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Kai Hockerts

In Course 3 of this Specialization you will first of all learn about Social Impact Assessment. Hence you will be able to develop a method to evaluate the social mission that you achieve while implementing your business plan. Next you will outline an appropriate communication strategy for your social enterprise and will demonstrate how to market your products and services to beneficiaries and other customers. Here you will employ an adaptable communication strategy as you move from early adopters to a broader market share.

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In Course 3 of this Specialization you will first of all learn about Social Impact Assessment. Hence you will be able to develop a method to evaluate the social mission that you achieve while implementing your business plan. Next you will outline an appropriate communication strategy for your social enterprise and will demonstrate how to market your products and services to beneficiaries and other customers. Here you will employ an adaptable communication strategy as you move from early adopters to a broader market share.

Furthermore you will determine growth strategies and how you can scale or replicate your business plan internationally in order to reach a larger number of beneficiaries. In particular you will discuss organic growth, social franchising, and an open source approach. Finally, you will evaluate exit strategies. Thus you will review options social enterprises have when they need to finance their growth but the original funders can not or do not want to finance the expansion.

Course 3 will be completed by your Capstone project, which will ask you to submit the final business plan of your social venture.

Note: It is highly recommended to have completed Course 1 & 2 of the Social Entrepreneurship Specialization before starting this Course!

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Syllabus

Introduction to Social Impact Assessment
Welcome to the final Course of this Social Entrepreneurship Specialization. In this session you will be introduced to the topic of measuring the social impact of a venture. You are asked to apply your knowledge to the case of Specialisterne and frame your business plan by writing the executive summary.
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Measuring Social Impact
Welcome to Module 2. In this week we will delve deeper into social impact assessment. We encourage you to explore your possibilities as you grow and try to find indicators for your activities. It is crucial to understand and document how societal value is created. Most startups do not yet have any actual impact that can be measured, therefore, it is important to spell out your “theory of change” as clearly as possible and to back it up with data if possible. Relevant data would substantially strengthen your position in terms of investors, stakeholders as well as your communication and marketing strategy.
How Social Enterprises Communicate
Welcome to Module 3! In this week we will talk about how social enterprises communicate about their products and their impact. The case about CaféDirect will be presented and you will be encouraged to think about your own communication strategy. Finally we will kick-off the topic about growth and replication.
Growth and Replication of Social Enterprises
Welcome! In week 4 we will talk about how social enterprises can replicate their social innovations. We will focus on the case of Specialisterne, which demonstrates that also mixed approaches can be valuable and we will also listen to best-practice examples of India and the U.S. Finally you will be asked to give advice about the the Mobility CarSharing case.
Finalize your Business plan
Welcome change-makers to the final week of this Social Entrepreneurship Specialization! We will use this session to further discuss exit strategies by looking at two cases: Mobility and Café Direct. Finally we will approach the sensitive topic of failing and what role it plays in the field of social entrepreneurship. We also want to use this option to thank all learners for participation, contribution and support! We hope that this specialization helped to kick-start your own social entrepreneurship journey. Keep up your good work! Congratulations and good luck!

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Covers social entrepreneurship, which is a useful tool for addressing social problems and creating a positive impact on the community
Taught by Kai Hockerts, who is recognized for their work in social entrepreneurship
Emphasizes developing a business plan, which is a core skill for entrepreneurs seeking funding for their ventures
Examines real-world case studies and examples of social enterprises, providing practical insights for aspiring entrepreneurs
Explores different strategies for growth and replication, enabling learners to expand the reach of their social enterprises

