In this seminar/workshop students apply the theory of entrepreneurial management in the private and social sectors by creating business plans and presentations for new social enterprises. Through case studies of entrepreneurial ventures and readings, students learn about practical innovation, market research, talent acquisition, intellectual property and financing alternatives. In particular this spring seminar is designed for students who are prepared to (1) create a business plan for a social venture, or (2) perfect one they have already developed. Student-created ventures may be in the private or social (not-for-profit) sector, or cross-sectoral joint or hybrid ventures. Students are expected to hone their business plans with an eye towards pitching to funders or strategic partners.*
Requirements: An individual 10-15 page business plan applying the course insights to a proposal for a new social venture; a PowerPoint presentation “pitch;” and a brief “elevator speech” pitch. Grades based 1/2 on class participation and 1/2 on the individual term paper.
*Students without prior academic or professional exposure to financial management are urged to enroll concurrently in, or take in advance, MLD-829M: Fundamentals of Entrepreneurial Finance, or MLD-840: Entrepreneurial Finance.
MLD-830 and MLD-831 cannot both be taken for credit. MLD-831 is designed for students who are more advanced in their business planning.