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Enactus on Creating Shared Value

by | Feb 22, 2019

Who is Enactus?

Enactus is the world’s largest experiential learning platform dedicated to creating a better world while developing the next generation of entrepreneurial leaders and social innovators. As a non-profit student organization, it has established presence in 1,730 campuses in 36 countries. In each university chapter, student members and project managers brainstorm ideas and initiate social innovation projects. These projects aim to tackle certain social issues while being financially and environmentally sustainable. Through the process of executing and operating these projects, not only do we aim to create substantial social impact, but also to train and nurture the next generation leaders. Every year, outstanding projects compete in an annual contest, where regional winners will proceed to the national competition and eventually all national champions will represent their country in the Enactus World Cup.

In Hong Kong, currently there are 6 university chapters and we are actively expanding our coverage to more schools locally. With the aim to promote social entrepreneurship to more students and the general public, Enactus Hong Kong management team collaborates with different organizations over the years such as corporates, social enterprises, and NGOs etc.

Shared Value X SVIHK

“Shared value is not philanthropy or sustainability, but a new way to achieve economic success”, by Michael E. Porter and Mark R. Kramer, “Creating Shared Value,” Harvard Business Review, January‐February 2011

Shared value is an emerging trend reshaping the business landscape. It enhances the competitiveness of a company while simultaneously advancing the economic, environmental and social conditions in the communities in which it operates in a planned way, turning opportunities into profit. As increasing number of corporations are embracing shared value practices and implementing shared value strategies, considerable amount of capital is better utilised and invested in social impact initiatives. This creates sustainable scalable business opportunities and long term competitive advantages through both business and social lenses, achieving a win-win outcome.

Shared Value Initiative Hong Kong (SVIHK) is a corporate‐led community of shared value practitioners. It leads the development of shared value in Hong Kong and re‐imagining corporations’ role in society through advocacy, a knowledge repository, peer to peer sharing and practice. With the aim of aligning profit and purpose, SVIHK has worked extensively on insightful projects to tackle some of the pressing issues in Hong Kong including youth development and mental health, driving positive business and social impacts and promoting shared value creation through business cases.



Enactus X SVIHK

Enactus and SVIHK are establishing collaborations on several business initiatives towards a common vision in driving a better sustainable future world.

The first initiative is to present our student-led social innovation projects to the business world. We target to leverage our networks in connecting corporates who are committed to shared value creation and seeking innovative ideas; and students who are passionate in social innovation and seeking business advisory in sustaining their projects. We aspire to create synergy and positive impacts with effective resource allocation through partnerships.

Another important objective is to educate the idea and mindset of shared value to students at the early stage. Students are the future leaders who drive corporate decisions. Through education we hope to promote talent development with the incorporation of shared value into strategic business decisions.

We look forward to welcoming a connected world enlightened by creativity, opportunities and shared value creation.

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