My MBA Program consists of 4 periods: 2 core terms that last 10 weeks each, a 5 week lab period and about 12 weeks of electives. The lab period, which I just entered into, gives a student the possibility of working on a start-up idea or on a consulting project for a major local company (business impact lab). Both of those options combine taking classes and group work. There are two other options that are more hands on and outside of the classroom – an internship or a Social Impact Lab in Peru or Johannesburg which is what I have chosen to do. Social Impact Lab is a part of Leadership Development Program led by Emzingo, a company that “prepares and equips responsible leaders to solve the worlds most pressing problems.” The program gives students the opportunity to act as consultants for nonprofit organizations and social business, to help them with problems in their business models from marketing and branding to financial modeling and fundraising strategies.
Social entrepreneurship has been a concept on the rise over the past few years. Having heard little about it before, I got exposed to it during the MBA and very much became interested. More and more young people feel the urge to give back and are not motivated by the financial gains alone. They want to make a difference and change the life of people in their communities, cities, and countries through innovative solutions. They are visionaries but realists, who combine entrepreneurship skills with the passion to create societal value and drive for a change. Here is a list of 30 under 30 social entrepreneurs and their often simple but scalable, and sustainable ideas.
The trend is there and looking promising. I could not be more excited to be working on a project for an ethical business whose mission is to make other people’s lives better. More about the project in my next post.
Let’s make the world a better place!