Premium Essay

Hong Kong

In:

Submitted By HanaLam
Words 348
Pages 2
PEST analysis is an audit of an organization's environmental infiuences with the purpose of using this information to guide strategic decision-making. The PEST technique involves assessing four sets of factors: Political/legal, Economic, Socio-cultural, and
Technological. The assumption is that if the organization is able to audit its current environment and assess potential changes, it will be better placed than its competitors to respond to changes.

strategy - introduction to PEST analysis
PEST analysis is concerned with the environmental influences on a business.
The acronym stands for the Political, Economic, Social and Technological issues that could affect the strategic development of a business.
Identifying PEST influences is a useful way of summarising the external environment in which a business operates. However, it must be followed up by consideration of how a business should respond to these influences.
The table below lists some possible factors that could indicate important environmental influences for a business under the PEST headings: Political / Legal | Economic | Social | Technological | - Environmental regulation and protection | - Economic growth (overall; by industry sector) | - Income distribution (change in distribution of disposable income; | - Government spending on research | - Taxation (corporate; consumer) | - Monetary policy (interest rates) | - Demographics (age structure of the population; gender; family size and composition; changing nature of occupations) | - Government and industry focus on technological effort | - International trade regulation | - Government spending (overall level; specific spending priorities) | - Labour / social mobility | - New discoveries and development | - Consumer protection | - Policy towards unemployment (minimum wage, unemployment benefits, grants) | - Lifestyle changes

Similar Documents

Premium Essay

Hong Kong

...Global Business Cultural Analysis: Hong Kong Ruben R. Castro Dr. Maria Marin Business 604 July 3, 2013 History Hong Kong has been inhabited for millennia, with the early Che people settling the land early on. During the period of the Warring States in Mainland China, Yuet people immigrated from the north and forcibly assimilated the Che people. During the time of the Qin Dynasty Hong Kong was made a part of unified Imperial China. Throughout the Han Dynasty in the 10th century the region grew in economic importance as a result of the local pearl industry. When the Mongols invaded China, Hong Kong saw a large influx of refugees from Mainland China, creating a population boom and further enlarging the already strong economy that had built around Hong Kong as a maritime trading port. In the 19th century, Britain, faced with a growing trade deficit with China due to the British appetite for tea, expanded its sale of opium to China dramatically. The ruling Qing Dynasty disapproved, and banned the sale of opium. Britain pushed the issue by declaring war, and occupied Hong Kong Island by 1831. The British would control Hong Kong until World War II. The Japanese seized the region briefly during World War II. Shortly after the war, the declaration of Communist China led to a new wave of refugees to British Hong Kong. As China continued to pursue an isolationist stance during the Communist era, Hong Kong became an important connection between the West and the mainland, and...

Words: 5922 - Pages: 24

Premium Essay

Hong Kong

... Hong Kong as an Academic Destination Introduction Hong Kong attracts visitors from around the world for its universities,economic infrastructure, stunning nature,urban culture and the rhythm of the megapolis where ‘’East meets West.’’ Demographics During the 1990s, the population of Hong Kong grew rapidly. Nearly 7 million residents are related to Cantonese ethnic groups,called ‘’Hakka’’and‘’Chiu Chow’’. The society of Hong Kong suffers from an aging population due to the declining birth rate. Particularly, the fertility rate dropped to 1.09 in 2012, indicates the ratio below the replacement rate of 2.1.Simultaneously, life expectancy remains elevated ,and is planned to attain 82 for men and 88 for women by 2031. Hong Kong’s old age dependency rate is expected to enlarge and to exceed Japan by 2060. Language According to the 1996 census, the official languages ​​are Chinese and English, about 3.1% of Hong Kong citizens claimed English as the language of everyday communication and nearly 34.9% identified English as a second language.(Bolton,2000) Despite the ended British governance in 1997, Western culture is deeply entrenched in the country and harmonious with the conventional traditions and Eastern philosophy.(Buckley,1997). Education As a former of British overseas,territory of Hong Kong has retained the UK and US education systems.The University of Hong Kong was established in 1911 and has traditionally been...

