Many social enterprises are becoming more commercial, adopting the techniques, funding or governance more usually associated with for-profit ventures. In this online course, social enterprise and microfinance experts from Université Libre de Bruxelles and their guests will shed new light on this trend. They will ask how commercialization affects the management and operations of social enterprises, and which avenues could or should be used to avoid mission drift.
What topics will you cover?
Why social entrepreneurs innovate The motivations behind starting a social enterprise; new data related to inequality and happiness; the link between financial exclusion and poverty; and how social innovation has tried to tackle these problems. Microfinance practices The basics of microfinance, covering its historical roots and evolution, and the current provision of financial and non-financial services. When a not-for-profit becomes a for-profit organisation How institutions evolve beyond the not-for-profit structure; case studies exploring the impact, both internally and externally, of such a transition; and the concept of mission drift. Sources of financing, mission drift and zoom out How different sources of financing impact the social mission of microfinance institutions; the different strategies and practices to avoid mission drift in social enterprises; and what is specific to the commercialization of microfinance and what is common to all social enterprises.
What will you achieve?
- Describe the context in which social innovations (such as microfinance) emerge by relying on empirical data regarding poverty and financial exclusion.
- Explain the evolution and the main features of the microfinance sector regarding products and services as well as organizational structure.
- Describe what happens when a non-profit organisation becomes a regulated for-profit company.
- Identify the practical implications of the transformation from a non-profit organisation to a for-profit company.
- Identify the managerial implications related to the shift of business model or to commercial sources of financing.
- Discuss the managerial implications related to the shift of business model or to commercial sources of financing.
- Produce different strategies and practices to avoid mission drift in social enterprises.
- Identify what is specific to the commercialization of microfinance and what is common to all social enterprises.
Who is the course for?
This course is designed for students and practitioners in social enterprises or microfinance, and more generally everyone who wants to know more about social enterprises and microfinance.
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