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Social Impact Startups: Business and Impact Planning
Learn to articulate your social enterprise's mission, impact, and scaling strategy in this 5-week MIT course.
Learn to articulate your social enterprise's mission, impact, and scaling strategy in this 5-week MIT course.
This course, offered by MIT Solve, is designed for social entrepreneurs looking to refine their mission and scale their impact. Over five weeks, participants will learn to articulate key aspects of their social impact startups, including impact opportunity, customer discovery, theory of change, and plans for scaling. The curriculum features case studies from leading social entrepreneurs and both nonprofit and for-profit enterprises worldwide. Students will design their own social business model and impact plan, potentially creating a pitch video for partners and users. The course aims to help early-stage social impact startups clearly communicate their work and impact, crucial for securing funding and growth opportunities. It's particularly beneficial for those considering applying to Solve's Global Challenges or similar social impact innovation programs, as well as anyone solving or starting to address important social or environmental problems.
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What you'll learn
Articulate the scale and impact of the social or environmental problem you're addressing
Define and understand your target beneficiary group through customer discovery techniques
Develop a clear and compelling theory of change for your social enterprise
Create strategies for scaling your social impact and securing necessary funding
Analyze case studies of successful social ventures and apply insights to your own work
Design a comprehensive social business model and impact plan
Skills you'll gain
This course includes:
Live video
Graded assignments, exams
Access on Mobile, Tablet, Desktop
Limited Access access
Shareable certificate
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Module Description
This course provides a comprehensive framework for social entrepreneurs to develop and articulate their business and impact plans. Over five weeks, participants will explore key aspects of social impact startups, focusing on four main areas: Impact Opportunity, Customer Discovery, Theory of Change, and Planning for Scale. Each week, the course delves into case studies from successful social enterprises worldwide, offering insights into various approaches to social and environmental problem-solving. Students will learn to quantify the scale of the problem they're addressing, define their target beneficiaries, articulate their unique approach, and develop strategies for scaling their impact. The course emphasizes practical application, with participants designing their own social business model and impact plan throughout the program. Additionally, students have the option to produce a pitch video summarizing their work, a valuable tool for potential partners and users. The curriculum is designed to be immediately applicable, with course assignments potentially serving as part of applications to social entrepreneurship programs like MIT Solve.
Fee Structure
Instructor
Global Health Innovation Leader Advancing Systemic Change
Anjali Sastry serves as Senior Lecturer at MIT Sloan School of Management and lecturer at Harvard Medical School's Department of Global Health and Social Medicine, where she combines systems thinking with organizational change for social impact. After earning three MIT degrees - bachelor's degrees in physics and Russian language, and a PhD in system dynamics - she has built an influential career spanning academia and practical healthcare innovation. As the developer of MIT Sloan's Global Health Lab, she has led dozens of collaborations across sub-Saharan Africa and South Asia to improve healthcare efficiency and quality, while her current research investigates business models that deliver essential services amid constraints. Her career journey includes roles as a management consultant at Bain & Company, research scholar studying electricity efficiency in India, and assistant professor at both the University of Michigan and MIT. Her impact extends through board positions at Management Sciences for Health and ResearchILD, advisory roles with MIT's Legatum Center and Harvard's Global Health Delivery Project, and through her influential book "Fail Better: Design Smart Mistakes and Succeed Sooner." Through her work with the Jameel World Education Lab and shift7, she continues to advance innovative approaches to global healthcare and education challenges.
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Frequently asked questions
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