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July 28, 2017
MLD-830 Entrepreneurship and Innovation in the Private and Social Sectors
John F. Kennedy School of Government
Harvard University Fall Term (1 credit)
Mondays 4:15pm – 6:00pm BL-1 (Weil Town Hall)
Belfer Lobby
Shopping Day: Monday 8/28/2017
4:15-5:30pm BL-1 (Weil Town Hall)
Introductory Session:
Friday 9/1/2017 4:15-6:00pm
BL-1 (Weil Town Hall)
Richard E. Cavanagh
[email protected] Phone: 617-495-0544
Office: Belfer 511
Course Assistant: Paul Hogge
Faculty Assistant: Scott Stackpole
[email protected] Phone: 617-495-9965 Office: Taubman 473
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Course Description and Requirements
MLD-830 explores the theory and practice of entrepreneurial management in the private and social sectors. The course seeks to prepare students for future work and leadership in and with entrepreneurial ventures and to provide an informed perspective to those who may someday promote or regulate such ventures. Unlike its sister Spring course, MLD-831, MLD-830 is geared to students interested in, but not committed to, entrepreneurial careers.
For most of the course, with the help of readings and case studies, we will discuss and explore entrepreneurial strategies, management and leadership in each sector. By the fourth session (September 28) the class will divide into small groups to work on a research project and presentation. (These working sessions will occur outside of normal class hours, with the instructor/CA attending some of them. They will be scheduled at mutually convenient times in the evenings or weekends.) Each group will present their findings in late November to the full class. In addition to the presentation, there will be a 2 hour final take home exam. Grades will be based on 1/3 class participation, 1/3 final exam and 1/3 group research project.
Students without prior academic or professional exposure to financial management are urged to enroll in Entrepreneurial Finance (MLD-829 MA) concurrently.
Recommended Texts: Three books will figure prominently in the course, which you should own: Peter F. Drucker, Innovation and Entrepreneurship (Harper & Row Publishers, 1985)
• Available for purchase at the Harvard Coop or on reserve at the HKS Library • Not in course packet
David Bornstein, How to Change the World: Social Entrepreneurs and the Power of New Ideas (Oxford University Press, 2004)
• Available for purchase at the Harvard Coop or on reserve at the HKS Library • Not in course packet
Ashoka—Innovators for the Public, Leading Social Entrepreneurs (Arlington, VA)
• To be provided gratis by instructor • Not in course packet
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MLD-830 Schedule
Monday, August 28, 2017 Shopping Day
Session 1: **Friday, September 1 Introduction – Preview and Student Introductions
**Note special start date for Monday-only classes Monday, September 4 Labor Day – Harvard Holiday Session 2: Monday, September 11 What is Entrepreneurship?
Global Heroes: A Special Report on Entrepreneurship (March 14, 2009) The Economist. Pp.1-20
Schumpeter, Joseph A., The Theory of Economic Development, Harvard University Press: Cambridge, 1961. Pp.74-94 Drucker, Peter F., Innovation and Entrepreneurship: Practices and Principles, Harper & Row Publishers: New York, 1985.Introduction and Chapters 1-10
Stevenson, Howard H., “A Perspective on Entrepreneurship,” Apr. 13, 2006. HBS Case no. 9-384-131.
Session 3: Monday, September 18 Business Plans Drucker, Peter F., Innovation and Entrepreneurship, Chapter 15
Sahlman, William, “How to Write a Great Business Plan,” July 1, 1997. Harvard Business Review, #97409. Walton, Ennis J. and Michael J. Roberts, “The Business Plan,” Oct. 21, 1998. HBS Case no. 9-389-020. Stevenson, Howard H. and Michael J. Roberts, “New Venture Financing,” Aug. 1, 2006. HBS Note no. 9-802-131. Higgins, Robert, F., Introduction to Business Plans, 2012, pp. 1-11
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Foreman, Judy, “The Big Thaw,” The Boston Globe, July 6, 2010 http://articles.boston.com/2010-07-26/lifestyle/29290260_1_freeze-eggs-offer-egg-fertility
CASE: Hart, Myra M., and Sylvia Sensiper. "Extend Fertility." Harvard Business School Case N9-805-065, December 2004 (Revised July 21, 2005.)
Visit by an entrepreneur/investor (invited). Session 4: Monday, September 25 Private Sector I
Starbucks: Howard Schultz vs. Howard Schultz (August 6, 2009) Business Week, Pp. 28-33. Miller, Claire Cain, “Now at Starbucks: A Rebound” (January 20, 2010) The New York Times. http://www.nytimes.com/2010/01/21/business/21sbux.html
Farrell, Greg, “Return of the Barrista-in-Chief” (March 22, 2010) Financial Times: http://www.ft.com/cms/s/0/98cfd9ee-3388-11df-9223-00144feabdc0.html#axzz1SZKUa5Lq
CASE: Koehn, Nancy F., “Howard Schultz and Starbucks Coffee Company,” Sept. 30, 2005. HBS Case no. 9-801-361.
Session 5: Monday, October 2 Private Sector II
Zipcar—The best new idea in business (September 24, 2009) Fortune, cover and Pp 42-52.
Hammermesh, Richard G., Paul W. Marshall and Taz Pirmohamed, “Note on Business Model Analysis for the Entrepreneur,” Jan. 22, 2002, HBS Case no. 9-802-048. CASE:
Hart, Myra, Michael J. Roberts and Julia D. Stevens, “Zipcar: Refining the Business Model,” Oct. 1, 2001. HBS Case no. 9-803-906.
Visit by an entrepreneur/angel investor (invited).
