SE Summit – HR Panel Kevin Au CUHK Centre for Entrepreneurship December 2007.
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Transcript of SE Summit – HR Panel Kevin Au CUHK Centre for Entrepreneurship December 2007.
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 : [email protected] : 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