Hult’s Master of Social Entrepreneurship is a highly practical program focused on how to apply business skills to important global social problems. Learn how to deploy innovative business solutions to large-scale social issues.
What is social entrepreneurship?
Social entrepreneurs are often from the corporate sector or people who are business entrepreneurs passionate about social issues. They think about ways to combine resources in innovative ways to address social, political, or environmental concerns as any profit-making enterprise does. The most important difference between a traditional business and a social enterprise is that profit is not the main motive. The enterprise must be sustainable and not incur losses, but the overall driving force is about maximizing social impact.
Why is social entrepreneurship important now?
Solutions to global social problems need innovative and entrepreneurial approaches more than ever. Increasingly, central governments are reducing their expenditures on social issues, either unable to fund expensive programs or concluding that traditional methods have failed to have impact. At the same time, needs are becoming greater and more complex. Evidence indicates that social entrepreneurs are making a difference, often in areas where government and international development may have failed. In some countries, governments are looking into how social entrepreneurs are solving problems.
The scope of social entrepreneurship
Social entrepreneurs tackle major social issues, from increasing the availability of quality education for low-income students to fighting poverty in developing countries. Social entrepreneurship takes place in both non-profit and for-profit organizations, and successful social entrepreneurs must build relationships with corporations, charities, and governments alike. Social entrepreneurs must be knowledgeable about contemporary global issues, solution-oriented, and adept at mobilizing human, financial, and political resources to support their project.
Pragmatic learning outcomes
Hult’s pioneering Master of Social Entrepreneurship (MSE) gives you the skills necessary to engage in successful issue advocacy, problem solving innovation, and project development. Graduates will be empowered to act as effective leaders of change, either via new ventures of their own or through existing for-profit, non-profit, or government institutions. The program emphasizes building core business skills optimized for sociopolitical contexts.
Hult's Action Project allows you to apply your skills in the real world
The capstone of Hult’s Master programs, the Action Project, calls upon students to put knowledge and skills to the test as they become consultants for actual organizations working on real-world challenges. Social entrepreneurship is about “thinking” and “doing,” and the Hult program is unique in placing you in a position to do both, not just in the classroom but in front of a real client.
Become part of Hult’s commitment to social change
Hult is at the forefront of social entrepreneurship among the world’s leading business schools. As a Clinton Global Initiative member, Hult is committed to tackling the world’s toughest social challenges through crowdsourcing innovative ideas and solutions from the world’s best and brightest business school students. The annual Hult Prize, formerly known as the Hult Global Case Challenge, showcases the school’s commitment to social entrepreneurship. Students from business schools around the world compete in small teams to develop the best solutions to problems presented by a Clinton Global Initiative-affiliated non-profit. Recent affiliates have involved Habitat for Humanity, Solar Aid, One Laptop per Child, and Water.org. Hult awards the non-profit USD1 million as seed capital to help pilot winning ideas.
Global career opportunities
Graduates of Hult’s MSE have an exceptional knowledge base of key business skills coupled with project design and management in the social arena. This is a highly flexible tool kit, transferable in the for-profit or non-profit sectors, especially in the development of CSR, sustainability, or innovation strategies. Graduates will be efficient collaborators and accomplished problem solvers and will always be asking the question, “Why don’t we fix this problem?” Employers increasingly seek graduates with the right combination of keen business mind-sets, global outlooks, and awareness of the ethical dilemmas facing modern multinational managers.