SE Summit – HR Panel

Kevin Au

CUHK Centre for Entrepreneurship

December 2007

To Inspire a passion for Entrepreneurship

CUHK Center for Entrepreneurship

香港中文大學創業研究中心Room 243, Lady Shaw BuildingThe Chinese University of Hong KongShatin, N. T. Hong Kong

Tel : 2609-7542 Fax : 2609-7180Email : entrepreneurship@cuhk.edu.hkWeb : www.cuhk.edu.hk/centre/entrepreneurship

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 TsoiMr. Bernard Suen

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