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  • Stephen Cheung (Update)

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    Siddharth P Paryani
    34 vues13 pages
    Social enterprises aim to achieve social objectives through businesses that reinvest profits back into the community. In Hong Kong, social enterprises provide services like production, domestic services, and catering. They face challenges like a lack of business experience and financing difficulties. Success factors include entrepreneurial spirit and public support. Potential benefits are job creation, increased employability, innovation, and stronger community networks. Fostering social entrepreneurship requires support from universities, businesses, and the government.

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    9. Stephen Cheung(update)[2]

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    Social enterprises aim to achieve social objectives through businesses that reinvest profits back into the community. In Hong Kong, social enterprises provide services like production, domestic services, and catering. They face challenges like a lack of business experience and financing difficulties. Success factors include entrepreneurial spirit and public support. Potential benefits are job creation, increased employability, innovation, and stronger community networks. Fostering social entrepreneurship requires support from universities, businesses, and the government.

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    34 vues13 pages

    Stephen Cheung (Update)

    Transféré par

    Siddharth P Paryani
    Social enterprises aim to achieve social objectives through businesses that reinvest profits back into the community. In Hong Kong, social enterprises provide services like production, domestic services, and catering. They face challenges like a lack of business experience and financing difficulties. Success factors include entrepreneurial spirit and public support. Potential benefits are job creation, increased employability, innovation, and stronger community networks. Fostering social entrepreneurship requires support from universities, businesses, and the government.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme PPT, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 13

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    Prof. Stephen Y L Cheung
    Department of Economics and Finance
    City University of Hong Kong

     
    ï Definition of social enterprises
    ï Social Enterprises in HK
    ï Challenges of social enterprises
    ï Success factors of social enterprises
    ï Potential benefits of social enterprises
    ï Fostering of entrepreneurship in the social
    sectors
    ¦ | 

     
    ï Ôo common definitions
    ï Social Enterprises are businesses with social objectives
    ï ³A business with primarily social objectives whose
    surpluses are principally reinvested for that purpose in the
    business or in the community, rather than being driven by
    the need to maximize profit for shareholders and owners.´
    (Social Enterprise ± A strategy for success, U.K.
    Department of Trade and Industry, 2002:7)
    ï Social Enterprises have developed in that sector of the
    economy that lies between the market and the State.
    Theses enterprises seek to reconcile market and non-
    market forces within a plural economy (OECD,1996)
    | 

     

    As at the end of January 2006,


    ï  ÔOs assist/ engage in 172 social
    enterprise projects
    ï The projects involve 7 kinds of businesses

    Source: Social Enterprises Resource Center


    | 

     
    Services provided by social enterprises in HK
    ï Production and sales

    ï Domestic services

    ï eneral cleaning services

    ï Catering services

    ï Personal care services

    ï Other products and services

    Source: Social Enterprises Resource Center


    | 

     
    Social enterprises in HK are mainly:
    ï Operated by charities and non-profit
    organizations
    ï Run by some for-profit business
    organizations as subsidiaries
    ï Projects supported by overnment seed
    funding.

    Source: Social Enterprises Resource Center



       
    | 

    
    ï Lack of personnel in ÔOs with professional
    business experience
    ï Financing
    ï Double µbottom line¶
    ï Limited understanding
    ï Restriction on private benefits
    ï Familiarity
    ï Type of entrepreneur
    | 
     
    | 

    
    ï Entrepreneur spirits
    ï Expectation for participants
    ï Recognition and support from the general
    public
    ï overnment policy
    ï Administrative barriers?
    ï Promoting the concepts of social enterprises
    @      
    | 

    
    ï Create job opportunities, especially for the
    underprivileged groups
    ï Increase employability of participants
    ĺ Enhance integration into labor market
    ĺ Become self-reliant
    ï Innovation
    ĺ Meet new needs
    ï Increasing density of community network and cross-
    sector partnerships
    ĺ Promote community inclusion
     
     

     
     
    | 

    
    ï Role of university
    ï Training, executive education, and research
    support
    ï Role of business sectors
    ï Expertise, funding support, and mentorship
    ï Role of the government
    ï Legislation, tax advantages, and seed money
     
     

     
     
    | 

    
    ï Supporting SMEs in HK
    ï SUCCESS (Support and Consultation Centre for
    SMEs)
    ï SME funding Scheme
    ï SME Loan uarantee Scheme
    ï SME Export Marketing Fund
    ï SME Training Fund
    ï SME Development Fund
    ï Mentorship Programme
    ï SME Committee members
     
     

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    | 

     
      
    mEÔDm

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