The “Entrepreneurship for Design and Creative Business†Workshop is jointly organised by the Hong Kong Design Centre and CUHK Center for Entrepreneurship to stretch the boundary of creative and design education in Hong Kong to respond to the rapidly changing business landscape.
In the workshop, we try to address the fundamental issues related to managing a creative design business. As such, our workshop has distilled the core design management practices into 7 modules through which important business insights can be conveyed. On top of that, we have added a site visit component into our programme through which our participants will get to see how an acclaimed creative business works in real life.
In March this year, we launched our first full-day hands-on workshop on Accounting for Design and Creative Professionals, which is an extended programme based on one of the modules in the entrepreneurship programme. We hope that similar one-day workshops derived from the current programme can be organised in the future to deepen your knowledge on the subject.
As there is no “one-size fits all” approach to help creative and design professionals construct a roadmap for career development and business growth, we believe that only by inviting guest speakers from diverse backgrounds can we find the approach most inspiring for you.
In the upcoming intake, we’ll also move our site visit to the Pearl River Delta region. This is a new initiative which has been well received by the local design community. Through the visit, we hope to engage more of you to join us in exploring the new business opportunities from the gradual integration of Hong Kong and the PRD.
Like the previous intake, this book represents the collective contribution from our guest speakers and attendees. The speakers featured in this book have demonstrated in their own ways how they approach entrepreneurship with focus, passion, interdisciplinary teamwork, and willingness to learn and adapt in the face of change. As for the programme attendees, they have frequently given us constructive suggestions for improvement. I want to thank them all for what they have done.
All types of entrepreneurial activities recorded an increase in both cities, which is a sign of a growing economy and of the revival of entrepreneurial spirit of Hong Kong and Shenzhen.
In mid-2016, 9.44% of Hong Kong adult population was engaging in early stage entrepreneurial activities of any kind. This represents a large increase from 3.64% reported in 2009 and significantly reverses the previously recorded slump in entrepreneurial activity of Hong Kong resulting from the global economic crisis. This is driven by the nascent entrepreneurial activity of Hong Kong adult population, which grew +206% since 2009. In Shenzhen, 16.04% reported nascent or new entrepreneurial activities under way, which represents a staggering +234% change compared with statistics from 2009, when the early-stage entrepreneurship rates in the general population were at 4.8%. Contrary to Hong Kong, this growth is driven by baby businesses that were set up in the city within last 3.5 years. Additionally, Shenzhen has recorded a dramatic change in the established business prevalence rates of +398%.
One interpretation of these results may be that while entrepreneurial activities have been on the rise for a few years now in Shenzhen, the intensified interest in startingup in Hong Kong is a fairly new phenomenon.
Global Entrepreneurship Monitor Hong Kong 2002 Global Entrepreneurship Monitor Hong Kong 2007 Innovation Policy and High Growth StartupsEntrepreneurship brings growth, employment and flexibility to economies, yet the mechanisms are not well understood. Governments frequently set policies to stimulate entrepreneurship but those policies vary and their effectiveness is in dispute. In particular, not all entrepreneurship is of equal value: only a small fraction of entrepreneurs make a substantial impact on the economy. While the stories of highly successful entrepreneurs are well known, the conditions that stimulate high-growth entrepreneurship in general are not. This study seeks to add to our understanding of the government’s policies intended to stimulate high growth entrepreneurship in Hong Kong by comparing them with the situation elsewhere in the world.
Innovation in China – A Strategic Management Casebook