MG4H1E Half Unit
Foundations of Social Business I
This information is for the 2020/21 session.
Mr Stephan Chambers Marshall Institute, 5 Lincoln's Inn Fields
This course is compulsory on the Executive MSc in Social Business and Entrepreneurship. This course is not available as an outside option.
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.
There will be ten integrated lecture/seminars of three hours each, delivered across two modules.
A practice coursework assignment midway through the course.
- Allman, Keith A. and Ximena Escobar De Nogales (2015). Impact Investment: A Practical Guide to Investment Process and Social Impact Analysis. Hoboken, New Jersey
- Bhide, Amar V. (1996). "The Questions Every Entrepreneur Must Answer". Harvard Business Review November.
- Blank, Steve (2013). "Why Lean Start-Up Changes Everything". Harvard Business Review May
- Nicholls, Alex and Jed Emerson (2015). "Social Finance, Capitalizing Social impact". In Alex Nicholls, Rob Paton and Jed Emerson (eds) Social Finance. Oxford: Oxford University Press
- Stevenson, Howard H. and David E. Gumpert (1985). "The Heart of Entrepreneurship". Harvard Business Review March
Assessment will be through an individual coursework assignment (100%) comprised of 2 essay questions.
Important information in response to COVID-19
Please note that during 2020/21 academic year some variation to teaching and learning activities may be required to respond to changes in public health advice and/or to account for the situation of students in attendance on campus and those studying online during the early part of the academic year. For assessment, this may involve changes to mode of delivery and/or the format or weighting of assessments. Changes will only be made if required and students will be notified about any changes to teaching or assessment plans at the earliest opportunity.
Total students 2019/20: Unavailable
Average class size 2019/20: Unavailable
Controlled access 2019/20: No
Value: Half Unit
Personal development skills
- Team working
- Problem solving
- Application of information skills
- Application of numeracy skills
- Commercial awareness
- Specialist skills