Certificate of Achievement
has completed the following course:
Commercialization of Social Enterprises: Stemming the Tide of Mission Drift
Université Libre de Bruxelles
We studied the motivations of social entrepreneurs and analyzed very recent data on happiness, globalization, inequality and financial exclusion. We also analyzed the respective impact of two key dimensions of commercialization: the institutional transformation to a regulated or for-profit organisation and the increasing use of commercial financing.
5 weeks, 3 hours per week
Marek Hudon
Professor at the Solvay Brussels School of Economics and Management (SBS-EM), Founder and academic director of the European Microfinance Programme(EMP) and Co-Director of the Centre for European Research in Microfinance (CERMi)
Université Libre de Bruxelles
Transcript
Learning outcomes
- 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 organization 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.
Syllabus
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 commercialisation of microfinance and what is common to all social enterprises.
Issued on 31st March 2017
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