SE Summit – HR Panel
Kevin Au
CUHK Centre for Entrepreneurship
December 2007
Director:
Prof. Hugh Thomas (Finance)
Associate Directors:
Prof. Kevin Au (Management)
Prof. Louis Leung (Journalism)
Prof. Bennie Zee (Medicine)
Prof. KF Wong (Engineering)
Honorary Project Directors: Mr. Mingles Tsoi
Mr. Bernard Suen
CUHK Center for Entrepreneurship
香港中文大學創業研究中心
Room 243, Lady Shaw Building
The Chinese University of Hong Kong
Shatin, N. T. Hong Kong
Tel : 2609-7542
Fax : 2609-7180
Email : entrepreneurship@cuhk.edu.hk
Web : www.cuhk.edu.hk/centre/entrepreneurship
To Inspire a passion for
Entrepreneurship
Entrepreneurship
– To pursue opportunity without regard to
resources currently controlled
– Maximize success while minimizing failure
• Staged investment
Social Entrepreneurship
– Double bottom-line
– Social entrepreneurs…tapping inspiration and
creativity, courage and fortitude to seize
opportunities that challenge and forever
change inequitable systems…change that will
benefit disadvantaged communities and,
ultimately, society at large.
• In Hong Kong
– Government involvement, how?
– Profit distribution?
– Is enterprising the best way?
For whom?
• SE Frontline Workers
– Disadvantaged groups; cooperatives
• SE Managers & Directors
– Social workers vs. business executives
• Government officers
• Community
– Business executives & bankers
– Angel investors, institutional investors,
philanthropists
– Community organizations; political parties
What?
• Social entrepreneurship
– Motives
• Drive to pursue opportunity; risk-taking
• Efficacy; empowerment
– Knowledge, skills & abilities
•
•
•
•
Inter-disciplinary
Team building
Salesmanship/ negotiation
Accounting/ finance
– Networks
What?
Special Issues
• Opportunity recognition
– Size & industrial structure; social missions
– Revenue model & business plan
• Financing & resource acquisition
– Stage: seed, early stage, growth, exit
– Type: micro-finance, equity, loan, angels,
institutional investment
• Social impact measurement & report
– Impact: jobs, services, social capital,
competition
– methods: quantitative, qualitative
How?
• Role models, mentorship & Executive in
residence
– Drive
– Creativity
– Opportunity / networks
• Business plan competition
– Inter-disciplinary
• Case discussion
– Entrepreneurship process
• Coaching, role play, internship
– Practical, hands-on skills
– Action learning
By whom?
• Universities & educational institutes
– academic programs vs. action-learning
– Inter-disciplinary learning
• Kauffman campuses
• educational consortia
• Community organizations
– Co-operatives
– Political parties
– NGOs
• Youth Business Hong Kong
• HKCSS
• Cooperatives
Training focus
• Social entrepreneurs
– Opportunity not resources
• Think big (global) – think small (local)
– Change the world
• Financing
– loans, equity, philanthropists
• Recipients
– Government, executives, investors