This information is for the 2019/20 session.
Teacher responsible
Mr Stephan Chambers Marshall Institute, 5 Lincoln's Inn Fields
Availability
This course is compulsory on the Executive MSc in Social Business and Entrepreneurship. This course is not available as an outside option.
Course content
This course focuses on three critical aspects of social business: entrepreneurship; social finance; accounting for social return. It focuses on both existing organisations and start-ups, as vehicles for social change. It aims to support ‘intrapreneurs’ as well as entrepreneurs. Its purpose is to bring students’ understanding of the worlds of opportunity and venture into clear organisational focus. It begins to sensitise students to the challenges of starting and running mission-based organisations, explores established vehicles for combining social and commercial purpose, and looks in detail at the various mechanisms for funding (impact finance, social finance, grant finance).
Students will be introduced to the main elements of entrepreneurial planning including opportunity identification and evaluation, rapid prototyping and resource-gathering. They will be introduced to the business model canvas and ideas of lean start-up as well as the varieties of financing available to social ventures. They will examine ways of accounting for social value as the second and third bottom-line, and a view of managerial reporting as value-laden. Critiques of over-simplified, heroic or ‘solutionist’ models will be explored, as well as to both market and non-market critiques of social returns on investment.
The course draws on the literature of entrepreneurship, social entrepreneurship, social finance and social accounting.
Teaching
There will be ten integrated lecture/seminars of three hours each, delivered across two modules.
Formative coursework
A practice coursework assignment midway through the course.
Indicative reading
Assessment
Essay (70%) and coursework (30%).
Assessment will be through an individual essay (70%) and group coursework (30%).
Key facts
Department: Management
Total students 2018/19: Unavailable
Average class size 2018/19: Unavailable
Controlled access 2018/19: No
Value: Half Unit
Personal development skills