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New Models of Business in Society

University of Virginia via Coursera

12 Reviews 537 students interested
Found in Business
  • Provider Coursera
  • Cost Free Online Course (Audit)
  • Session In progress
  • Language English
  • Certificate Paid Certificate Available
  • Effort 2-3 hours a week
  • Start Date
  • Duration 4 weeks long
  • Learn more about MOOCs

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Overview

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In this course we will be discussing the emergence of a new story about business. This new story locates business within a societal framework. Almost every business creates or destroys value for customers, suppliers, employees, communities and society, in addition to shareholders and other financiers. A number of new models of business can be built on this idea such as corporate responsibility, philanthropy, shared value and sustainability. Profits and stakeholder value go together, and this course explains how. The final session explores the idea of how to become a stakeholder entrepreneur and create a business that makes money and makes the world a better place.

Syllabus

Business in Society: The Problem
-We will begin the course learning the dominant story of business and discussing the four flaws in the dominant story. We will learn about the global financial crisis and how a new story is now emerging.

Corporate Philanthropy and Corporate Social Responsibility
-In our second module, we discuss both the histories and current issues surrounding corporate philanthropy, corporate social responsibility, and the environmental crisis.

Creating Value for Stakeholders
-In our third module, we look at the stakeholder approach to business, it's purpose and what it looks like to create value for stakeholders.

Becoming a Stakeholder Entrepreneur
-We close the course by learning how to become a stakeholder entrepreneur by discussing specific examples. This module concludes with an opportunity for what your next steps might be as a stakeholder entrepreneur.

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Reviews for Coursera's New Models of Business in Society
3.8 Based on 12 reviews

  • 5 stars 33%
  • 4 stars 33%
  • 3 stars 25%
  • 2 star 0%
  • 1 star 8%

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  • 1
Anonymous
1.0 5 years ago
Bart completed this course.
I have experience in the field.

Compared to most courses, this one is really short and easy.

What I didn't like:

* Ideas and opinions of the professor are sometimes stated as facts.

* Non negligible parts of the quiz focussed on irrelevant details.

* The course presented several ideas as a short lists of key principles. I believe the danger of doing it this way, is that you actually might believe those principles cover all cases instead of most cases or some cases.

* Quizzes are uninspiring.

* You can re…
1 person found
this review helpful
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Anonymous
4.0 5 years ago
Anonymous completed this course.
I really appreciated this class. I have been trained in the traditional competitive business model, and this class helped me think differently and question many of my previous beliefs. Thank you.
1 person found
this review helpful
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Jonathan G
5.0 4 years ago
by Jonathan completed this course, spending 5 hours a week on it and found the course difficulty to be medium.
this course really helped me build ethical business models or at least give me ideas of how it is properly structured.
1 person found
this review helpful
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Pete O
4.0 2 years ago
by Pete completed this course, spending 2 hours a week on it and found the course difficulty to be easy.
A strange course, with an interesting lecturer - but great material around new approaches to dealing with stakeholders.

I probably won't ever do any follow up learning, but pleased I had this exposure.
Was this review helpful to you? Yes
Kinshuk K
4.0 2 years ago
by Kinshuk completed this course, spending 2 hours a week on it and found the course difficulty to be medium.
It was a good course. Did it long ago. Focusses on business and philanthropy - society conscious capitalism. Very hard to practice though. Thanks
Was this review helpful to you? Yes
Ashley E
5.0 3 years ago
by Ashley completed this course, spending 1 hours a week on it and found the course difficulty to be very easy.
Great food for thought with a very engaging prof, though I would say it's more of a long TED Talk than a course. I still found it very enjoyable.
Was this review helpful to you? Yes
Ann-sofie O
5.0 4 years ago
by Ann-sofie completed this course, spending 6 hours a week on it and found the course difficulty to be medium.
Gave me some new interestingnew perspectives on business, Short course but filled with information. Engaging professor. I recommend the course.
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María
3.0 4 years ago
by María completed this course.
1 person found
this review helpful
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Bill A
5.0 2 years ago
Bill completed this course.
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Janet W
3.0 3 years ago
by Janet completed this course.
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Jeroen J
3.0 4 years ago
Jeroen completed this course.
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Seda Ö
4.0 2 years ago
Seda completed this course.
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  • 1

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