Monetising Underutilised Assets for Financial Sustainability: A Skin-in-the-Game Approach for the Catholic Diocese of Masvingo, Zimbabwe | Chapter 2 | New Advances in Business, Management and Economics Vol. 11

 

This study investigates the effectiveness of a Skin-in-the-Game Guaranty Approach in monetising underutilised assets within the Catholic Diocese of Masvingo, Zimbabwe, with the goal of enhancing financial sustainability amid persistent economic challenges. Rooted in the principle that direct stakeholder involvement fosters ownership and commitment, the approach was applied to explore how lay members, priests, and religious can collectively contribute to resource mobilisation and asset utilisation. Adopting a quantitative, descriptive research design, the study surveyed 385 participants across the diocese, drawing on structured questionnaires and descriptive statistical analysis to assess perceptions of feasibility, benefits, and challenges. The results revealed diverse stakeholder perspectives shaped by gender and educational backgrounds, while also exposing barriers such as resistance to change, limited technical expertise, and operational constraints. Despite these challenges, findings underscore the importance of transparent governance, strategic vision, and inclusive training programmes in building trust and ensuring effective implementation. The study contributes theoretically by extending the Skin-in-the-Game concept—traditionally applied in finance and risk management—into the religious institutional context, thereby offering a novel framework for resource monetisation in faith-based organisations. Practically, it provides a roadmap for the Catholic Diocese of Masvingo and comparable institutions to achieve financial resilience through stakeholder-driven initiatives. The research concludes that embedding community participation and accountability is vital for overcoming inertia and sustaining development projects. Limitations include the cross-sectional design and the lack of qualitative depth, which constrain the exploration of evolving dynamics and subtle stakeholder narratives. Future research should integrate longitudinal and qualitative methods to capture the long-term impact of asset monetisation and deepen understanding of cultural and organisational factors influencing adoption.

 

Author(s) Details

Pamire Jongwe
University of South Africa, Pretoria, South Africa.

 

Anthony Zvapera
Great Zimbabwe University, Zimbabwe.

 

Please see the book here :- https://doi.org/10.9734/bpi/nabme/v11/6336