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Samson Lai

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Leaders in Hong Kong shared experience on how corporates can innovate in this challenging time & seize the opportunities in the #DigitalEconomy. It was a fireside chat moderated by Patrick S Lee & I in the launch of Corporate Innovation Index program organized by #CUHK & #HKGCC.

Key takeaways:
1. Corporate innovation is about margin, sustainability & opportunities.

2. Engaging new generation is important for corporate innovation. Reverse mentorship is very effective to empower senior management on innovation.

3. The more challenging time we are in, more innovation we need (not an excuse to give up the priority of innovation)

4. Passion is a key for driving innovation

5. CEO cannot delegate innovation. He or she has to drive it & align with the company’s strategy with it. Bottom up is as equally important as top down.

more…

Grateful to have all these leaders in innovation & technology ecosystem to join the forum and appreciate their active participation. Francis Ngai #IBMAndrew Ling #SAPEugene Hsia #HKSTPStella Kwan #Cyberport, Eunice Chan #HangSengBank, Raymond Cheng former C-suite #HSBCMatthew Chan
#JardineRestaurantGroupLarry Poon #CUHK & more.

We look forward to collaborating with all to deliver our Corporate Innovation Index for Hong Kong.

#Academia#Corporates#TechGiants & #Startups are joining hands to establish the first ever #Corporate #Innovation #Index (CII) for Hong Kong.

#CUHK Business School together with #HKGCC supported by #HKSAR #ITC#Cyberport#HKSTP, Corporates #HangSengBank#JETCO#JardineRestaurantGroup#TradeLink #Prestique, & Tech Giants #IBM #AWS #SAP, launched the CII project today in HKGCC. https://lnkd.in/eXf44k7

Under Secretary HKSAR ITB David Chung, HKGCC Chairman George Leung, CUHK Business School Dean Professor Lin Zhou, & Professor Wai Man Cheung gave their speeches to support the CII project.

Seasoned corporate leader Patrick S Lee & I led an interactive discussion on corporate innovation with over 40 f2f & many online corporate & tech leaders. The discussion was open & insightful. Here was one that I couldn’t agree more.

Raymond Cheng, the former CIO & COO of HSBC APAC, was here today. He said, “The more difficult time we are in, the more innovation we need.” I believe it said it all for us under the tough time of the Covid-19 & heavy digital disruption across industries & economics.

Appreciate support from Eugene Hsia Stella Kwan Andrew Ling Francis Ngai David Chow Chris So Angus Choi Yvonne Che Eunice Chan Vicky Wong & colleagues from #CUHK & #APIB.

Here we go! Corporate Innovation Index for Hong Kong is coming. Most companies are aware of the criticality of #innovation to the growth & even survival of their businesses. However, Corporate Innovation is easier said than done.

#CUHK Business School & #HKGCC with the support from #HKSAR Government Innovation & Technology Commissioner #ITC will build a #CorporateInnovationIndex to empower enterprises & SMEs in HK to improve their innovation mindset & capabilities.

Apart from the survey, we will have assessment tools, a series of seminars & workshops to help companies to improve their innovation. Appreciate to our ecosystem partners’ support #HangSengBank #JETCO #JardineRestaurantGroup #Cyberport #HKSTP #IBM #AWS #SAP #TradeLink #Prestique & more.

Dr. David Chung #ITB Under Secretary will officiate our kickoff ceremony on April 26. Two veterans in #CorporateInnovation & #EntrepreneurshipDr. CHARM Toa & Patrick S Lee, will have a fireside chat on Corporate Innovation.
1.Why corporate innovation is so challenging?
2.What are the industry best practices to build & sustain corporate innovation success?
3.What can corporate leaders learn from tech start-ups & vice versa?

Learn more about our Corporate Innovation Index & join our fireside chat here.
https://lnkd.in/eXf44k7

The key for success in the #DigitalEconomy is how we can empower enterprises & #startups to collaborate & get the most out of their cooperation or even coopetition. I have been contributing to this on different capacities in the innovation & technology ecosystem. Advisor, professor, mentor, judge of #hackathon & #competition, investors are some of the examples.

Today, I had another chance to do so through delivering a #CUHK #MiniMBA class on “Emerging Tech & Business Innovation”. More importantly, the participants came from both traditional enterprises and startups. This is a special design for our Mini-MBA in Innovative Leadership. Thanks for #HKSTP to bring a few elite startups from their #LEAP & #Incubation programmes like #beNovelty #Compathnion to join the class today. Also thank to large enterprises like #ICBC #CCB for their active participation today.

I was impressed by the chemistry of bringing these groups together in a class. The #diversity stimulated lots of great interaction. We have gone through concepts & cases on #Innovation#BusinessModels #Reinvention, competitions from #DigitalDisruption#Intrapreneurship.

Appreciate Anvil Ng Samuel Choi Nathan Ng #HKSTP for their support to our Mini MBA programme.
https://lnkd.in/g_jpXkr

#CPAAustralia has released their annual survey “CPA Australia Asia-Pacific Small Business Survey 2020-2021”. It covers 11 economies in the APAC including Hong Kong.

Thanks for Janssen Chan FCPA (Aust.) & my #CUHKMBA student Carmen Pan to invite Ryan Fung from #PAOB & I to join a forum to discuss about technology adoption & applications in HK based on the survey. Close to 500 participants joined the online forum.

Hong Kong SMEs are behind some Asia’s economy in terms of #eCommerce#SocialMedia and #Innovation. However, those in HK who used #technology in their business & operation have seen significant growth even under the #Covid19.

