The Hong
Kong Institute of Business Innovation (HKIBI) organized a seminar named “Development
of Business Innovation Talent in Hong Kong” in CityU on 11th Nov 2017. Before the seminar, I took a photo with Mr.
David T.W. Chung (Principal Consultant, InnoEdge Consulting Ltd.) for memory.
In the
beginning, Mr. David Chung introduced the vision, mission and values of HKIBI (香港商業創新學會) which was non-profit making
organization.
Vision:
To transfer Hong Kong to be Business Metropolis full of creativity and
innovation
Mission:
To promote multi-dimension innovative thinking and help individuals to practice
their business ideas
Values:
Knowledge Sharing, Resource Cooperation and Global Perspective
Then he
briefed HKIBI history that formed Facebook page since Aug 2015 and then
business registration in Aug 2016. In 2018, one of their major events is “Asia
Innovation Talent Development Conference”.
Finally, David said another major task was certified innovation talent
project.The first speaker was Mr. Donny Siu (Associate Director, Entrepreneurship Center, HKUST) and his shared topic named “How to establish your career through innovation”. Before he joined HKUST, he worked in investment bank but he lost his passion. When he joined HKUST, he found that innovation is DNA in the university. His boss told him that there were rules but they had flexibility. He quoted two projects as examples. The first project was to create co-working space in the university but only 1500 sqft. He tried to communicate with different departments and stakeholders to use all corridors areas and lobby, as well as near lifts area. At the end, the project completed successfully with excellence results which used the same budget. The second project was encouraging student to run coffee shop in this co-working area by themselves and also succeed. He said innovative people needed open mind to help themselves and others.
Mr.
David T.W. Chung (Principal Consultant, InnoEdge Consulting Ltd.) was the
second speaker and his presentation title named “Breakthrough the Adverse Market
via Subvert Thinking”. Before the talk, David asked us to do a short exercise
to explain how to make “1 dollar x 1 dollar” becomes to “ten dollar”. Then he explained innovation was separated
into Business Innovation and Technology Innovation. Technology Innovation needs more time and
resource that may not be suitable by SMEs.
On the other hand, Business Innovation could use the existing core
product or technology in the company but enhancing customer feeling (emotionally
connected) to improve their business performance.
Then
David quoted Prof. Mohanbir Sawhey (Kellogg School of Management, Northwestern
University) 12 dimensions of business innovation with respect to its (1)
offerings, (2) platform, (3) solutions, (4) customers, (5) customer experience,
(6) value capture, (7) processes, (8) organization, (9) supply chain, (10)
presence, (11) networking, and (12) brand.
David separated them into two sessions and they were customer view and
enterprise view.
After
that David shared three cases which employed business innovation. Those cases were belong to different layer of
the Maslow’s Hierarchy of needs (Physiological → Safety → Love/Belonging → Esteem → Self-actualization). The first case was “molala” company which
help boy to express sorry and enlighten their girlfriend that belongs to
Love/Belonging layer. The second case was photo taken with black people in mobile
that company named “Tecno (傳音)”. They solved the selfie by
black people that they became the number in the Africa market. So that it was
in the layer of “Esteem”.
The last
case was smart home application “a hologram girlfriend for only hearts” that
employed all existing technology such as AI, lighting, air-conditioner
controller, remote and pre-setting, etc.
It is belong to the highest layer “Self-actualization”.
Dr.
Keith Chau (Programme Director (Institute for Entrepreneurship) of PolyU) was
the last speaker and he shared topic was “Little Thing but Not Simple”. He also said his “1:99 concept” that “You
earn 99 dollars and I only earn 1 dollar”.
Dr. Chau explained if I found 100 projects that you earned max 99
dollars but I earned 100 dollars. He explained
the entrepreneurship should be B2B (Back to the Basic) that you needed to find
your original mean and where your passion is.
Panel discussion:
David
was the coordinator of the panel.
Mr. Donny
Siu said we needed to provide space, opportunity, selection, flexibility, encouraging
open mind, etc.
Mr.
Oliver Ka-Ming Wan (Chairman, HKIBI) said thinking about business model and
loose hand to young people and help them to establish self-trust.
Mr.
Joseph Ho (President, The Cosmetic & Perfumery Association of HK) mentioned
that he changed the behavior of his association that members were in the frontline
and President served them that encourage to take ownership.
Dr.
Keith Chau said we needed to be Role Model to incubate other young people.
Last
question was about the development of innovative talent.
Mr. Donny
Siu said people needed to accept challenge works.
Mr.
Olive Wan invited all talent to join the activities of HKIBI.
Mr.
Joseph Ho said to consider the opportunity cost and loose hand to youth.
Dr. Keith
Chau told us ASAP “As simple as possible” and passion to success.
Reference:
HKIBI - http://www.hkibi.org/
Mohanbir
Sawhey (2006) “The 12 Different Ways for Companies to Innovate”, MITSloan
Management Review - http://sloanreview.mit.edu/article/the-different-ways-for-companies-to-innovate/
20170804:
SGS Seminar on “How Sustainability Sparks Innovation” - https://qualityalchemist.blogspot.hk/2017/08/sgs-seminar-on-how-sustainability.html
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