Social and sustainable entrepreneurship

A.A. 2019/2020
Insegnamento per
9
Crediti massimi
60
Ore totali
SSD
SECS-P/08
Lingua
Inglese
Obiettivi formativi
Whether it is ample access to sustainable energy, equitable stewardship of Earth's ecosystems to counter climate change, food security or poverty eradication, entrepreneurship is taking a leading role in the search for sustainable solutions to the most pressing, wicked problems of society. At the intersection of business, government and nonprofits, social and sustainable entrepreneurs are increasingly visible and having an impact on local and global scales.

Building on the most recent advancements in entrepreneurship and innovation for sustainability, the course will provide students with the opportunity to learn how to apply business knowledge and skills to address complex social and environmental problems.

Students will first address the complexity of sustainability, as well as how related challenges are altering the social and competitive arena for companies and organizations, creating new threats and market opportunities. The focus will then move on knowledge and tools to sustain social and sustainable opportunity identification and exploitation. Social and sustainable business planning will be addressed along the stages of entrepreneurial discovery, with a focus on hybrid business models and supportive ecosystems. Moreover, recent advancements in the field of innovation for social change will be reviewed, with a focus on bottom of the pyramid strategies, scaling opportunities, and cross-sector social partnerships.

Intended learning outcomes: Participants in this course will lean what role management students can play at the initiation of social and sustainable change. They will know how to set the boundaries of social and sustainable entrepreneurship and understand the steps through which a typical process for social change unfolds. In so doing, participants will learn a vocabulary for thinking and communication about social and sustainable values. Additionally, students will apply knowledge and understanding to the identification, exploitation and scalability of social and sustainable opportunities.

Struttura insegnamento e programma

Edizione attiva
Responsabile
SECS-P/08 - ECONOMIA E GESTIONE DELLE IMPRESE - CFU: 9
Lezioni: 60 ore
Docente: Vurro Clodia
STUDENTI FREQUENTANTI
Programma
The course consists in the following topics:

1. Introduction to the topic: Starting from presenting current theories and approaches to social and sustainable entrepreneurship, the module aims at creating a common language among participants related to entrepreneurial projects with a strong focus on social change and sustainability objectives. Sustainability challenges are reviewed with a focus on their impact on companies and organizations. The relationship between social and business entrepreneurship is presented, together with a focus on the changing dynamics in the non-profit sector. New legal forms and organizations are presented with an international focus.

1. Planning dynamics and tools: The module focuses on a process-based view of social and sustainable entrepreneurship, starting with opportunity identification and ending-up with opportunity exploitation into a running organizational form. The role of planning in supporting idea refinement for social change and sustainability is presented, with specific regards to the development of a theory of change and a related business model. The specificities of social business plans will be also introduced, with reference to a social start-up.

3. Social impact assessment and maximization: The need for measuring social value creation and sustainability is introduced, both as a forecast before launching a social venture to attract potential resource providers and as an approach to formalize internal mechanisms aimed at making people responsible for the correct use of resources. Attention will be focus on social return on investment analysis. The economic quantification of the social value created will also represent the precondition to maximize mission attainment by informing decisions regarding scaling options.

4. Financial innovations for social change: Finally, innovation in funding strategies for social and sustainable entrepreneurial ventures will be covered. Impact investing and social venture capital will be explored, comparing and contrasting alternative models.
Propedeuticità
To feel comfortable in this course, students should have general background in management, management of innovation, performance management and control systems, organization and business planning.
For MIE students, first year courses are propaedeutic to second year courses.
Prerequisiti e modalità di esame
For attending students
The course is based on active teaching methodologies aimed at maximizing students' participation. In addition to theoretical sessions, all participants will be involved in the discussion of case studies and incidents obtained using real-life examples.

The final grade will consist of the following components:

End-of-term exam: 40%
Group assignment: 50%
In-class assignments: 10%

The end-of-term exam tests the knowledge obtained by attending the classes and studying the required readings as detailed in the syllabus. It will consist of short specific questions (both open-ended and multiple choices).
The group assignment will consist of the development of a business plan for a social start-up dealing with a specific social or environmental problem. Details will be provided in class.
In-class assignments will be developed in groups and based on cases and short exercises.
Metodi didattici
Leveraging on the variety of current experiences and perspectives, theory and practice of social and sustainable entrepreneurship will be articulated throughout the course, combining fact-to-face lectures, guest speaker's talks and company presentations, case studies and incidents, individual and group assignments, and interactive class activities (role playing, business games, simulations).
Materiale didattico e bibliografia
Textbook: Beugré, Constant. Social entrepreneurship: Managing the creation of social value. Routledge, 2016. Details on included chapters and additional materials for attending students (case studies, readings, slides and incidents) will be provided at the beginning of the course on Ariel.
STUDENTI NON FREQUENTANTI
Prerequisiti e modalità di esame
For non-attending students
Written exam to test knowledge obtained studying mandatory readings and additional readings as listed in the syllabus. As for attending students, the exam will consist of short specific questions (both open-ended and multiple choices).
Materiale didattico e bibliografia
Textbook: Beugré, Constant. Social entrepreneurship: Managing the creation of social value. Routledge, 2016.
Details on included chapters and additional materials for non-attending students (case studies, readings, slides and incidents) will be provided at the beginning of the course on Ariel.
Periodo
Secondo trimestre
Periodo
Secondo trimestre
Modalità di valutazione
Esame
Giudizio di valutazione
voto verbalizzato in trentesimi
Docente/i
Ricevimento:
Le date del ricevimento sono disponibili online al link di seguito. E' necessario iscriversi
Ufficio 17, II piano DEMM, Facoltá di Scienze Politiche, Economiche e Sociali, via Conservatorio 7, 20122 Milano