The Mission-Driven Venture: Business Solutions to the World's Most Vexing Social Problems (Wiley Nonprofit Authority)

The Mission-Driven Venture: Business Solutions to the World's Most Vexing Social Problems (Wiley Nonprofit Authority)

By: Marc J. Lane (author)Hardback

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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

About Author

Marc J. Lane, a nationally recognized business and tax attorney and financial adviser, practices law at The Law Offices of Marc J. Lane, P.C. in Chicago ( and serves as the President of Social Enterprise Alliance s Chicago chapter. Marc is an expert on entrepreneurship and entrepreneurial finance, and an influential advocate of best corporate governance practices. Twice a recipient of the Illinois State Bar Association's Lincoln Award, Marc, a Leading Illinois Attorney and Illinois Super Lawyer, has consistently earned an "AV(R) Preeminent " rating in the Martindale-Hubbell Legal Directory, the highest ranking awarded. Martindale-Hubbell also includes him in its Bar Registry of Preeminent Attorneys. By appointment of Illinois Gov. Pat Quinn, he chaired the state s Task Force on Social Innovation, Entrepreneurship, and Enterprise. An innovator in helping social enterprises, foundations, investors, lenders and philanthropists leverage capital to maximize financial results while driving positive social change, Marc has taught Social Enterprise at Northwestern University School of Law. He is also the pioneer behind the Advocacy Investing(R) approach to socially responsible and mission-related investing ( Marc drafted Illinois' and other states Low-profit Limited Liability Company (L3C) legislation, which authorizes the new hybrid business form which can leverage foundations' program-related investments to access trillions of dollars of market-driven capital for ventures with modest financial prospects, but the possibility of major social impact. He continues to champion innovative social enterprise business forms and models throughout the nation. Marc is the author of 35 books, including Social Enterprise: Empowering Mission-Driven Entrepreneurs, published by the American Bar Association, and The Mission-Driven Venture: Business Solutions to the World's Most Vexing Social Problems, published by John Wiley and Sons. Marc is also an in-demand speaker. His latest keynote focuses on cutting-edge ways to solve some of our most intractable social problems--thanks to new funding and partnership models among impact investors, philanthropies, non-profits, and corporations.


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 Mondragon 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 Mondragon 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 194 Shared-Outcomes Networks 198 15 Toward a Universal Metrics Language 210 Creating More Social Good 214 The Industry Steps Up 215 Impact Reporting and Investment Standards (IRIS) 216 The Global Impact Investing Rating System (GIIRS) 218 B Analytics 219 Other Universal Standards 219 The World Takes Note 220 16 What the Future May Hold: The Triumph of the Mission-Driven Venture 222 The Poorest of the Poor Have Reason for Hope 222 The Growing Role of Business 223 Social Enterprise Gains Influence in the Developing World 224 Business Raises the Bar 225 Governments Reach Out to Mission-Driven Ventures 227 Measurement of Social Performance Becomes More Sophisticated 228 Stakeholders Look to Substance Over Form 228 Social Capital Takes Center Stage 230 The Stakes Go Higher 231 Collaboration Becomes the Watchword 233 Index 235

Product Details

  • ISBN13: 9781118336052
  • Format: Hardback
  • Number Of Pages: 288
  • ID: 9781118336052
  • weight: 482
  • ISBN10: 1118336054

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