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 Building The Chinese University of Hong Kong Shatin, N. T. Hong Kong Tel : Fax : Web : 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

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