The Mission-Driven Venture
31,77 €*
Alle Preise inkl. MwSt. | Versandkostenfrei
ISBN-13:
9781118336052
Veröffentl:
2015
Erscheinungsdatum:
20.01.2015
Seiten:
288
Autor:
Marc J Lane
Gewicht:
496 g
Format:
236x158x32 mm
Sprache:
Englisch
Beschreibung:
Practical guidance to maximize financial results while driving positive social change
The Mission-Driven Venture provides actionable guidance for leveraging the power of the marketplace to solve the world's most vexing social problems. Written by attorney and financial advisor Marc J. Lane, a renowned thought leader and expert on entrepreneurship, social enterprises, impact investing and entrepreneurial finance, this book reaches the full spectrum of interests represented at the intersection of business and social change. Whether a social entrepreneur, impact investor, socially conscious individual, or a nonprofit or foundation leader, any reader committed to social innovation can benefit from this practical roadmap to the rapidly developing arena of social enterprise.
Through real-world accounts of the journeys and successes of mission-driven ventures, Lane effectively illustrates the transformative potential of social enterprise, inspiring the reader to be an agent of change. Among the many tools offered through The Mission-Driven Venture, readers will:
* Find functional guidance to move from idea to reality with a step-by-step guide to designing and implementing a successful mission-driven venture
* Assess the benefits and challenges of the business models and entity choices available to the social entrepreneur
* Examine the entrepreneurial linkages between nonprofits and for-profits
* Recognize governance issues that can arise when mission and profit objectives clash, and discover tools for managing them
* Explore evolving trends and developments in financing social enterprise
* Discover methods and tools for measuring and reporting social impact
* Develop an effective strategy for achieving both financial success and meaningful social impact
The Mission-Driven Venture provides actionable guidance for leveraging the power of the marketplace to solve the world's most vexing social problems. Written by attorney and financial advisor Marc J. Lane, a renowned thought leader and expert on entrepreneurship, social enterprises, impact investing and entrepreneurial finance, this book reaches the full spectrum of interests represented at the intersection of business and social change. Whether a social entrepreneur, impact investor, socially conscious individual, or a nonprofit or foundation leader, any reader committed to social innovation can benefit from this practical roadmap to the rapidly developing arena of social enterprise.
Through real-world accounts of the journeys and successes of mission-driven ventures, Lane effectively illustrates the transformative potential of social enterprise, inspiring the reader to be an agent of change. Among the many tools offered through The Mission-Driven Venture, readers will:
* Find functional guidance to move from idea to reality with a step-by-step guide to designing and implementing a successful mission-driven venture
* Assess the benefits and challenges of the business models and entity choices available to the social entrepreneur
* Examine the entrepreneurial linkages between nonprofits and for-profits
* Recognize governance issues that can arise when mission and profit objectives clash, and discover tools for managing them
* Explore evolving trends and developments in financing social enterprise
* Discover methods and tools for measuring and reporting social impact
* Develop an effective strategy for achieving both financial success and meaningful social impact
PRAISE FOR THE MISSION-DRIVEN VENTURE "Go ahead and sue me for saying it.but attorney Marc Lane has written perhaps the most thorough yet accessible volume I've yet seen on social enterprise. Here, you'll pick up both the finer legal points of the new hybrid business models and the inspiration of Dr. Yunus, and everything in between. Keep it at your fingertips!" Kevin Lynch, President and CEO, Social Enterprise Alliance "Marc does a masterful job of equipping the mission-driven entrepreneur with an understanding of various pathways for channeling enthusiastic passion towards actionable operation. I particularly appreciate his use of real-world examples to both inspire and make potentially intimidating concepts much more accessible." John Tyler, General Counsel and Chief Ethics Officer, Ewing Marion Kauffman Foundation "The MissionDriven Venture is one of the most comprehensive and understandable books on the fastgrowing and rapidlychanging social enterprise sector. Whether you are an emerging social entrepreneur, a seasoned veteran, or just someone who wants to learn more about social enterprise, this book is well worth the read." Eric Weinheimer, President and CEO, Donors Forum "A wealth of information and practical advice for anyone considering starting a mission-driven venture, from one of the most knowledgeable experts in the field." Daniel Diermeier, Dean, Harris School of Public Policy, The University of Chicago
Preface xi
Acknowledgments xv
About the Author xvii
About the Website xix
1 Nothing Stops a Bullet Like a Job 1
"Father G" and Homeboy 5
Vanessa Bartram and WorkSquare, LLC 6
The Origin of Mission-Driven Ventures 7
Businesses Drive Social Change 9
Profits and Purpose 13
Our Agenda 17
2 Where to Begin? Constructing the Mission-Driven Venture 19
Maximizing the Prospects of Financial Success and Meaningful Social Impact 22
Tracking Input, Output, and Outcome Indicators 27
Entity Design Choices 28
Moving from Ideation to Realization 30
Preparing for Launch 35
Zeroing in on Size and Scale 38
