Learning Outcomes of the Lesson
After completion of this lesson, learners will:
- understand and achieve knowledge about the main concepts to operate in financial management of social enterprises.
- be able to understand and differentiate the key concepts of financial management of social enterprises: costs, prices, expenses, revenue, income, profit, breakeven point, balance sheet, and cash flow control.
- understand the strategic and sustainable approaches in financial management: grasp the strategic planning and control of financial resources in social enterprises, balancing financial sustainability with social impact.
- understand financial management strategies: Explore strategies like impact investing, social impact bonds, blended finance, and innovative financial models.
- identify and analyze opportunities and react accordingly for social enterprises financial management.
- be able to identify and analyze the unique challenges and opportunities in financial management for social enterprises in different countries legal frameworks (legal compliance).
- be able to identify and analyze the key success factors for financial management for social enterprises (mitigating the challenges/risks and providing feasible solutions by forecasts and estimations using specific tools).
- analyze, evaluate and apply specific tools for financial management for the social enterprises.
- be able to do financial management using the DigiFunCollab tools and other online software.
- examine detailed case studies, gaining insights from successful financial management of social business.
- apply knowledge to real-world scenarios.
- develop their practical skills in financial management by using online games (group activity).
- apply the DigiFunCollab tools for financial management as part of a social business plan development approach.
