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New Models of Business in Society

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Course Summary

Learn about the relationship between business and society and how to create value for both with this course from the Darden School of Business at the University of Virginia.

Key Learning Points

Understand the role of business in society and how it can be used to create positive impact
Learn how to balance the needs of stakeholders and create value for all
Explore case studies and real-world examples of successful business-society relationships

Learning Outcomes

Understand the importance of business-society relationships
Learn how to create value for both business and society
Develop skills to navigate complex stakeholder relationships

Prerequisites or good to have knowledge before taking this course

Basic understanding of business concepts
Willingness to engage in critical thinking and discussion

Course Difficulty Level

Intermediate

Course Format

Online
Self-paced
Video lectures
Case studies
Discussion forums

Similar Courses

Corporate Social Responsibility
Sustainable Business Strategy
Ethical Leadership

Related Education Paths

Notable People in This Field

Economist and Nobel laureate
Entrepreneur and sustainability expert
Founder of The Body Shop

Related Books

Description

In this course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, 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.

Knowledge

New models of how to run an effective business that makes the world a better place
Corporate responsibility, philanthropy, and building sustainable value
Creating value for stakeholders through conscious capitalism and stakeholder theory
How to develop a business idea that makes money and makes the world a better place

Outline

Business in Society: The Problem
Business in Society: Course Overview
The Dominant Story of Business
Four Flaws in the Dominant Story
The Fourth Flaw
The Global Financial Crisis
New Story is Emerging
About the Professor
Business in Society: The Problem

Corporate Philanthropy and Corporate Social Responsibility
Corporate Philanthropy History
Corporate Philanthropy Current Issues
Corporate Social Responsibility
Corporate Philanthropy and Corporate Social Responsibility: Next Steps
The Environmental Crisis Argument
The Shades of Green Argument
The Challenges of Environmentalism
Corporate Responsibility, Philanthropy and Building Sustainable Value: The Role of Capitalism in Society

Creating Value for Stakeholders
The Emergence of a Stakeholder Approach to Business
It's Purpose, Not Profits
The Interconnection and No Trade-off Principles
The Friction Principle
Examples of Creating Value for Stakeholders
Conscious Capitalism
Employee Engagement
Creating Value for Stakeholders

Becoming a Stakeholder Entrepreneur
Social Entrepreneurship to Stakeholder Entrepreneurship
Husk Power
Maggie's Ethical Auto Repair
Red Goat Records and Passion
Can One Person Make a Difference?
Summary and Next Steps
Becoming a Stakeholder Entrepreneur

Summary of User Reviews

Read the reviews for UVA Darden Business Society course on Coursera. The course received positive feedback from users. Many users appreciated the course for its practicality and relevance to the business world.

Key Aspect Users Liked About This Course

Many users thought the course was practical and relevant to the business world.

Pros from User Reviews

Real-life case studies helped users understand business concepts better
The course is well-structured with clear explanations and examples
The instructors are knowledgeable and engaging
The course materials are comprehensive and easy to follow

Cons from User Reviews

Some users found the course content too basic and not challenging enough
The course is time-consuming and requires a lot of effort
The discussions and assignments can be repetitive
The peer review process for assignments can be frustrating
Some users experienced technical issues with the platform

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