribution of the article is to highlight the necessity of human capital in industrial enterprises. Research methods, consist of analysis, synthesis, deduction, induction and comparison, are used in the article.