***UPDATED for 2023/24***
From M. Yunus' Nobel prize in 2006 to E. Duflo, A. Banerjee and M. Kremer ‘s Nobel prize in 2019, from the EU social business initiative in 2010 to the 2023 UN resolution on social economy, from Acumen, Symbiotics to Mirova, social innovation is becoming a key model to address the current complex social and environmental challenges.
A growing body of literature and experience suggests that social innovation and social ventures offer new answers to local societal demands, develop cross-sector collaboration and enhance capacities for social change.
The course aims at:
- Providing tools to analyze the concept of social innovation, its background and evolution, its key pillars of success
- Providing tools and best practices to create and develop social ventures
- Use social innovation and social entrepreneurship to analyse key topics such as : circular economy, digital social innovation, inclusive value chain, impact investing, climate change and ecopreneurship, inclusion and poverty alleviation, collective impact
The course will give an international perspective, based on experiences in every part of the world. Each session is organized in 2 parts: a first part dedicated to fundamentals, tools and methodology in social innovation and entrepreneurship and project management; a second part based on field experiences, specific exercises and case studies to apply the knowledge developed in the first part.
It will give the students analytical and strategic skills. The students shall also develop tools and methodology in project management (theory of change, impact business plan, impact management and measurement, partnership management) to develop and scale up social enterprises and social innovation.
The course also allows to work at a strategic level for a social venture (team work), which will give a first professional experience in the social innovation and social entrepreneurship sector.
Learning Outcomes
1.Build knowledge and understanding of the history, the diversity and key pillars of social innovation and entrepreneurship, through research and analysis
2. Apply tools and good practices to develop social innovation and social venture, through theory of change design and impact business model canvas, scaling up strategies, financing, management and governance
3. Analyse and measure innovative solution, through needs analysis, problem understanding and financial and social performance measurement
4. Understand the social innovation eco-system and the cross sectors collaboartion
Professional Skills:
• Creative thinking and entrepreneurial spirit through analysis of social venture model
• Leadership and Management , team management, through team work on strategic projects and case studies
• Basic finance and basic project/venture management through strategic project and cases studies analysis
• Understanding stakeholders and Needs analysis, through case studies and essay