This class is aimed to help SDC students to understand the processes underlying social innovation in areas such as for example the voluntary sector, microfinance, or fair trade. As a participant in this course you will be introduced to the theories around the topic of social innovation. You will also gain hands-on experience with the practice of business plan writing, applying the theoretical knowledge acquired. You are expected to identify a real-world opportunity in the form of an innovation that will create charitable or societal benefits, either being developed in the public or private sector. You will then be required to “transfer” that idea into the real world. This will consist of developing a mission statement in which the intended social impact is identified clearly. Furthermore, you will have to identify and describe a business model, determining relevant market segments, income strategies, and financing models. This content will then be assimilated into a specific business plan. The course will be completed with the students presenting their business plans/opportunities.
In the end of the course, the students should be able to:
- Discuss the differences between different theories of social innovation
- Explain how these theories link to social performance
- Define which variables impact the social performance of social enterprises
- Apply the theories to the analysis of social entrepreneurship in a wide range of cases
- Apply class room learning to a specific real-world example for which a business plan has to be prepared and defended