In the last few decades globalization has transformed the economic and social landscape. Corporations have grown vastly both in number and size, commanding resources on a level sometimes greater than that of national governments. Governments responding to the economic challenges posed by globalization have moved from a focus on social welfare and provision of social services to a focus on fiscal prudence and economic competitiveness. As the state retracted, business, either by default or by its own initiative, became more influential over economies, cultures, social values, and civic life. The information technology revolution created vast new opportunities for creating economic value as well as organizing people, ideas, and action. At the same time the number and effectiveness of the civil society actors has mushroomed globally. In the midst of these changes, there has been enormous experimentation and interest among companies, foundations, social entrepreneurs, NGOs, social investors and governments to test new ways to harness the market and private enterprise to address deep-seated societal problems. This course will look broadly at how the introduction of new private sector players and approaches are affecting both social innovation (the process of creating social value) and social investment (the process of investing in organizations that create social value). This course will provide a broad overview of new approaches to social innovation and social investment. It will be will look at the way different types of actors (companies, foundations, social entrepreneurs, capital markets, governments, individuals) create social value and engage in social investing. We will look at how the different actors approach the subject from a strategic standpoint, explore cutting edge market-oriented practices, the core drivers and context for change, what are some of the core challenges of applying these new practices and what is needed to support the growth of social innovation and investment. The course will involve readings, exercises, papers and cases. Several speakers will be invited over the semester. Elective in the Global Management and Policy and Social Entrepreneurship areas of specialization.