Social Enterprise is not a legally defined form of organization in Hong Kong. In some countries, for example Korea, they have developed related law to define and promote social enterprise (http://socialenterprise.or.kr/eng/info/What_is.do) though.
In general when we mention Social Enterprise we refer to company or organization which conducts business with social mission, while during the process they generate revenue and profit to sustain their business, instead of relying on charity / donation support or government subsidies. With this definition, Social Enterprise can range from a non-profit making organization doing profit-generating activities, to traditional company doing socially responsible activities:
Source: Korean Social Enterprise Promotion Agency (http://socialenterprise.or.kr/eng/info/What_is.do)
Comparing to traditional company where we usually measure their business performance or economic impact, we measure social enterprise on both their economic impact as well as social impact, usually referred to measuring “double bottom line”.
Social Enterprises (Local References):
- Social Enterprises – Hong Kong SAR Government: http://www.social-enterprises.gov.hk/en/home/index.html
- “The Research Study Report on the Social Enterprise Sector in Hong Kong” : http://www.social-enterprises.gov.hk/file_manager/pdf/research/capture_existing_landscape_se_hk_eng.pdf
- 社 企營高20式: http://www.social-enterprises.gov.hk/file_manager/pdf/publications/hab04nov.pdf
- HKCSS-HSBC Social Enterprise Business Centre: http://socialenterprise.org.hk
- Social Enterprise Directory 2014: http://www.sebc.org.hk/sites/default/files/general/SE_Directory_2014.pdf
- Hong Kong Social Enterprise Summit: http://ses.org.hk
- Hong Kong Social Entrepreneurship Forum: http://www.hksef.org
- Hong Kong General Chamber of Social Enterprises: http://www.sechamber.hk
- Social Enterprise Endorsement Marks: http://www.seemark.hk/index_topic.php?did=243123&didpath=/243123
- Good Lab (co-working space for social innovators and entrepreneurs): goodlab.hk
- PMMMedia (community journal for NGOs, NPOs and SEs): http://www.pmmmedia.com/eng/index.php
- Net Social Enterprise Gallery社企廊： http://www.etnet.com.hk/www/tc/seg/index.php
Impact Investors & Incubators
- Asia Community Ventures: http://www.asiacommunityventures.org
- Social Venture Hong Kong: http://www.sv-hk.org
- SOW Asia: http://www.sowasia.org/#sowasia
seToolbelt (an open content resource hub that helps social entrepreneurs plan, launch, manage, and grow successful social enterprises): http://www.setoolbelt.org
Social Lean Canvas
Social Lean Canvas is a tool to help social entrepreneurs to apply the concept of Lean Startup to ventures that have social or environmental goals that exist independent of their profit motive. Social Lean Canvas, which is a variation / adaptation from Lean Canvas, enables social enterprises to apply Lean Startup approach to develop coherent business models in a quick and simple way and then to methodically test them in order to arrive at a thoroughly validated, scalable, repeatable business model. Social Lean Canvas has been created by Rowan Yeoman & Dave Moskovitz in conjunction with the Akina Foundation.
- Social Lean Canvas: http://socialleancanvas.com/the-canvas/
- Download the Canvas:
Business Model Canvas
A business model is a method or process that a company creates, delivers and captures value, hence to generate revenue and make money. In 2010, Alex Osterwalder proposed a tool: Business Model Canvas in his book “Business Model Generation: A Handbook for Visionaries, Game Changers and Challengers”. Business Model Canvas is a tool summarizing the hypotheses that create values and visualising the business model in a diagram. Through the 9 building blocks in the framework, the Canvas model allows you to describe, design, challenge, invent, and pivot your business model.
- Overview: http://www.businessmodelgeneration.com/canvas/bmc
- The Book and Book Preview: http://www.businessmodelgeneration.com/downloads/businessmodelgeneration_preview.pdf
- Download Canvas: http://www.businessmodelgeneration.com/downloads/business_model_canvas_poster.pdf
- Introductory Video: https://www.youtube.com/watch?v=QoAOzMTLP5s
- “From Idea to Business – Animated Series https://www.youtube.com/playlist?list=PLBh9h0LWoawphbpUvC1DofjagNqG1Qdf3
Proposed by Eric Ries, the concept of “Lean Startup” is a new approach / method of creating and managing business startups. Unlike the traditional approach, lean startup methodology emphasizes the “Build-Measure-Learn” cycle, by first getting the product to the market as soon as possible (Build) for market testing and customer validation (Measure). By setting hypothesis n the market, the customer feedback would help developing right product to the target customer (product-market fit), so can avoid spending unnecessary resources and reduce the risk of product launch failure (Learn).
Lean Impact: http://leanimpact.org
Eric Ries: http://theleanstartup.com/
Steve Blank: http://steveblank.com/