Pathway : Entrepreneurship for Impact
“One thing is very clear to me that with social business taking off, the world of free market capitalism will never be the same again” - Prof. Muhammad Yunus
Market-driven-businesses that bring together - Business Strategy, Design Thinking, Leadership, and Inclusive Ownership and Capital - can be a decisive force to bring an end to global poverty, ultimately creating a new gentler capitalism for more purposeful lives.
These businesses need leaders who are empathetic yet professional, caring yet focused on business sustainability and flexible and adaptable in thinking yet focused on efficiency in operations.
Through an approach that combines entrepreneurship, design thinking and social impact, the Professional Practices-Entrepreneurship for Impact program equips its students with the tools to create successful impact enterprises.
The course guides active and aspiring entrepreneurs to:
- Transform a business idea into a business plan with design thinking and understanding of end customers with unique value addition.
- Develop the business skills and leadership traits necessary to lead a business venture
- Use design methods to create compelling solutions to social needs and aspirations.
Novice practitioners develop the following capabilities
- Position oneself and one’s personal purpose within enterprise and its purpose
- Learn to use a variety of methods tools and processes in a way that advances the goals of the enterprise and its mission
- Apply this capability in real world projects in ways of designing business
- Steer their enterprises to make a better world and create positive impact
Learners will explore and experience
- Business strategy powered with design thinking
- Transformative models not the merely incremental
- Equipping participants with actionable business design thinking
- Taking the businesses from ideation to execution
- Team work, collaboration and partnerships
- Environmental, social, economic and cultural sustainability
- Nurturing creativity and leadership
- Enabling professionals to be successful social entrepreneurs
These businesses will also go a long way in fulfilling the UN Sustainable Development Goals, meeting the SDGs.
Businesses have for the most part contributed to the “defuturing” of the planet, we are in need of business models that can “refuture” the earth for human survival in harmony with the rest of nature. Impact enterprises are one way of doing this in ways that not only minimizes harm but positively makes good, previous harm done to the environment and to communities.
Who should apply for the pathway in Entrepreneurship for Impact course?
The program is suited to those aspiring to become social entrepreneurs, impact enterprise leaders, and for those assuming leadership roles in philanthropic foundations, social venture funds and corporate companies.
The program is ideally suited for:
- Entrepreneurs with existing social businesses to strengthen their business strategy and impact, and develop tools to raise funds from potential investors.
- Idea stage entrepreneurs to design and develop viable impact enterprise business models that they could launch and assess.
- Intrapreneurs working within the corporate sector who are interested in understanding the development sector ground-up, will get to work alongside social impact enterprises or NGOs.
- Program managers in NGOs who want to assume leadership positions in their organisations.
- The CSR (corporate social responsibility) professionals from the corporate sector to develop effective CSR programs and lead CSR projects that have large social impact.
To apply for this program, you should
- Be a Graduate degree holder)
- Can Speak and write fluent English
- Computer and Internet literate
- Can research, analyze and participate in group discussions
- Can work in teams as well as individually
- Having professional work experience is preferred
- Have strong aspiration to being a social impact entrepreneur
- Preferable if you have a feasible business idea (start-up or existing, profit or non-profit) with strong social/environmental impact
Modes of Learning offered by the pathway in Entrepreneurship for Impact course
The specialisation in Entrepreneurship for Impact is a full time practices based course that allows practitioners (both novice and experienced) to develop and extend their professional practice. It is offered in two modes of participation of onsite studios and tutorials with practice based research in the field.
During the 2-year program, the novice practitioners come for week-long, intense, onsite (class-room based learning) leadership boot camps and then apply their newly gained knowledge and skills in their (mentor-supported) real-time projects on the field.
Notes on options for modes of participation:
MODE: 2-year program
8 sessions of week-long leadership boot camps (studios, tutorials, seminars, workshops) in year 1 and 3 in year 2 year with 2-4 weeks of Practice based research in the field in between each leadership boot camp, in addition would be 2-4 week long interlude and a semester long capstone project in the 4th semester.
The practice based research is supported by mentorship, field assignments and assessments. The practice based research can be in the enterprise the practitioner is working in, or is building or is assigned to.