Words: 636 - Pages: 3

Premium Essay

Imperialism Hong Kong

...were a few disputes during Britain’s colonization of Hong Kong, it is considered to be one of the most calm and civilized occupations in Chinese history. The colonization of Hong Kong first began when “China ceded Hong Kong island to Britain after the First Opium War”. (News) in 1939. As decades continued, the people of Hong Kong along with the independent nation (China) were both affected by this imperialization. Some of these changes had positive effects to Hong Kong’s culture and ways of living, but others had negative effects on the performance of Hong Kong as a nation. Britain had several rationales as to why they imperialized Hong Kong but “the primary motive of British imperialism in China in the nineteenth century was...

Words: 591 - Pages: 3

Premium Essay

Nestle Hong Kong

...1980s, or 1990s, Nestle joint venture with the dairy business to Hong Kong market. Hong Kong Nestlé has always attached importance an improvement and innovation, brands and products more living center. Advantages of brand building consumer trust, management as people orientation, Research & development of consumers delicious, nutrition, health and enjoyment, it has always been our goal to create value for society. It has expanded and reinvented itself become one of Asia’s most dynamic and reputable companies in Hong Kong. Uniqueness of the Hong Kong Culture As the undoubtedly unique culture in the world, the Hong Kong culture is an amalgamation of traditional Chinese value - Taoism, Buddhism and Confucianism, as well as the contemporary culture cultivated by the British colonial history and the capitalist economy. Core HK Cultural Dimension – Hierarchical Like other Chinese Societies, Hong Kong has been strongly influenced by traditional Confucian values that emphasize family socialization (Redding and Wong 1986) as mostly of last generation of Hong Kong were immigrants from China Mainland during 60s & 70s. Chinese accents that one’s conduct should always be within the norms of propriety (Li) and conformity to a rigid hierarchy of social relations (Wu-Lun). According to Hofstede’s theory of cultural dimension, Power distance is the extent that people expect and accept power is distributed unequally. Hong Kong Chinese is characterized by a high level of power distance based...

Words: 3588 - Pages: 15

Premium Essay

Hong Kong Disneyland

...1. Learning from its mistakes with Disneyland Resort Paris, Disney paid special attention to cultural issues pertaining to Hong Kong Disneyland (HKD). Feng shui was consulted for advice on the park layout and design. The Chinese people were also very superstitious so that the 4th floor (4 sounding like death in the Chinese language) was skipped in hotels and one of the main ballrooms measured 888 square meters (8 being an auspicious number). Employees spoke English, Cantonese, and Mandarin so that communication would be easier. Also, signs were in English and Chinese. Restaurants served a variety of Asian and Western food, catering to the different preferences of its customers. However, with all these mechanisms in place, HKD did not do so well because it still had a lot to learn about the Chinese culture, as shown in the example with the Chinese New Year fiasco (see below). There was just too much negative publicity about the park that they overshadowed the promised magical experience at HKD. 2. (a) Managing guest attendance: The daily capacity limit of 30,000 visitors for the park was too high. With approximately 29,000 visitors, the average queuing time was 45 minutes at the restaurants and more than two hours for the rides. Instead of lowering the daily capacity, Disney extended opening time by an hour and encouraged visits during the weekdays by offering discounts. Obviously, Disney wanted to generate the maximum revenue from ticket sales, food and beverages, and merchandise...

