Currently, the world is facing growing stress on both social (inequity, poverty, disease, etc.) and environmental (air and water pollution, climate change, habitat change, species extinction, etc.) issues. This course is based on the premise that entrepreneurs can be powerful agents of social, environmental and economic change. In this course, the term ‘social and sustainable venturing’ will refer to a systemic framework for developing and implementing local, national, regional and international ventures based on financial, environmental and social criteria.
The course will expose students to business applications of social and sustainable venturing in for-profit, not-for-profit, and hybrid organizations. We will look at new organizational forms such as Social Purpose Corporations (SPCs), Benefit Corporations (B Corps) and Flexible Purpose Corporations (FPCs). The challenge is to not only address social and environmental issues, but to do so in a way that is also economically sustainable (the triple bottom line). This will require an examination of the relationships between global economic, social and environmental conditions as well as the challenges and opportunities facing global new ventures. This course will use lectures, case studies, field classes, group exercises and presentations to gain an in-depth understanding of the major issues addressed by social and sustainable ventures.
Field WorkCountry: Morocco
Date: April 11, 2019
Moroccan entrepreneurs will share their experiences with students who will help the entrepreneurs brainstorm any business issues that they bring for the students to consider. Multiple Moroccan entrepreneurs will work with student groups, and at the end of the day, will report out to the entire field class what they have learned and generated for the entrepreneurs, enabling all students to learn from each group.
Field class objectives:
1. Learn and understand what motivate the Moroccan entrepreneurs to start and manage their own businesses
2. Evaluate the specific stages in the development of an entrepreneurial business
3. Understand the opportunities and challenges that face entrepreneurs
4. Assess the sustainability and social impact of the Moroccan enterprise