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Why study Social Entrepreneurship in Germany

Posted on March 30, 2020
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Exploring different vistas of business stdy overseas could be interesting for you. Learning business and entrepreneurship in universities abroad offers good scope for budding entrepreneurs. Germany is a country emerging as a prospective choice in this regard.

Germany is already a great destination for education for international students. Among the most popular fields of Study in Germany are:

  • Engineering
  • Management
  • Humanities
  • Computer science
  • Fine arts & Applied arts

In Germany, you can learn entrepreneurship in universities/institutes. These have a world-class infrastructure and curriculum. German universities offer excellent courses in business studies. Entrepreneurship is one of the most promoted areas of Study in Germany today. It’s also promoted as a way of employment. The universities/institutes in Germany that provide entrepreneurship courses include:

  • WHU-Otto Beisheim School of Management
  • RWTH Aachen University
  • New European College
  • SRH University Berlin

In entrepreneurship, social entrepreneurship is an area of study that stands out. In fact, it has gained popularity and relevance in a global perspective. Germany gives students the motivation to develop their careers in Entrepreneurship. This benefits the development of social enterprises too.

What is Social Entrepreneurship?

Social entrepreneurship is an ethical concept for those establishing start-ups and enterprises. It concerns solutions for social and environmental issues. A social entrepreneur explores new ways of identifying and solving community-based issues. They focus on developing systems that bring a positive change in society.  Their projects are based on this premise too.

Ethical practice in running enterprises is pivotal to the concept of social entrepreneurship. These include:

  • Impact investing
  • Conscious consumerism
  • Corporate social responsibility programs

A social entrepreneur starts a business to bring greater social good. The enterprises that develop eco-friendly products come under this model of entrepreneurship. There are startups that serve the specific needs of a niche and needy section of the society. Such enterprises are growing in relevance and trending around the globe.

How to learn Social Entrepreneurship?

Social Entrepreneurship is not detached from the core study of entrepreneurship. Programs that teach you about starting enterprises can teach you social enterprise too. Do you wish to explore Social Entrepreneurship through an academic program? Then ensure that enough weightage is given to this aspect in entrepreneurship courses.

The basics of learning to start any enterprise are the same. So is the scope of various kinds of new-age technology and business philosophy. It’s the motive of applying business skills that makes Social Entrepreneurship stand out.

What every typical entrepreneurship course deal with are applicable to Social Entrepreneurship too. The purpose and approach related to it make Social entrepreneurship unique.

Creativity

Creative ideas form the force behind finding solutions. It helps to build mechanisms that improve current situations. Innovative ideas are born from teamwork and networking. Projects are inspired by unique ideas. They are sparked by the will to create constructive solutions. They reflect entrepreneurial creativity.

Technology

Today, businesses have found new forms and a wider audience through technology. A plethora of technological applications nourishes social enterprises. Campaigns for social causes can now be propagated via digital and social media. These help social enterprises build their base. It can be done many times better than was possible decades ago. The place you learn Social Entrepreneurship from must appreciate the development of technology. The potential of technology to create maximum productivity must be recognized and utilized.

Environment

Social enterprises need a conducive environment. It should be open to thinking in a broader perspective. It should welcome positive change to motivate entrepreneurs to build social enterprises. A society with a pragmatic approach to addressing the need for a better ecosystem must be there. The favorable environment for enterprises also means the existence of enterprise-friendly institutions. This applies to everything from education to finance.

Economy

The state of the economy is an important consideration. So is the contribution of entrepreneurs to the economy. It’s better to learn entrepreneurship in a country that’s well-known for industrial growth. The country should encourage a sentiment of self-reliance among people. In such a place, you can learn and apply entrepreneurial skills. The country’s economic background should support a good entrepreneurial idea. It’s necessary to start a successful social enterprise.

Why study in Germany?

Considering all that we talked about, it’s worthwhile to put Germany in perspective. We should check out why it’s a great country to learn social entrepreneurship. This is more so for an international student.

The German entrepreneurship scene was not as good as it is today way back in the 1950s and 1960s. There was a trend of decline in entrepreneurship in the 1990s. The spiking economic crisis prompted the government to act drastically to recover. Since 1997, measures have been taken to encourage start-up entrepreneurs. A climate suitable for young entrepreneurs were created. The emphasis on self-employment leveraged the creation of young entrepreneurs.

The universities began to focus on the aspect of entrepreneurship. They introduced courses to teach all about it to aspiring students. Since 1998, there has been an expansion in the research done about business start-ups. Today, around 100 universities offer academic programs that focus on entrepreneurship. Programs like EXIST were set up by the Federal Ministry of Economic Affairs and Technology.  They promoted the entrepreneurial spirit in higher education.

National and regional projects dealing with economic education has increased in schools. Projects like “Jugend gründet” (means young people startup) got introduced. Pupil-run companies have also expanded.

There’s a coming-of-age social perspective of a business. There’s a boost in learning and practicing social entrepreneurship in Germany.

The academic programs on entrepreneurship in Germany

Here’s a list of few post-graduate courses in entrepreneurship you can Join in Germany.

  • Grenoble MSc Innovation, Strategy and Entrepreneurship – GISMA Business School, Berlin
  • MA in Innovation and Entrepreneurship (MAIE) – Berlin School of Business & Innovation
  • Master Innovation and Entrepreneurship – Munich Business School
  • Master in Business Management (MBM) Entrepreneurship & Innovation – New European College, Munich
  • Master in Entrepreneurship – WHU – Otto Beisheim School of Management

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Germany- an ideal country for higher education

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