Words: 585 - Pages: 3

Premium Essay

The Report of Hong Kong

...Executive Summary Hong Kong is believed the world best location in the world to startup a foreign business. Due to Hong Kong provide a clean business-friendly environment, a stable government fiscal and the advantage of its location. In addition, with the sustainable growth of the GDP and the simple tax system with its low tax rate which made it an attractive place for investment. However, the highly polluted environment and the over-heated real estate would be a big concern for Hong Kong government. In addition, the dependence on land sales revenue should have to reduce if Hong Kong government wants to achieve a long- term fiscal sustainability. The table below clarifies that different level and different type of risk shown from this evaluation and analysis report, reveals that overall risk are in the low level of risk, except for the real-estate and environment risk. Therefore, Australian investor should expected the business operate in Hong Kong would be fairly and equally treated. However, due to the culture difference, that although Hong Kong is a mixed in high and low context culture compare to China and Japan, the minor culture barrier still remain. | |Type of risk |Level of risk | |Factors |- Political system |Low | | |- Legal system...

Words: 4064 - Pages: 17

Premium Essay

Hong Kong Disney

...to be the host for Expo 2010. But Expo is after all a channel for the world to see where China stands on the global stage. It has some sort of significance. In Disney’s case, Chinese government is spending tons of money to invest in a foreign project, which neither promotes their own culture nor benefits the local people. Disney should expect attacks online or less-than-expected visitors because of this reason. - Overcrowded people and long waiting time. Same case with Hong Kong Disney, mainland China has even higher population density. Disney Shanghai should definitely foresee the huge influx of people during weekends and holidays and not so many people on the weekdays. In addition, just like the lesson Hong Kong Disney learned, they should take into account the Chinese New Year holiday, Labor Day Golden Week, and National Day Golden Week – the three major holidays in China. Disney Shanghai needs to prepare for these holidays accordingly in order to avoid repeating the mistake that happened in Hong Kong....

Words: 840 - Pages: 4

Premium Essay

Filipino Amahs in Hong Kong

...adapt to the Hong Kong style of family management 21st November, 2013 In this essay we discuss the cross-cultural differences in the household management of handling children between the Philippines and Hong Kong. Managing children in HK households In Hong Kong, Filipino maids make up 3% of the population. They are especially common amongst families who prefer an English speaking maid. Hong Kong people utilize maids for household management and supervision of the children while both parents have full time jobs. In many situations, the maids will spend far more time with the children than both the parents. Thus, the management of children in Hong Kong is highly related to the amah in the family. There are certain requirements of maids before employment in Hong Kong: * 2/3 Weeks training of Chinese household management * Experience in managing children As most of employers are busy at work, the maid becomes a critical part in the family in taking care of the children during daytime. From school activities to playground, the maid has full responsibility to take care of the children. Management of Children in Philippines: Most of the population in Phillipines do not have maids. In the case where the mother is a maid in Hong Kong, then the grandparents or the father need to shoulder the responsibility of taking care of the children. Differences: In this part we analyze how the maid manages the children of her employer in Hong Kong, and how it...

Words: 829 - Pages: 4

Free Essay

Cultural Diversity in Hong Kong

...Hong Kong's culture was born in a sophisticated fusion of East and West. It not only kept many Chinese traditions, but also experienced a baptism of western culture. This situation led to the diversity of Hong Kong's culture and the people there are open-minded to accept variety. To have a better understanding of this cultural phenomenon, you can give a research on the following aspects. People in Hong Kong The population of Hong Kong is formed by Cantonese, Shanghainese, British, Indians and Jews mainly. Cantonese is the majority and Cantonese culture is the mainstream there. Thus, many Chinese concepts like 'family solidarity', 'family glory', 'saving face' and 'modesty' carry significant weight in Hong Kong's culture. On the other hand, many locals adopted western ways of life. Language Cantonese is used most widely. Since Hong Kong's reversion to China in 1997, Hong Kong government has adopted the 'biliterate and trilingual' policy. That's to say, Chinese and English are regarded as the official languages; Cantonese, Chinese mandarin and English are spoken languages. Food As a culinary capital of Asia, Hong Kong boasts various delicacies in the local or from overseas. Hong Kong is influenced by western countries and some of the foods there combine the flavors of Chinese cuisine and western cuisine. Holidays In Hong Kong, people celebrate the Chinese traditional holidays, such as Chinese Lunar New Year, Ching Ming Festival (Qing Ming Festival) and Mid-Autumn...

