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Fullness Christian Social Enterprise Limited¡XOffering a Right Path to Deviant Youth in Hong Kong  
Product Ref: 12/519C Company: Fullness Christian Social Enterprise Limited

Product Type: Case Industry: Healthcare Services & Facilities
Public Sector & Non-Profit

Related Product(s): Teaching Note
Authors: Sammy Fung   Ted Kwan   Boby Shiu
In 2008, Fullness Christian Social Enterprise Limited (¡§FCSE¡¨) was established as a commercial-based subsidiary of Fullness Christian Vocational Training Centre, a locally registered charitable organisation with a Christian background, which operated three hair salons in Hong Kong: Fullness Hair Salon, Supporter Hair Salon and 100% Fullness Hair Salon.

Unlike most non-governmental organisation (¡§NGO¡¨) social enterprises, the FCSE was the first local social enterprise to use a corporate legal form to raise capital from outside investors. The FCSE had a strong mission to address social problems, specifically by providing employment and training opportunities to ex-offenders and unengaged youngsters. Without strong financial support from its NGO parent, the FCSE operated on a commercial basis in order to stay competitive and maintained financial sustainability while being successful in achieving its social agenda.

The FCSE used its governance practices and market-based performance measurement systems in order to maintain this balance and address the interests of shareholders and other stakeholders.
Functional Area : Accounting & Control
Finance & Investments
Social Enterprises & Ethics
Strategy & General Management

Learning Objective: 1.To discuss and understand the characteristics of a social enterprise that operates in a corporate legal form. 2.To compare and contrast social enterprises of various legal forms (eg, corporate vs NGO) and the related management implications. 3.To discuss and understand the management issues of local social enterprises, including board practices, strategies implementation, performance measurement and dividend policy. 4.To discuss and explore possible ways for social enterprises to strive for an optimal balance between financial sustainability, business growth and social objectives.
Length: 22 pages Country: China (People's Rep. of)
Hong Kong SAR

Pub. Year: 2012 Level of Difficulty: 3
This product type is available in the following language(s):      English
Related Information: N/A
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