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Online course

Commercialization of Social Enterprises: Stemming the Tide of Mission Drift

Find out how to avoid mission drift when transitioning a social enterprise or microfinance venture into a for-profit organisation.

Free:

  • Access to the course for its duration + 14 days, regardless of when you join (this includes access to articles, videos, peer review steps, quizzes)
  • No access to course tests
  • No certificate

Upgraded:

  • Unlimited access to the course, for as long as it exists on FutureLearn (this includes access to articles, videos, peer review steps, quizzes)
  • Access to course tests
  • A Certificate of Achievement when you complete the course

Find out more

Commercialization of Social Enterprises: Stemming the Tide of Mission Drift

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Why join the course?

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 commercialisation 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 commercialisation of microfinance and what is common to all social enterprises.

What will you achieve?

By the end of the course, you will be able to:

  • Describe the context in which social innovations, such as microfinance, emerge

  • Explain the evolution and the main features of the microfinance sector, including products, services and organisational structure

  • Describe what happens when a not-for-profit organisation becomes a regulated for-profit company

  • Identify the practical implications of such a transformation

  • Produce different strategies and practices to avoid mission drift in social enterprises

  • Identify and discuss the managerial implications related to the shift of business model or to commercial sources of financing

  • Identify what is specific to the commercialisation of microfinance and what is common to all social enterprises

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Skip to 0 minutes and 9 secondsHello! My name is Marek Hudon. I'm a professor at the Université libre de Bruxelles in Belgium where I am one of the co-directors of the Centre for European Research in Microfinance. I would like to invite you to an online course on the commercialization of social entreprises. A long long time ago, the world of social entreprises was a quiet sea where the social mindset was omnipresent but outreach was somewhat limited. Then came waves of commercialization or marketization… these waves have fundamentaly modified the landscape of social enterprise which today is almost unrecognizable to some early pioneers. Some industry captains considered these changes to be a wonderful opportunity to reach new horizons and impact more people.

Skip to 0 minutes and 50 seconds Other industry pioneers were fundamentally concerned by commercialization, concerned by the risk of mission drift, and that this new direction could leave the industry in wreckage. This free online course will offer you two insights on the issue of commercialization. First, how commercialization affects the management and operations of social enterprise. Second, which avenues could or should be used to avoid mission drift; that is how to stem the tide to mission drift? Most of the time we will start with a case from microfinance, which is often presented as the poster child of social enterprise. How will we address this issue? Commercialization can be operationalized both in the institutional transformation to a regulated or for-profit organisation or the increasing use of commercial financing.

Skip to 1 minute and 35 seconds While the starting point will often be the microfinance sector, we will always look to see whether our results are generalizable to other types of social entreprises, such as fair trade or work integration social entreprises. This project is intended to be participatory and inclusive. You will indeed be constantly involved in the MOOC, particularly to brainstorm about the policies to avoid mission drift. We will also have the opportunity to listen to many high-profile guest-speakers, which include not only leading academics such as Jonathan Morduch or Paul Collier but also well-known practitioners.

Skip to 2 minutes and 11 secondsThe MOOC will be free of charge. To register you can simply click on the link provided. I hope to see you soon.

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 commercialisation of microfinance and what is common to all social enterprises.

When would you like to start?

  • Date to be announced

What will you achieve?

By the end of the course, you'll be able to...

  • 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.

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.

What do people say about this course?

An excellent course.

Michael Park
New Brunswick, Canada

This method of learning was great for me.

Helena Llorente
Spain

Who will you learn with?

Marek Hudon

Marek Hudon is a Professor at the Solvay Brussels School (SBS-EM), Université Libre de Bruxelles. He is the founder of the European Microfinance Program (EMP) and the co-director of CERMi and CEESE.

Who developed the course?

The Université Libre de Bruxelles, founded in 1834, has 13 faculties, schools and specialized institutes that cover all disciplines, closely combining academic input and research.

Free:

  • Access to the course for its duration + 14 days, regardless of when you join (this includes access to articles, videos, peer review steps, quizzes)
  • No access to course tests
  • No certificate

Upgraded:

  • Unlimited access to the course, for as long as it exists on FutureLearn (this includes access to articles, videos, peer review steps, quizzes)
  • Access to course tests
  • A Certificate of Achievement when you complete the course

Find out more

Get extra benefits, upgrade this course. For $84 you'll get:

Unlimited access

Upgrading will mean you get unlimited access to the course.

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  • Refer to the material at any point in future

If you’re taking a course for free you have access to the course for its duration + 14 days, regardless of when you join. If you upgrade the course you have access for as long as the course exists on FutureLearn.

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When you upgrade you’ll have access to any tests during the course.

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Certificate of Achievement

Upgrading means you’ll receive a Certificate of Achievement when you complete the course.

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  • Prove your success when applying for jobs or courses
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To receive a Certificate of Achievement you need to mark 90% of the steps on the course as complete, and score over 70% on any course tests.

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