3 Communities of Interest: Benefit Corporations and Certified B Corps 40
Delaware Rejects Stakeholderism 43
The Benefit Corporation's Impact 46
Delaware, the Outlier 49
Patagonia's Values and Vision 50
Public Good Software Supports Civil Society 52
Ensuring Accountability to Stakeholders 53
4 PRIs and L3Cs 55
The Low-Profit Limited Liability Company (L3C) 59
The "Sustainability Mayor" Leverages His Impact 62
Counseling Data, L3C: A Case Study in Collective Impact 64
5 The Poor and Their Banker Lead the Way 67
Professor Yunus' Journey 68
The Visit to Jobra 70
The Banking System's Failure 71
Yunus' Ingenious Solution 72
The Advent of the "Social Business" 74
Grameen Bank and Its Strategy 75
6 Leveraging Grameen 79
The Power of Cause-Related Marketing 81
The Grameen Family Expands 84
Social Venture Franchising 86
Grameen Empowers Entrepreneurs 88
7 The Mondragón Miracle: Scaling the Peaks Beyond the Pyrenees 91
Italy's "Social Co-Operatives" 97
France's "SCOPs" 99
Why Worker-Owned Co-Ops Succeed 99
The Evergreen Cooperatives Build on Mondragón's Success 100
8 Social Impact Bonds: Aligning Financial and Social Returns 105
Funding Targeted Intervention Strategies 106
"Pay for Success" 112
The Massachusetts Initiative 113
New York City Leads the Way 115
Pay for Success Gains Traction 117
Where Social Impact Bonds Work 118
The Social Impact Bond's Progeny 119
Empowering the Social Sector 120
9 Building and Rebuilding Communities 121
Donor-Advised Funds 126
The Role Foundations Play 126
Lessons Learned 130
10 Investing for Impact 132
The Origin of Impact Investing 137
Impact Investing Takes Root 142
11 How Impact Investing Works--and Why 147
The Form of the Investment 150
Managing Risk 152
Judging Investment Performance 156
Quantifying Social Returns 157
Cashing Out 159
The Challenges of an Impact Investing Market 161
12 Impact Investing: Pursuing Its Destiny 163
The Importance of Public Policy 165
The Institutional Investors Weigh In 170
The Growth Trajectory Is Clear 174
13 Keeping Score: What Success Looks Like 178
A Safe Haven's Social Impact 179
Crediting the Causes of Positive Social Change 182
REDF and Social Return on Investment 186
Root Capital and Its "Social and Environmental Scorecard" 189
Acumen Fund and Its "Best Alternative Charitable Option" 190
14 Answering the Call: The Demand for Social Metrics 192
Scaling Success
Acknowledgments xv
About the Author xvii
About the Website xix
1 Nothing Stops a Bullet Like a Job 1
"Father G" and Homeboy 5
Vanessa Bartram and WorkSquare, LLC 6
The Origin of Mission-Driven Ventures 7
Businesses Drive Social Change 9
Profits and Purpose 13
Our Agenda 17
2 Where to Begin? Constructing the Mission-Driven Venture 19
Maximizing the Prospects of Financial Success and Meaningful Social Impact 22
Tracking Input, Output, and Outcome Indicators 27
Entity Design Choices 28
Moving from Ideation to Realization 30
Preparing for Launch 35
Zeroing in on Size and Scale 38
3 Communities of Interest: Benefit Corporations and Certified B Corps 40
Delaware Rejects Stakeholderism 43
The Benefit Corporation's Impact 46
Delaware, the Outlier 49
Patagonia's Values and Vision 50
Public Good Software Supports Civil Society 52
Ensuring Accountability to Stakeholders 53
4 PRIs and L3Cs 55
The Low-Profit Limited Liability Company (L3C) 59
The "Sustainability Mayor" Leverages His Impact 62
Counseling Data, L3C: A Case Study in Collective Impact 64
5 The Poor and Their Banker Lead the Way 67
Professor Yunus' Journey 68
The Visit to Jobra 70
The Banking System's Failure 71
Yunus' Ingenious Solution 72
The Advent of the "Social Business" 74
Grameen Bank and Its Strategy 75
6 Leveraging Grameen 79
The Power of Cause-Related Marketing 81
The Grameen Family Expands 84
Social Venture Franchising 86
Grameen Empowers Entrepreneurs 88
7 The Mondragón Miracle: Scaling the Peaks Beyond the Pyrenees 91
Italy's "Social Co-Operatives" 97
France's "SCOPs" 99
Why Worker-Owned Co-Ops Succeed 99
The Evergreen Cooperatives Build on Mondragón's Success 100
8 Social Impact Bonds: Aligning Financial and Social Returns 105
Funding Targeted Intervention Strategies 106
"Pay for Success" 112
The Massachusetts Initiative 113
New York City Leads the Way 115
Pay for Success Gains Traction 117
Where Social Impact Bonds Work 118
The Social Impact Bond's Progeny 119
Empowering the Social Sector 120
9 Building and Rebuilding Communities 121
Donor-Advised Funds 126
The Role Foundations Play 126
Lessons Learned 130
10 Investing for Impact 132
The Origin of Impact Investing 137
Impact Investing Takes Root 142
11 How Impact Investing Works--and Why 147
The Form of the Investment 150
Managing Risk 152
Judging Investment Performance 156
Quantifying Social Returns 157
Cashing Out 159
The Challenges of an Impact Investing Market 161
12 Impact Investing: Pursuing Its Destiny 163
The Importance of Public Policy 165
The Institutional Investors Weigh In 170
The Growth Trajectory Is Clear 174
13 Keeping Score: What Success Looks Like 178
A Safe Haven's Social Impact 179
Crediting the Causes of Positive Social Change 182
REDF and Social Return on Investment 186
Root Capital and Its "Social and Environmental Scorecard" 189
Acumen Fund and Its "Best Alternative Charitable Option" 190
14 Answering the Call: The Demand for Social Metrics 192
Scaling Success
Practical guidance to maximize financial results while driving positive social change
The Mission-Driven Venture provides actionable guidance for leveraging the power of the marketplace to solve the world s most vexing social problems. Written by attorney and financial advisor Marc J.
The Mission-Driven Venture provides actionable guidance for leveraging the power of the marketplace to solve the world s most vexing social problems. Written by attorney and financial advisor Marc J.