Words: 498 - Pages: 2

Premium Essay

Hong Kong as a Tourism Hub

...In year 1997, Hong Kong, the once part of Chinese Empire then became British colony, changed its status again to Special Administrative Region of the People’s Republic of China. The implications of this unique heritage, its transition and cultural identity have shaped Hong Kong into current tourism hub (Henderson, 2010). A survey conducted by Yuwa (2013) shows that Hong Kong ranked 9th in the top 20 global tourist’ destinations. However, competition has been heated up around the region lately. More countries including China (mainly Shenzhen and Zhuhai), Taiwan, and Southeast Asia countries (particularly Singapore and Thailand) are joining the league to attract high-net-worth travelers. The following paragraphs are about to explain both the competitiveness of Hong Kong and threats that may challenge its position as regional tourism hub. Well-connected ground transportation, world renowned airport and sheltered natural harbor contribute to the success of Hong Kong tourism. Hong Kong’s home carrier Cathay Pacific success in attracting millions of tourists to Hong Kong also attracts major airlines to expand flight network to Hong Kong International Airport. The airport is subsequently honored as one of the fully utilized, most efficient and competitive airport in the world (Strategic Access Limited, n.d.). Tam (1997) claims that the advanced infrastructure projects improving transport network, such as the Hong Kong International (Chep Lap Kok) Airport and the number three highway...

Words: 1048 - Pages: 5

Premium Essay

Hong Kong Is My Home

...Youth HONG KONG Hong Kong is home FEATURES Fitness and nutrition Pollution YouTubers HKFYG Cover image by 羅潤龍 by Yun Huang Yong https://www.flickr. com/photos/goosmurf/5899151996/ YOUTH HONG KONG published quarterly by The Hong Kong Federation of Youth Groups EDITORIAL BOARD Rosanna Wong Elaine Morgan (Editor) Ada Chau (Assistant Editor) Angela Ngai Lakshmi Jacotă William Chung Henry Poon CIRCULATION (unaudited) 11,000-12,000 in Hong Kong, throughout the region and overseas VIEWS EXPRESSED are the authors’ and interviewees, may come from official sources, and do not necessarily reflect the views of the editorial board or publisher REPRODUCTION OF CONTENTS without written permission from the publisher is prohibited INTERVIEWS Elaine Morgan, Lakshmi Jacotă, Ada Chau PERSPECTIVES CONTRIBUTORS Ben Tse Elena Ng Mimi Mo Jessica Chan Ajmal Samuel Elaine Morgan SELECETD YOUTH SPEAK CONTRIBUTORS Lin Kristy, Ernest Chau Christy Chu Joy Pamnani Ivy Ho, Kevin Li Ho-lam, Gigi Chau Pansy Tam OTHER CONTRIBUTORS Virginia Addison Education Post Cathay Pacific Kate Yung Hilary Lok HKFYG unit staff TRANSLATION Henry Poon Ada Chau PHOTOGRAPHS Courtesy of HKFYG Very Hong Kong competition entrants, as captioned. Other photographs by Elaine Morgan, Ada Chau, acknowledged as captioned, or in public domain ARTWORK Sam Suen, DG3 DESIGN, LAYOUT & PRINTING DG3 Asia Ltd ISSN 2071-3193 WEB youthhongkong.hkfyg.org.hk CORRESPONDENCE to The Editor, Youth Hong Kong, 21/F, The Hong Kong Federation...

