Inside the Initiative

Areas of Focus

Social Entrepreneurship

Social Entrepreneurship is about solving our most pressing social and environmental problems through innovative, systemic and sustainable solutions. Entrepreneurs are particularly good at recognizing opportunities, exploring innovative approaches, mobilizing resources, managing risks, and building viable enterprises. These skills are just as valuable in the social sector as they are in business. The principles of social entrepreneurship apply to both profit and non-profit firms that have programs designed to create social value.

In partnership with the Dingman Center for Entrepreneurship, we offer students the opportunity to pitch business ideas with a social mission and apply for seed funding for projects. Go to Pitch Dingman for more information.

Case Study— Cherry Kwunyeun & Blumpari Read how this Thai-American links companies with micro-financed producers, designers, and educational institutions to support disadvantaged women in developing economies. Read article & watch video

Environmental Sustainability

In recent years, environmental sustainability has become particularly visible, offering businesses new challenges and opportunities to make a positive impact. Whether pressured from changing consumer preferences, societal expectations, or regulatory compliance, companies must grapple with and innovate around these complex issues. Because the challenges they confront are often multifaceted, and the solutions rarely clear-cut, many corporations feel forced to choose between sustainability and short-term profitability. Through research, coursework and experiential learning programs, the Smith School is examining market failures that contribute to environmental problems.

Case Study—Burkina Faso Read how Smith students have joined with the Clark School of Engineering to bring clean, safe light to one of the world’s poorest countries. Read article & watch video

Business Models for the Social Sector

Organizations have been traditionally defined by their motives and methods of operation. As a result, the output of these organizations has been either philanthropic or commercial in nature. Over the last decade, these boundaries have started to blur. The distinction among private sector, government and non-profit organizations has created an opportunity for business schools to explore how socially responsible considerations and new business models are changing the landscape of business around the globe. Smith students are working directly with non-profits to bring business methods to the forefront of these organizations. Learn more about the Smith School’s Social Venturing program.