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Monday, October 9 Columbus Day – Harvard Holiday Session 6: Monday, October 16 Process Innovation – Social and Commercial
Drucker, Peter F., Innovation and Entrepreneurship, Chapters 11, 12, 13, 14.
Anand, Geeta, The Henry Ford of Heart Surgery, The Wall Street Journal, November 21-22, 2009, Pp. 1, 12.
CASES:
Rangan, Kasturi, “The Aravind Eye Hospital, Madurai, India: In Service for Sight,” Jan. 10, 2007, HBS Case no. 9-593-098 Khanna, T. and Rangan, Kasturi, “Narayana Hrudaylaya Heart Hospital: Cardiac Care for the Poor,” April 25, 2006, HBS Case no. 9-505-078
Session 7: Monday, October 23 Microfinance-Social and Commercial
Bornstein, David, How to Change the World: Social Entrepreneurs and the Power of New Ideas, Chapters 1, 8, 18, 21.
Dees, J. Gregory, “The Meaning of “Social Entrepreneurship,” Pp. 1-5 World Microfinance Forum Geneva, (October 2008), “Is it fair to do business with the poor?” Pp. 1-12. Neha, Thirani, India Ink, “Yunus Was Right, SKS Microfinance Founder Says, New York Times, Feb. 27, 2012 Vikas Bajaj, “Amid Scandal, Chairman of Troubled Lender Will Quit, New York Times, November 23, 2011
CASES:
Kennedy School of Government Case Program, “Muhammad Yunus and the Grameen Bank,” KSG Case no. 1830.0
Cole, Shawn A., and Theresa Chen. "SKS Microfinance." HBS Case 9 -208-137, March 16, 2009
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Session 8: Monday, October 30 Social Sector Funders
Ashoka Innovators for the Public, Leading Social Entrepreneurs, Ashoka 2010. (To be distributed)
Bellows, Keith, “Agent of Change,” National Geographic Traveler, July 1, 2008, Pp. 32-33. http://www.ashoka.org/sites/ashoka/files/Nat_Geo.pdf Bornstein, David, How to Change the World, Chapters 2, 5, 6, 10, 12, 14, 20 and 21. Caplan, Jeremy and Dell, Kristina, “The Case For National Service,” Time, August 30, 2007. http://www.time.com/time/specials/2007/article/0,28804,1657256_1655085_1654851,00.html
Drayton, Bill, “Everyone A Changemaker: Social Entrepreneurship’s Ultimate Goal,” MIT Press with Harvard University and George Mason University, Pp.1- 27. Drayton, Bill, “Tipping the world: The power of collaborative entrepreneurship”, What Matters, McKinsey & Company, 8 April 2010 Goff, Clare, “The Steady Rise of the ‘Citizen Sector’,” Financial Times, March 1, 2006.
Session 9: Monday, November 6 Social Sector Funders
Battilana, Julie, Lee, Mathew, Walker, and Dorsey, Cheryl: In Search of the Hybrid Ideal, Stanford Social Innovation Review, (Summer 2012), pp. 51-55
Dorsey, Cheryl, Toward a Theory of SEQ (Social Entrepreneurship Quotient), Echoing Green, October 2009.
Echoing Green Annual Report (To be distributed) CASE:
Battilana, Julie, Delong, Thomas, and Weber, James, “Echoing Green,” HBS Case no. 9-410-013, December 7, 2009.
Visit by Echoing Green leader (invited)
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Friday, November 10 Veterans Day – Harvard Holiday Session 10: Monday, November 13 Cross Sector Joint Ventures
Werth, Barry, Billion Dollar Molecule, (New York: Simon & Schuster, 1994). Chapters 1 & 2, pp. 11-36
Groopman, Jerome, “Open Channels: Do new Cystic-Fibrosis therapies hold the key to treating other genetic disorders?” The New Yorker, May 4, 2009, Pp. 30-34.
CASE: Higgins, Robert F., Sophie Lamontagne and Brent Kazan, “Vertex Pharmaceuticals and the Cystic Fibrosis Foundation,” HBS Case no.9-808-005.
Visit by founder (invited) Session 11: Monday, November 20 Group Presentations Weds – Fri, Nov 22-24 Thanksgiving Recess – Harvard Holiday Session 12: Monday, November 27 Group Presentations
Drucker, Peter F., Innovation and Entrepreneurship, The Entrepreneurial Society, pp. 253-266
Take-Home Exam Due by 5:00pm Monday, December 11
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MLD-830 – CLASS CALENDAR – Fall 2017
Sun Mon Tues Wed Thurs Fri Sat AUGUST 27 28
Shopping Day
29
30 31 SEPT 1 Introduction** **Note special course start date
2
SEPTEMBER 3 4 Labor Day Holiday
5 6 7 8 9
10 11 Entrepreneurship
12 13 14
15
16
17 18 Extend Fertility
19
20
21 22
23
24 25 Starbucks
26 27 28 29 30
OCTOBER 1 2 Zipcar
3
4 5 6 7
8 9 Columbus Day Holiday
10
11 12 13
14
15 16 Hospitals
17 18 19 20 21
22 23 Microfinance
24
25
26 27 28
29 30 Ashoka
31
NOV 1 2 3 4
NOVEMBER 5
6 Echoing Green
7
8
9
10 Veterans Day Holiday
11
12
13 Vertex
14 15
16 17 18
19 20 Presentations
21
22 Thanksgiving Holiday
23 Thanksgiving Holiday
24 Thanksgiving Holiday
25
26 27 Presentations + Summary
28
29 30 DEC 1 HKS Classes End
2
DECEMBER 3 4
5
6 7
8
9
10 11 Take Home Exam Due BY 5 PM