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Reviews summary

Entrepreneurship in action

Learners say this course titled Unleashing the Impact of your Social Enterprise is an exceptional resource for aspiring social entrepreneurs. It provides engaging assignments and helpful lectures alongside interaction with the faculty. Students found the curriculum interactive, challenging, and valuable with important insights into best practices in the field. The course also includes failed and successful social enterprises studied as examples, allowing students to see how different strategies and decisions play out.
Peer review is helpful for feedback.
"hardly any other co-students are left at this stage to peer-review the assignments."
The course is well worth the cost.
"Overall good value for the money of course."
The assignments are engaging and help reinforce learning.
"Some of the assignments are locked."
The course can be challenging but rewarding.
"A good and challenging conclusion to the specialization :)"
The course structure is logical and easy to follow.
"Finally also a mentor was assigned which was helpful."
The instructor is active and monitors progress.
"A very interesting course!"
"The mentor is really active and keep monitoring your progress."
"Great Course."
The course provides practical knowledge.
"This is the most engaging course I have ever had."
"Provides many examples, failed and successful social enterprises that give the learners the perspective and also shared experience."
The curriculum is complete and valuable.
"I found the content very complete and valuable."
"Such an amazing MOOC, I found the content very complete and valuable."
"The course content is indeed good..."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Unleashing the Impact of your Social Enterprise with these activities:
Review methods for evaluating social impact
Review methods and approaches for assessing social impact, including frameworks and indicators.
Browse courses on Social Impact Assessment
Show steps
  • Explore frameworks for social impact assessment, such as SROI and IRIS
  • Identify relevant indicators for your social venture's impact areas
  • Consider tools and resources to help you measure and track impact
Practice communication skills
Engage in practice to strengthen your communication abilities, preparing you for the course's emphasis on marketing and outreach strategies.
Browse courses on Communication
Show steps
  • Role-play potential scenarios with a partner
  • Record and review your presentations for self-assessment
  • Join a public speaking group or workshop
Practice developing communication strategies for social enterprises
Develop and refine your ability to craft communication strategies that effectively convey the mission and value of your social enterprise.
Browse courses on Communication Strategy
Show steps
  • Develop messaging that resonates with your audience and aligns with your mission
  • Analyze successful communication campaigns from other social enterprises
  • Identify your target audience and their communication preferences
  • Create a communication plan that outlines your goals, channels, and timeline
Eight other activities
Expand to see all activities and additional details
Show all 11 activities
Organize Course Materials
Keep your notes and assignments organized for easy referencing.
Show steps
  • Put together a system to organize notes, assignments, and readings
  • Review the materials regularly to reinforce learning.
Review Course Syllabus
Refresh your understanding of what the course will cover to give you a better context.
Show steps
Develop a Social Impact Project Proposal
Get started on your big idea.
Show steps
  • Identify a social issue you are passionate about
  • Research the issue to understand its root causes and potential solutions
  • Develop a plan that includes goals, strategies, and evaluation methods
  • Create a budget that outlines the costs and potential sources of funding
Join a Study Group
Reinforce your learning in a collaborative environment.
Show steps
  • Find like-minded classmates
  • Regularly meet to discuss course content and share ideas
Explore Social Entrepreneurship Tools
Enhance your knowledge and practical skills.
Show steps
  • Find useful online resources, websites, or videos
  • Use these materials to supplement the course and support your understanding
Attend a Panel Discussion on Social Entrepreneurship
Engage with professionals and gain valuable insights.
Browse courses on Social Entrepreneurship
Show steps
  • Research and find relevant events
  • Attend panel discussions and ask thoughtful questions
  • Network with speakers and attendees
Engage in Peer Review
Get feedback on your writing and idea generation.
Browse courses on Writing
Show steps
  • Connect with peers to form feedback teams
  • Exchange work with peers
  • Review each other's work and provide constructive feedback
  • Revise your work based on feedback
Write a Personal Reflection on Social Entrepreneurship
Personal reflection helps integrate new knowledge.
Browse courses on Social Entrepreneurship
Show steps
  • Think about what you understand about social entrepreneurship
  • Write about key concepts and personal thoughts