Apart on leveraging government funding & support on #SME #Digitalization, SME management should not be afraid of technology & think it is a big investment. In today’s digital world, tools are easier to use & learn and it is affordable. More importantly, it is a mindset change & how we adopt changes.

Technology is a new way to solve customer pain points. Knowing & keeping update on what’s available opening up different ways to solve these problems. Good use of technologies can in fact empower SMEs to beat the big guys with rich supply of traditional asset as proven by the #unicorn.

#CPA Australia survey here
https://lnkd.in/g-8AHFR

#SMEs are keen on picking up technologies but don’t have confidence on it. I had a chance to share my experience with the SMEs in a forum on #SME #Digitalization. It was an interactive discussion and the SMEs asked quite a lot of sensible questions. Fortunately, we could do it in a hybrid mode with #f2f and #online participants.

One of the questions from the particpants was which technology they should start with. My answer was that starting with a customer pain point and then look for new ways to solve it. If #technology helps, then use it. #Empathy on customers is the key for any successful business for many decades and it has no difference in today’s #DigitalEconomy.

Thanks for Hong Kong Commerce and Industry Associations #HKCNIA and #IOTHK to invite me to share my experience. I have talked about some of the key insights from my book #數碼力大提升 and gave a few of the books to the participants. #DBS #PAOB #HKPC also shared their experiences how to help SMEs on #DigitalTransformation and #Cybersecurity.

Heartfelt thanks to #全港各區工商聯 #香港物聯網 Wilson Chong and Sam Wu for organizing such a great forum.

Glad to meet many friends, #entrepreneurs#investors and #incubatees #face2face #f2f in #HKSTP #LEAP gathering in their #InnoCentre in Kowloon Tong.

LEAP stands for the Leading Enterprises Acceleration Programme. It is a flagship growth-stage business acceleration programme from #HKSTP. It empowers elite #startups for their global expansion. Harris SUN, the CEO of #Raspect is a member of LEAP and has been growing well into key markets in Asia and the world.

Really appreciate the leaders from #HKSTP Peter Mok Kiki Y. Wang, CFA, MBA Anvil Ng and many more for their contributions and effort to cultivate elite startups for Hong Kong to become global leaders. Keep it going. 加油!

4 local brands’ owners in the food industry got together to discuss how they built their #brand & made use of #technology #FoodTech. It is a part of the #HKPC #Innopreneur program https://lnkd.in/g3TPZtg

My key takeaways:

1. The older generation may say, if you have 10M HKD, you should retire. Jeff #Topsoya #壹品豆品 thought differently. He spent that amount on tech & his biz got up 20 times since then.

2. Changes come from the market pain point. From B2B to B2C, Arist #CentralKitchenOne #厨房壹號 helped young families to get packed food & cook nice home-feel meal under the pandemic. He needs to ramp up processes & automation helps.

3. Building a brand is not just marketing. It is #quality, persistence, focus & #partnershipRaymond Mak #Farmacy started with 5 great ideas & finally focused on one. It was a tough but wise decision.

4. “Start small” is key for #SME #DigitalizationPius Chan #TaiPoChunHing #大埔振興 started buying a simple software & let colleagues to try & give feedback. It helps get engagement & buy-in for more adoption.

5. All guests agreed #food is a tough industry. You & your family have to love the food to make it.

As the panel moderator, I heartfelt thank to all panelists & Mohamed Butt Karen F. Elly Yip Marius Chow HKPC.

Video
https://lnkd.in/gkqJdpT

The Asian Knowledge and Innovative Forum #AKIF was successfully held today in the beautiful Arup’s office. This year’s main theme was “#Knowlege and #Innovation in the Post Pandemic Era. #PolyU #KMIRC and #ARUP were the organizers for the forum.

Arup is a leading multinational professional services firm which provides structural engineering consultancy services. Many of the region’s most iconic structures were their master pieces.

Michael Kwok Chairman East Asia from Arup & Prof Xiaowen Fu from PolyU kicked off the forum & Professor Eric Tsui moderated sessions.

It was my honor being invited as one of the keynote speakers. I shared my experience on how democratizing #DataLiteracy empowers knowledge intelligence. AI is automating many jobs including professional services like #engineering#accounting#legal and more. Reskilling professionals with data literacy can empower them to transform themselves to take up new roles and become a trusted advisor in the digitally disruptive world. Also, they can create new business models empowered by data.

Eric Chan #CyberportDennis Wong from #HKT & Yannick Lenormand from #Arup shared their experience on the topic. Great insight & examples.

Thanks Ricky Tsui Elise Chan & Nicole SY from ARUP to organize such a great forum.

Several key drivers of data innovation & culture for their organizations were in my f2f offline panel yesterday. Heartfelt thank to Edwin Hui #AccentureBessie Chong #EsquelSusanna Chiu #BonjourMaggie Yung #DBS.

#DataLiteracy
Here are my key takeaways:

1. The mindset of the top management on the urgency of empowering every employee is critical for #DigitalTransformation. DBS has trained >50% of their employees on data literacy with their CEO’s support.

2. AI not just automates our tasks but also releases us from tedious & dangerous tasks. Manufacturers like Esquel has made use of #data & #AI to make their staff happier, healthier & more efficient.

3. Start with the colleagues in key departments who are more reluctant to change & help them solve their problems using data. It will drive the company to become data driven.

4. Not just training is needed but also internal competition, collaboration with external #ecosystem, mixing colleagues from different units #Squad to do data projects, recognition, are important for culture & mindset change.

5. #Reskill & #Upskill colleagues on data literacy should be on the top priority for #HR to empower their colleagues in the #DigitalEconomy.

Thanks Catherine Chan #Kornerstone Andy Kwok #OpenCertHub to organize the forum.