Award: On successful completion of the 2-year program candidates will be awarded the MA Professional Practices Entrepreneurship for Impact Degree from MAHE.
Learning opportunities in the specialisation in Design in Education course are embedded in the following structures:
- Tutorials: Master classes, workshops, seminars and study units including MOOCs, Think Quests, Webinars etc.
- Studios, Labs and Circles: Immersive spaces and forums that foster making, experimenting, conversations, thinking and a sense of being.
- Peer Circles: Participative opportunities for dialogue and reviews that can be facilitated and independent, face-to-face or via blogs, discussion board conversations, wiki creation.
- Practice: Experiential, embodied, field-based research which could include that in the workplace.
- Electives: Engagement outside the disciplinary framework, that allows for extension and building connections. It can include visits to exhibitions, plays, places, talks, walks, participation in workshops, studios, conferences and residencies.
- Portfolio: Development of a reflective and curated body of work, which represents evidence of growth, development and application of research in professional practice over the duration of the course.
- Practice as Mastery: Practice based research and its documentation; academic exegesis and viva voce.
Learn - Experience - Apply - Practice
Learning in the classroom is accompanied by experiencing the learning through workshops and quick exercises and then piloted in the field through a quick design, rapid prototype in a fail-forward through iteration model.
The toggling between classroom and enterprise in action with mentoring allows for rapid “pilot and hone“ business model building.
Peer learning opportunities are provided by the boot camps.
UPON SUCCESSFUL COMPLETION OF THIS COURSE GRADUATES WILL HAVE DEVELOPED THE FOLLOWING CAPABILITIES:
- Understanding Market and Customer.
- Product- service- delivery system.
- Business Research Methods and Statistics.
- Design Research methods and qualitative analysis.
- Need finding.
- Design thinking
- Aspiration fulfilment
- Strategy and building Business Models
- Business Ethics for Entrepreneurs
- Leadership and Innovation
- Systems thinking
- Creativity, Play, Brainstorming
- Lean manufacturing techniques
- Human Resources Management
- Attract Engage and retain smart creative talent
- Agile Project Management
- Logistics Management
- Creating Organization culture and behaviour
- Understanding brand and communication
- IT for Grass-root applications
- Financial projection
- Accounting and finance basics
- Pitch preparation
- Presentation skills
- Business & Law
- Scaling Strategies
- Meet Successful Entrepreneurs
- Corporate Governance, Legal Issues and intellectual property
- Business Communication
- Entrepreneurs with existing businesses strengthen their businesses and link up with potential investors.
- Idea stage entrepreneurs build up concrete and viable business models that they can launch.
- Corporate Intrapreneurs interested in the sector get to work with Impact Enterprises or NGOs.
- Hybrid social intra-prises eg IKEA Social Entrepreneurs
- As CSR manager in corporates
NGOs and Foundations
- As Program managers in NGOs both national and international
- As next level leadership in NGOs
- Public sector institutions both at central and state levels that are working in development eg NRLM National Rural Livelihoods Mission and SRLMs, NSDC National Skills Development Corporation and State skills Development Missions as they increasingly look at PPP modes of functioning
- UNDP, World Bank IFC etc have need for trained social enterprise managers for in country projects
For further information, kindly email Varun Gupta at firstname.lastname@example.org
The program is informed by the following learning disciplines:
- Brand Leadership
- Business Design
- Design Management
- Design Research
- Design Strategy
- Information Technology
- Interaction Design
- Language and Literature
- Service Design
- Social Innovation
- Strategic Communication
- System Design
- Critical Geography
- Performing Arts
- Cultural Studies
- Game Art, Design and Development
- Language Arts
- Public History
Research and Collaboration
- Blank Noise
- Center for Education, Research, Training, and Development (CERTAD)
- Design+Environment+Law Laboratory (DEL Laboratory)
- Frugal Design Lab
- IMPACT EDGE
- Learning Networks for Sustainability, India (LENS-India)
- Natural Fibres Labs
- Srishti Films
- Srishti Labs (Slabs)
- Upaaya - a centre for contemplative practice, study and research