Info
Logo Bocconi

Course 2016-2017 a.y.

20491 - SOCIAL ENTREPRENEURSHIP AND IMPACT INVESTING


CLMG - M - IM - MM - AFC - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT - GIO
Department of Management and Technology

Course taught in English


Go to class group/s: 31

CLMG (6 credits - I sem. - OP  |  SECS-P/08) - M (6 credits - I sem. - OP  |  SECS-P/08) - IM (6 credits - I sem. - OP  |  SECS-P/08) - MM (6 credits - I sem. - OP  |  SECS-P/08) - AFC (6 credits - I sem. - OP  |  SECS-P/08) - CLEFIN-FINANCE (6 credits - I sem. - OP  |  SECS-P/08) - CLELI (6 credits - I sem. - OP  |  SECS-P/08) - ACME (6 credits - I sem. - OP  |  SECS-P/08) - DES-ESS (6 credits - I sem. - OP  |  12 credits SECS-P/08) - EMIT (6 credits - I sem. - OP  |  SECS-P/08) - GIO (6 credits - I sem. - OP  |  SECS-P/08)
Course Director:
CLODIA VURRO

Classes: 31 (I sem.)
Instructors:
Class 31: CLODIA VURRO


Course Objectives
Over the last decade, a new wave of entrepreneurial ferment has taken hold around the globe, motivated by the search for new, sustainable solutions to complex social problems.
This course is intended to familiarize students with the challenges and opportunities of social entrepreneurship, providing knowledge and tools to sustain social opportunity identification and exploitation. It addresses social planning along the stages of entrepreneurial discovery, social impact assessments, innovative investment and financial models, such as venture philanthropy and social venture capital. Moreover, recent advancements in the field of innovation for social change are reviewed, with a focus on bottom of the pyramid strategies, scaling opportunities, and cross-sector social partnerships.
At the end of course, students are able to:
  • Set the boundaries of social entrepreneurship and understand the steps through which a typical entrepreneurial process for social change unfolds;
  • Learn a vocabulary for thinking and communicating about social values;
  • Build up theories of change and acknowledge the main managerial approaches to turn social entrepreneurial opportunities into business models;
  • Understand and measure social impact through the development of impact value chains;
  • Analyze funding needs and sources for social entrepreneurial ventures;
  • Evaluate scaling strategies for social value maximization.
Theory and practice are combined dynamically, making room for class discussion, individual and group work especially relying on case studies, practitioners' lectures and class presentations. Students have the opportunity to participate in a business game. Finally, an in-company training initiative is organized to experience social businesses from within.


Course Content Summary
  • Social entrepreneurship domain: setting boundaries.
  • New legal forms for social enterprises: towards the hybrid ideal.
  • A process-based view of social entrepreneurship: from social innovation to theories of change.
  • Social business models and social business plans.
  • Social return on investment analysis to measure value creation.
  • Scaling strategies to maximize social change.
  • Navigating the challenges of capital rising: impact investing, social venture capital and venture philanthropy.

Detailed Description of Assessment Methods
For attending students:
The course is based on active teaching methodologies aimed at maximize students’ participation. The final grade will consist of the following components:
  1. end-of-term written exam on a selection of textbook chapters and readings;
  2. group assignment;
  3. in-class assignments.
Details will be provided in the syllabus of the course.

For non-attending students:

Written exam on all the chapters of the textbook and the readings as detailed in the syllabus. Additional readings will be part of the evaluation for non-attending students.

Textbooks
  • F. PERRINI, The new social entrepreneurship: what awaits social entrepreneurial ventures?, Edward Elgar Publishing, 2006.
  • Additional readings, which are made available to registered students through Bocconi’s e-learning platform.
Last change 13/06/2016 09:25