U.Va. Darden Strategy MOOC Offers Student Support to For-Profit and Nonprofit Organizations

14/08/2013

The University of Virginia Darden School of Business announced today that Professor Michael Lenox’s upcoming massive open online course (MOOC), “Foundations of Business Strategy,” would enable students to address the needs of for-profit and nonprofit ventures through Coursolve, a platform that connects courses with organizations to empower students to solve real-life challenges. The course, which will offer an overview of the underpinnings of successful business strategies, begins on 2 September and will run for six weeks. Solutions  

“Entrepreneurs don’t always have the resources to hire external support to address their needs, but we’ve seen firsthand that students are hungry for the chance to apply their knowledge to real-world problems,” Lenox said. “By collaborating with organizations, students can strengthen their skills development while potentially providing businesses and nonprofits with valuable insights.”

When Lenox first offered the course in March, it quickly became one of the top-enrolled MOOCs, cracking Bloomberg’s Top 10 List in this category. For a final project, students were asked to complete a strategic analysis of an organization of their choosing. While not required, more than 400 students elected to complete analyses in partnership with 100 different organizations, including established businesses, startups, resource-strapped nonprofits and social enterprises. In one such collaboration, insights from a group of students led an entrepreneur to shift his biotech startup from a service-based to a product-based business model.

Lenox worked with Nabeel Gillani, Oxford University graduate student and co-founder of Coursolve, to gain insights into how these collaborations unfolded.

“We saw some truly compelling interactions that demonstrated the potential of real-world problem solving in education. What’s more, both students and organizations expressed interest in future collaborations,” said Gillani. “We’ve analyzed their feedback and used it to design a platform that helps facilitate and scale these connections.”

As executive director of Darden's Batten Institute for Entrepreneurship and Innovation, Lenox has his finger on the pulse of the many challenges that early-stage startups face. He views Coursolve as a vehicle to provide benefits to students and organizations alike — students will develop core competencies from applying their learning to real-world contexts, while entrepreneurs and nonprofits will gain insights from students’ analyses.

For their final project, students in Lenox's MOOC will again choose an organization and conduct a strategic analysis. Lenox encourages entrepreneurs and nonprofit professionals to post their needs to Coursolve to receive support from students. “More than one student may address a need, but there is no guarantee that all organizational needs will be met. This platform is an opportunity to pool vast intellectual resources to improve these odds,” concluded Lenox. 

Interested students can sign up for the course at https://www.coursera.org/course/strategy101. Students and organizations may also register for updates on Coursolve’s launch at http://www.coursolve.org.

For questions or information, contact Matt Charles at charlesm@darden.virginia.edu or a member of the Communication team.

About the Darden School of Business
The University of Virginia Darden School of Business is one of the world's leading business schools, offering MBA, Ph.D. and Executive Education programs. The unique Darden experience combines the case study method, top-ranked faculty whose research advances global managerial practice and business education, and a tight-knit learning environment to develop responsible and complete leaders who are ready to make an impact.

About the Darden Batten Institute for Entrepreneurship and Innovation
The Batten Institute at the Darden School of Business improves the world through entrepreneurship and innovation. The institute's academic research center advances knowledge that addresses real-world challenges and shapes Darden's curriculum, and the Center for Entrepreneurial Leadership offers one of the world's top entrepreneurship programs. The Batten Institute was established with gifts now totaling more than $100 million from U.Va. alumnus Frank Batten Sr., a media pioneer, visionary and founder of The Weather Channel.

About Coursolve
Coursolve connects courses with organizations to empower students to solve real-world problems. Its online platform to source course projects and organizational needs will launch in September 2013 with online and offline course partnerships in business strategy. To date, Coursolve has extended its services to more than 150,000 students and 1,000 organizations worldwide.

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