Business & Social Innovation Intensity Track
Now more than ever, entrepreneurial leaders and business students need to better understand the changing role of business in today's society. This offering provides resources, networks, skills, and knowledge within the MBA program, allowing our graduates to be relevant, responsive, and proactive to these changes.
In 2017, the Graduate School launched the Business and Social Innovation Intensity Track for MBAs focused on developing the mindset, skills, and competencies needed to create economic and social value simultaneously. This Intensity Track begins to connect students to expanded resources and networks that are valuable in leading social value creation, whether inside a business or in any other domain.
"We are thrilled to offer the Business and Social Innovation Intensity Track designation in our MBA program," says Cheryl Kiser, executive director of the Institute for Social Innovation. "We designed this track for our students to extend their learning beyond the classroom and gain real-world experience in how social impact and innovation are created."
The Business and Social Innovation Intensity Track will emphasize the UN Global Goals as a framework for sustainable economic and social value creation.
Intensity Track Requirements
We encourage you to apply early so the Institute for Social Innovation team can help guide you through the process.
Those interested in applying for this designation should submit an application here. All applications will be reviewed on a weekly basis and students may be contacted for follow-up information. If you have questions about the status of your application or need more information, please contact Jennifer MacDonald.
You do not need to have completed (or even have started) the requirements to apply. On the application, you'll have the opportunity to indicate your intentions for this track, including courses you are planning to take in the future.
Complete one Social Innovation Experience:
- Social Innovation Inventureships
- Babson Board Fellows Program - resumed for Fall 2021, applications due July 16, 2021
- Independent Study or MCFE (approved by the Institute for Social Innovation)
- MBA7502: Future Lab: Mobility Opportunities course* (Fall 2019)
- MBA7503: Future Lab: Mobility Innovation course* (Spring 2020)
- MBA7506: COVID Sprint* (Summer 2020)
- MFE7500: International Consulting Experience* (Spring 2022)
- OIM7512: FutureLab: Design-Led Innovation* (formerly MBA7503) (Spring 2022)
* course can fulfill either the experiential or the academic requirement
Complete at least 3-course credits, between the academic approved course list and the Social Innovation Experience.
Please note: Approved courses are continually being added to this track. If you have taken a course and/or credit-bearing experience that you believe will fit with this designation, please include the course/experience and description on your application and why you feel it should be added.
Approved Academic Courses List
Courses being offered Spring 2022:
- ACC7503: Designing a Business for Profitability (3 cr.)
- ACC7800: Financial and Sustainability Reporting (2 cr.)
- EPS6601: Corporate Entrepreneurship (3 cr.)
- EPS7520: Managing Growing Businesses (3 cr.)
- EPS9507: Food Entrepreneurship (3 cr.) New course
- EPS9508: Corporate Innovation as a Profession: Designing Innovation Roles (1.5 cr.)
- MBA7401: Disruptive Change and Enterprise Transformation (formerly Business Model Innovation) (1.5 cr.)
- MBA7602: Special Topics: Social Innovation (3 cr.)
- MFE7500: International Consulting Experience (3 cr.) New course
- OIM7505: Digital Transformation (formerly MIS7505) (3 cr.)
- OIM7512: FutureLab: Design-Led Innovation (formerly MBA7503) (3 cr.)
- OIM7525: Agile Experimentation (formerly MIS7525) (3 cr.)
Courses previously offered or offered other semesters:
- ACC7200: Financial Reporting (2 cr.)
- ACC7502: Financial Statement and Sustainability Analysis for Entrepreneurial Leaders (1.5 cr.)
- EPS7503: Creating Epic Organizations (3 cr.)
- EPS7538: Japan: Institutions and Entrepreneurship (3 cr.)
- EPS7539: Future Trends in EPS Ventures (3 cr.)
- EPS7543: Technology, Entrepreneurship, and Design in Sweden (3 cr.)
- EPS9555: Public Policy Entrepreneurship (1.5 cr.)
- FIN7517: Financing and Valuing Sustainability (3 cr.)
- FIN7531: Impact Investing and Social Finance (1.5 cr.)
- MBA7502: FutureLab: Mobility Opportunities (3 cr.)
- MBA7506: COVID Sprint (3 cr.)
- MBA7541: Building and Leading Conscious Business (3 cr.)
- MOB7504: Mysteries, Puzzles and Wicked Problems (3 cr.)
- MOB7518: Solving Big Problems (3 cr.)
- MOB7522: Leading Sustainable Innovation (3 cr.)
- MOB7526: Doing Business in Brazil (3 cr.)
- MOB7548: Leading for Social Value (1.5 cr.)
- MSM6110: Global Entrepreneurship Experience (3 cr.)
To ensure literacy of the UN Global Goals, all students must attend an Uncommon Table conversation focused on the UN Sustainable Development Goals.
Students must read Good Company by Arthur M. Blank and one other selection from the following list and write a short reflection piece:
- Creating Social Value by Cheryl Kiser and Deborah Leipziger with J. Janelle Shubert
- Project ROI (pdf) by Steve Rochlin, Richard Bliss, Stephen Jordan, Cheryl Yaffe Kiser
- Corporate Social Innovation (pdf) by Philip Mirvis & Bradley Googins with Cheryl Kiser
- How Social Entrepreneurs Can Have the Most Impact by Katie Smith Milway
- Transformative Scale: The Future of Growing What Works by Jeffrey Bradach & Abe Grindle
- From Start-up to Scale (pdf) by The Bridgespan Group
- Intergalactic Design Guide by Cheryl Heller
- Social Value Investing by Howard W. Buffett and William B. Eimicke
Students who have successfully completed the Track requirements can use the "Business and Social Innovation Intensity Track" qualification on their resumes, LinkedIn profiles, and other personal and professional documents. Students and alumni can work with Grad CCD and the Institute for Social Innovation to communicate this intentional focus more broadly. In addition, MBAs will receive a special designation at Commencement.
Questions about the Business & Social Innovation Intensity Track? Email Jen MacDonald or attend our Open Office Hours.