We often use Return on Investment and other financial measures to evaluate a business’s success, but what are other ways businesses can express their impact on economies and communities? Social Return on Investment (SROI) provides stakeholders with performance measurements that are not reflected on the balance sheet. Social enterprises use business as a mechanism to address social and environmental issues, positively impacting communities while also generating revenue. What are some of the common challenges that Social Impact Businesses encounter? How can incorporating SROI into your business model create a competitive advantage? How can you scale and expand your social impact? These are some of the questions that will be explored in this course.
Admission into the Bachelor of Business Administration program.
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Upon successful completion of this course, the student will be able to:
Explain how social enterprises can be used to address social and environmental challenges.
Describe the various forms that social enterprises can take and explain the benefits and drawbacks of different business models.
Give examples of local and international social enterprises and evaluate how their business models allow them to effectuate social/environmental change.
Analyze the differences between the social enterprise, non-profit, and charity models by explaining how different structures fit different circumstances.
Explain the quantitative and qualitative ways in which social impact can be measured.
Use real-world examples to explain how social enterprises can scale their impact.
Analyze cases and make recommendations on measuring and scaling social impact.
Give examples of some of the unique challenges that social enterprises face, as compared to mainstream businesses.
Explain how SROI can be incorporated into a variety of business models and give examples of how it can provide a competitive advantage.
Effective as of Fall 2018
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