On November 21, 2024, the Faculty of Finance, City University of Macau held a lecture as part of its finance series at the Ho Yin Convention Center. The seminar featured Professor Tenny Lam, Senior Advisor at Greater Bay Area Business School and Chairman of LGS Asia Development Limited, who presented on the cutting-edge financial topic: “From ‘0.5’ to ‘N’: Utilizing Left-Right Circle Theory and Open Innovation Theory to Solve the Principal-Agent Dilemma – The Path from Traditional Manufacturing to Socially Driven Enterprises.” Guests attending the forum included Dean of the Faculty of Finance Professor Adrian Cheung, and Associate Dean Eva Khong.

Professor Tenny Lam is Chairman of LGS Asia Development Limited, focusing on the research and development of chemical coatings and adhesives, and serves as a board member of LGS InnoTech Limited. He is also the co-founder of Hong Kong Jia Sheng Technology Co., Ltd., dedicated to the research and development of nanobio-based new materials.  The company was listed by Forbes Asia as one of "100 companies to watch" in 2022. In 2023, Professor Lam received the Hong Kong Innovation Entrepreneur Award from the Federation of Hong Kong Industries for his outstanding contributions in applied research. He serves as a professor of practice at the Hong Kong Polytechnic University, teaching courses on technology innovation management, entrepreneurship and entrepreneurship, agile and lean management, and acts as a resident entrepreneur and senior advisor at both the Hong Kong Polytechnic University and the Greater Bay Area Business School.

 Professor Lam began his presentation by introducing LGS Asia Development Limited, his family business.  He recounted how he successfully transformed the traditional family manufacturing enterprise into a socially driven enterprise by integrating cutting-edge management theories, entrepreneurial spirit, and strategic thinking for sustainable development.  Using this as a case study, he analyzed the challenges and opportunities facing China's chemical industry.  He noted that increasingly stringent environmental regulations, rapid technological updates, fluctuating market demand, overcapacity, and geopolitical risks hinder and drive innovation.  He detailed how LGS successfully navigated these challenges by integrating advanced management concepts such as Lean Startup, Open Innovation, and Left-Right Circle Theory..

Students found the seminar highly beneficial. During the Q&A session, students and Professor Lam discussed internal and external resource costs. Professor Lam stressed the importance of keeping professional and visionary thinking up-to-date, paying attention to international geopolitics, financial economics, and technological control management, while emphasizing that improving risk management is crucial for increasing the success rate of enterprises. He shared his personal commitment to continuous learning and adaptation, even in a high-level management position. He noted the abundance of resources and opportunities available to today's graduates, highlighting that the entrepreneurial environment is far richer compared to the past. Professor Lam's insights helped students understand the complexities of enterprise innovation management, enabling them to apply various management theories and tools more effectively in their future careers. The Faculty of Finance extends its gratitude to Professor Lam for his insightful presentation and engaging interaction with the students, providing a valuable blend of theory and practice.