Career center

Learners who complete Unleashing the Impact of your Social Enterprise will develop knowledge and skills that may be useful to these careers:
Social Enterprise Consultant
Social Enterprise Consultants help social enterprises achieve their goals by providing advice on business strategy, marketing, and fundraising. This course may be useful for those who want to learn more about the social impact assessment process, how to communicate about social impact, and how to grow and replicate a social enterprise. This course can help you develop the skills you need to be successful in this role.
Social Impact Analyst
Social Impact Analysts measure and evaluate the social impact of programs and policies. This course may be useful for those who want to learn more about the social impact assessment process. This course can help you develop the skills you need to be successful in this role.
Social Entrepreneur
Social Entrepreneurs are individuals who start businesses with the intention of creating social change. This course may be useful for those who want to learn more about the social impact assessment process, how to communicate about social impact, and how to grow and replicate a social enterprise. This course can help you develop the skills you need to be successful in this role.
Nonprofit Manager
Nonprofit Managers oversee the operations of nonprofit organizations. This course may be useful for those who want to learn more about the social impact assessment process and how to communicate about social impact. This course can help you develop the skills you need to be successful in this role.
Program Manager
Program Managers oversee the implementation of programs and projects. This course may be useful for those who want to learn more about the social impact assessment process and how to communicate about social impact. This course can help you develop the skills you need to be successful in this role.
Policy Analyst
Policy Analysts research and analyze public policy issues. This course may be useful for those who want to learn more about the social impact assessment process. This course can help you develop the skills you need to be successful in this role.
Grant Writer
Grant Writers write grant proposals to secure funding for nonprofit organizations and other social enterprises. This course may be useful for those who want to learn more about the social impact assessment process and how to communicate about social impact. This course can help you develop the skills you need to be successful in this role.
Community Organizer
Community Organizers work with communities to identify and address their needs. This course may be useful for those who want to learn more about the social impact assessment process and how to communicate about social impact. This course can help you develop the skills you need to be successful in this role.
Social Media Manager
Social Media Managers create and manage social media content for businesses and organizations. This course may be useful for those who want to learn more about how to communicate about social impact. This course can help you develop the skills you need to be successful in this role.
Marketing Manager
Marketing Managers develop and implement marketing campaigns for businesses and organizations. This course may be useful for those who want to learn more about how to communicate about social impact. This course can help you develop the skills you need to be successful in this role.
Public relations manager
Public Relations Managers manage the public image of businesses and organizations. This course may be useful for those who want to learn more about how to communicate about social impact. This course can help you develop the skills you need to be successful in this role.
Sales Manager
Sales Managers oversee the sales force of a business or organization. This course may be useful for those who want to learn more about how to communicate about social impact. This course can help you develop the skills you need to be successful in this role.
Business Development Manager
Business Development Managers identify and develop new business opportunities for a business or organization. This course may be useful for those who want to learn more about how to communicate about social impact. This course can help you develop the skills you need to be successful in this role.
Operations Manager
Operations Managers oversee the day-to-day operations of a business or organization. This course may be useful for those who want to learn more about how to communicate about social impact. This course can help you develop the skills you need to be successful in this role.
Financial Manager
Financial Managers oversee the financial operations of a business or organization. This course may be useful for those who want to learn more about how to communicate about social impact. This course can help you develop the skills you need to be successful in this role.

Reading list

We've selected 13 books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Unleashing the Impact of your Social Enterprise.
A comprehensive guide to impact measurement, covering a wide range of topics, from setting goals and choosing metrics to collecting and analyzing data.
Introduces the Lean Startup methodology, which process for developing and testing new products and services quickly and cheaply. It valuable resource for anyone who wants to learn how to start a successful business.
A step-by-step guide to conducting a social impact assessment, with a focus on identifying and measuring the intended and unintended consequences of your social enterprise.
Introduces the Objectives and Key Results (OKRs) framework, which goal-setting system used by many successful businesses. It valuable resource for anyone who wants to learn how to set and achieve goals.
Explores the concept of disruptive innovation, which new technology that creates a new market and value network. It valuable resource for anyone who wants to learn how to innovate and stay ahead of the competition.
An inspiring and practical guide to starting and running a social enterprise.
Save
Explores the science of motivation. It valuable resource for anyone who wants to learn how to motivate themselves and others.
Offers a set of principles for success in life and work. It valuable resource for anyone who wants to learn how to live a more successful and fulfilling life.
Offers a framework for developing good strategy. It valuable resource for anyone who wants to learn how to develop and implement successful strategies.
Offers a framework for creating and sustaining successful growth. It valuable resource for anyone who wants to learn how to grow their business.

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