Smith School Launches Social Value Center

The University of Maryland’s Robert H. Smith School of Business announced that a new Center for Social Value Creation will launch Friday, September 25, with an event in Washington, D.C., to explore how leaders create, build and sustain organizations for social impact while meeting business goals.

The center’s priority is to engage students in courses and experiential learning programs to enable them to become global leaders who understand how to use business as a vehicle for both economic prosperity and transformative social change, and to support faculty research in related areas.

“We are committed to giving our students the hands-on experiences that will help shape them as business leaders with a deep sense of individual responsibility who have the knowledge and tools to use business as a vehicle for social change,” said Smith School dean G. “Anand” Anandalingam.

Programs include the Social Venture Consulting Program and Global Impact Program study trips and give students opportunities to engage in real field work consulting with nonprofits locally or by traveling to developing economies.

The Center for Social Value Creation also supports related faculty research and bridging this theory with practice by working to infuse social value concepts throughout the coursework for all students.

“Over the next several decades we will see an evolution from pure private-sector market capitalism to much deeper and broader private-public partnerships, with a resurgence of focus on business ethics, environmental sustainability and social value creation,” said Melissa Carrier, executive director of the Center for Social Value Creation. “This is where business is headed, and we are preparing our students to lead in this new paradigm.”

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