GEN1000 Perspectives on General Education / Subject to Instructor’s Discretion
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Social entrepreneurship has drawn much attention among the government, business and non-profit sectors recently. It is considered as a creative way of solving social and environmental problems such as unemployment, poverty and pollution as well as for the promotion of common good while mobilizing latent social resources. Unlike traditional business enterprises, there are various moral, ethical and social imperatives associated with social enterprises in addition to profit expectation. Through a variety of teaching and learning approaches such as case discussion, guest speaker talks, experiential learning exercises, company visits and lectures, students will first explore the value, trends, expectations and tensions of social entrepreneurship and social enterprises in local and international contexts. They will then be guided to recognize social opportunities through a creative problem solving approach. They will also acquire a range of skills and knowledge related to planning, organizing, financing, “scaling”, and measuring the impacts of social enterprises. Students will work a social entrepreneurship plan for dealing with an issue of their choice.
Upon completion of this module, students should be able to:
a. Appreciate the value of social entrepreneurship as a way of solving social and related issues;
b. Assess and balance different expectations on and tensions in social enterprises from a multi-stakeholder perspective;
c. Recognize social opportunities through a creative problem-solving approach; and
d. Acquire the skills and knowledge for implementing a social business idea.
1. Introduction to social entrepreneurship and social enterprises: definitions, nature and development of social entrepreneurship; values and debates on social entrepreneurship; expectations and tensions of moral, ethical, social and profit expectations of social enterprises.
2. Creative problem solving: creative problem solving skills; identifying social opportunities; assessing social opportunities.
3. Planning, organizing, marketing and financing for social enterprises: vision and mission of social enterprises; business model development for social enterprises; options for organizational designs; assessment of competition and marketing plan; options of funding for social enterprises; investment and microfinance.
4. Scaling social enterprises: growth and sustainability of social enterprises.
5. Measuring social impacts: social returns; cost-benefit analysis.
1. Class participation (10%)
2. Test (20%)
3. Individual Report (Case study of a social enterprise) (30%)
4. Group Project (including a task involving social opportunity identification through creative problem solving and a business plan for a social enterprise based on the social opportunity identified) (40%)