SBC102 Principles of Business Model Innovation

SBC-102 Principles of Business Model Innovation Designing a business model with the dual objectives of profitability and impact is the second step in the process of creating a social enterprise. It involves applying design thinking in building the business model, prototyping the product/service and the social solution, and validating the product/service in the marketplace.
This course introduces students to the dynamic world of innovative social enterprise models. It aims to equip students with the tools, mindset, and strategies needed to create and develop social enterprises that effectively address societal challenges while remaining economically viable.

After taking the course, students will be able to:

  1. Graspe the theoretical underpinnings of innovation in social enterprise business models.
  2. Describe the different steps involved in creating social business opportunities.
  3. Explain the importance of design thinking and the theory of change in the development of social enterprises.
  4. Identify the key elements of an effective value proposition in both social and economic contexts.
  5. Analyze the components of a social enterprise business model and their relevance.
  6. Evaluate strategies for achieving business objectives while maximizing social impact.
  7. Develop an entrepreneurial and innovative spirit essential for tackling social challenges with viable business solutions.
  8. Design a case study on a real social enterprise.

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