2017-2018 / GEST3763-1

Analyse financière des business models durables

Duration

30h Th

Number of credits

 Master in management (120 ECTS)5 crédits  

Lecturer

Sybille Mertens de Wilmars

Language(s) of instruction

French language

Organisation and examination

Teaching in the second semester

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

  • Course description
The current crisis requires a change in our economic system. The fight against climate change, protection of biodiversity, regulating the global financial system, preservation of social cohesion, the eradication of poverty and the fight against socio-economic inequalities are few emblematic examples of the challenges we collectively face. Among the various proposed paths, some academics advocate for « rethinking the firm ». This option goes for greater public regulation requirement applied to the world of business to CSR initiatives firms undertake on a voluntary basis. Some companies go further in the strong internalization of social or environmental concerns.  They build their business model around these objectives. Beyond the speeches, it is important to study these economic models to understand the rationality and critically analyze their potential but also the limitations and obstacles they encounter.


  • Content

Part 1 - Conceptual and theoretical background
1 - Introduction - capitalist firms failures
  • Public goods
  • Externalities
  • Trust goods
2 -Financing Mix
  • Public, private and indirect benefits
  • Public, market and philanthropic resources
  • Change Theory and Social Impact assessment
3 - Financing Social enterprises
  • Organisational features
  • Current resources
  • Capital structure
  • Social Business Plans
4 - Business Models
Part II - Applications
5 - Bottom of the Pyramid Models
  • Principles
  • Case studies
6 - Sharing Economy Models
  • Principles
  • Case studies
7 - Circular Economy Models
  • Principles
  • Case studies
8 - Citizen Economy Models
  • Principles
  • Case studies

Learning outcomes of the learning unit

Prerequisite knowledge and skills

  • Students must be able to express themselves in French or English and must be able to read fluently French and English.

Planned learning activities and teaching methods

Learning activities include

  • Conceptual and theoretical presentations by the teacher (powerpoint)
  • Readings and discussion in class
  • Case studies prepared in the classroom
  • Corporate visits and meetings with social entrepreneurs
Non compulsory learning sessions on financial budgeting for social business plans

Mode of delivery (face-to-face ; distance-learning)

The course is mainly face-to-face. Students will also be invited to participate to 2 conferences.

Recommended or required readings

  • A bibliography containing books and reference articles will be suggested for each topic. These documents will be made available (Lol@ or Louvrex Library).
  • Movies, company visits,
The course will use the virtual interface Lol @, on which will be mailed: PowerPoint presentations of the various sessions, the cases presented by the students.

Assessment methods and criteria

The overall assessment will combine two elements:


  • Essays (short essays and 1 case study) (40%)
  • An oral exam (60%) (List of typical questions available)

Work placement(s)

Organizational remarks

The course takes place in the second term, Thursday afternoon at N1 rue Louvrex .

Contacts

Sybille Mertens Cera Chair- Center for Social Economy HEC-Management School - University of Liège - B33/box 4 - 4000 Liège Tel : + 32(0) 4 366 27 51 - smertens@ulg.ac.be