Entrepreneurship and Global Development: Exploring Microfinance and Social Businesses around the World (Section 2)

Discipline: Semester at Sea Seminars
Instructor: Galloway
Credits: 3
Day: A
Start: 1425
End: 1540
Field Work: Day 2 - Friday, 17 October | Italy
Prerequisites: Three credits of business or economics coursework. Download Syllabus

This course provides a unique opportunity to develop cross cultural competency through travel,
education, and service in the developing world. It offers the chance to study the impact of
social businesses and microfinance upon global development -both from a theoretical and
practical point of view. Ever since Grameen Bank founder, Professor Muhammad Yunus, won
the Nobel Peace Prize in 2006, awareness of and interest in the microfinance business model
has risen dramatically. This course is designed to explore and analyze the key issues associated
with microfinance and global development. In the process we will address such questions
as: What is microfinance? What is a social business? What role has microfinance and social
entrepreneurship played in global development? What are the limitations of microfinance and
social business as a path for alleviating poverty? What are the ethical dimensions involved with
globalization and can social entrepreneurs help to spread the benefits of globalization to the
poor? Students will have a chance to explore these questions through course readings, class
discussions, group projects, and on-site visits with social entrepreneurs.

Field Work

Country: Italy
Day: 2 - Friday, 17 October

Through conversations with entrepreneurs at three different socially responsible businesses in Italy – an ethically-driven publishing house, an organic olive oil producer, and an organic wine producer – students will be able to see first-hand the challenges, rewards, and unique organizational structures needed for these businesses to behave in socially responsible manner. Academic Objectives:

  1. To discover the unique challenges inherent in running a socially responsible business in Italy;
  2. To discover the motivation for behaving in a corporately responsible manner and the rewards in the marketplace that accrue  to such methods; and
  3. To develop an understanding of the relationship between corporate social responsibility and the organizational structures required to support it.