6. Conclusion
In this paper, we provided an example of how experiential learning can be used to effectively incorporate social entrepreneurship into the MBA curriculum. With a well-designed experiential learning program, students have the opportunity to directly apply the knowledge and skills they have learned in business school, grow personally and professionally, and add value to society at-large. Participants experience this program in an international context, which is designed into the program to enhance participants’ intercultural skills. Overall, experiential learning is a useful tool and should be a strong component of entrepreneurial education (Tracey & Phillips, 2007). It is a core learning component in educating the next generation of students (James & Schmitz, 2011), and when considered in the context of business education, it is a way to leverage several of the methods Tracey and Phillips (2007) suggest in order to incorporate social entrepreneurship into the curricula. This paper discussed the different ways that various MBA programs are introducing social entrepreneurship in their curricula. Social Entrepreneurship can be used to introduce managers to two very vital aspects of business practice that they would otherwise not experience in a typical MBA program. First, they are exposed to the social sector in the form of not-forprofits or social enterprises, and it also allows them to understand how this sector is different from the typical management systems that they are accustomed to. Second, they will also develop a better understanding of the social sector and how it impacts the economy. This will allow these future managers to better position their firms to create long-term business value.