Business schools drive a global boom in social entrepreneurship
June 7, 2013 Editor 1
Course offerings that include social entrepreneurship doubled at top business schools over the last decade, according to the Bridgespan study. Perhaps more exciting is the rising popularity of partnerships with private companies, not only to provide consulting opportunities, but also for venture capital and incubator competitions focused on social impact.
Many of these programs have an international focus, too, with more than 90 percent of their students coming from other countries. Field placements in foreign countries are also becoming standard fare for these social impact-driven programs. Nonprofits like San Francisco-based Net Impact are building social enterprise networks so students from schools around the world can get together for business competitions, conferences and networking.
Here is just a sampling of the myriad programs around the world today, compiled in part from Net Impact’s 2012 Business as UNusual guide and The Aspen Institute’s 2012 Beyond Grey Pinstripes rankings:
- Stanford Graduate School of Business. Stanford has arguably done the most of any program to incorporate social impact into its curriculum. Its Center for Social Innovation not only puts out research, but also offers field placements, summer internships and consulting opportunities for its students, and teaches some 29 electives in social enterprise. Stanford also publishes one of the top magazines on social innovation, the Stanford Social Innovation Review, and has many well-known alumni leading the growth of the sector, including Acumen’s Jacqueline Novogratz.
- College of Business, Colorado State University. Breaking the barriers between research and practice, the Center for the Advancement of Social Enterprise now has two startup accelerators to support the project ideas its students come up with. In Net Impact’s study, 87 percent of students said they were satisfied with the course content, and the College even has an MBA dedicated to social enterprise.
- Superior School of Business Administration and Management (ESADE), Ramon Llull University. ESADE is geared toward work around the world: it boasts a 95 percent international student body and is one of the few top business schools based outside the United States and UK, with campuses in Madrid, Barcelona, Munich and Sao Paulo. Besides a social innovation research center, the school’s Entrepreneurship Institute hosts business plan competitions and offers a masters in innovation and entrepreneurship.
- Yale School of Management. Although only 16 percent of Yale’s 2011 graduating class went into the nonprofit sector, this may be because the school has a history of integrating business and social leadership. A whopping 98 percent of students surveyed by Net Impact said they were happy with extracurricular opportunities, making Yale one of the hot places to get a for-profit social enterprise going.
Net Impact is building a network of social innovators between business schools around the world. Photo: Net Impact (flickr)
- Kellog School of Management, Northwestern University. Northwestern gets its students involved in social enterprise, even if it’s not their main area of focus. The local Net Impact chapter, which has about 700 members, has won the chapter of the year award multiple times. Students also compete each year for an $80,000 seed funding award from the school’s Levy Social Entrepreneurship Lab, one of several awards available to students with plans to start social enterprises after graduation.
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