Words: 19700 - Pages: 79

Free Essay

Filipino Helpers in Hong Kong

...Filipinos helpers in Hong Kong are at the risk of being maltreated Introduction Castillo Clariza Avenales who was in her age of 33, had her right thumb being chopped by her male employer after she reported his sexual misconduct to his wife last year. She was not the first one experienced such an unfortunate incident. Hong Kong, which comes to the top rank in world domestic labor employment, has long been seen as somewhere nearby to earn good salaries for better livings by the Filipinos. However, these people might place themselves under the danger of being abused in this workplace. In a 2001 survey conducted by the Hong Kong Human Rights Monitor which is a shadow committee of the United Nations, 1000 maids out of 2500 claimed they were physically abused while 175 of them said they were either harassed or raped. (Stafford, 2001, p. 5) This number was underestimated, according to the Hong Kong Overseas Maid-Employer Association dean, since it was not precise and scientific enough as the police figures which the authorities never revealed. It is actually not uncommon to see Filipinos getting involved in discrimination, unfair treatments, and even violence. Discrimination, unfair treatments, abuses and violence Gatmaytan (1997) stated that “Filipinas are imported by other countries for jobs their own citizens will not perform and for wages domestic citizens would not accept,” (p. 247) which is very true. In Hong Kong, Filipinos are receiving salaries that two times or...

Words: 1483 - Pages: 6

Premium Essay

Hong Kong Movie

...(a process of identification, which shows the discontinuity in our identity formation). The first one is necessary, but the second one is truer to our postcolonial conditions. (Hall) Hong Kong identity is not fixed; it changes from time to time and is determined by the social-political changes. (Jonathan) Mass media (films) can somehow construct some kinds of ideologies or identities and indicate the attitude and value behind identity in a society. (Ping-Kwan) In this paper, we will investigate how 1970s’ films, New Wave Movie in 1980s and 1990s’ films reflect the social changes and construct HK identity. After the 1967’s Riots, Hong Kong people had to face keen competition and social conflict and instability. Most of them had to face great pressure and discontent was widespread in the society. (李以莊) Watching movies such as “One-Armed Swordsman” (獨臂刀) [1967] and “The Big Boss” (唐山大兄) [1971] become one of the tools or ways for them to vent their pressure and emotions. Moreover, in the early 70s, the society was rife with corruption. The corruption of the Hong Kong police and the government officers became a climate of Hong Kong. This phenomenon was corrosive to both the foundations of society and relationship between the police/government officers and the public. (Pak Tong) The Hong Kong government was therefore urged to found ICAC to deal with problem of corruption in 1974. At that time, “The House of 72 Tenants” (七十二家房客) [1973] revolved around 72 people who live in...

Words: 901 - Pages: 4

Premium Essay

Hong Kong Disneyland

...HONG KONG DISNEYLAND ! According to Ali Farhoomand1, Hong Kong Disneyland has been struggling with lower-than-expected profits for almost three years since its opening; factors such as park’s small size, inconvenient location, lack of unique features and Chinese elements, and insufficient appeal to adults have been claimed as possible major causes2. Forhoomand points out that there has been negative press coverage pouring in regards to overcrowding; for instance, “You have to line up for everything. It is a pain, it’s too crowded”, said Chai Zaiyong, who came on a package tour from northern China3 . Then, according to Chester Yung 4 , due to the perceived lack of Chinese elements, Disneyland had not attracted the flocks of mainland Chinese tourists that Disney and the Hong Kong government had anticipated. “This place is very foreign to me,” said 50 year-old Yuan Xiaozhi, an interior decorator from the southern city of Foshan, who was visiting the park for the first time with his wife 5. Consequently, being aware of the importance of adopting local customs, Hong Kong Disneyland launched its first integrated marketing campaign with Chinese cultural elements. In details, for the Chinese New Year of 2008, a new collection of red Chinese costumes was designed for Mickey and Minnie, visitors were also greeted by the Chinese gods of wealth, blessing, health and longevity, who handed out Chinese traditional chocolate gold coins. the fading magic of Disney in Hong kong, the company...

Words: 562 - Pages: 3

Premium Essay

Hong Kong Disney

...( CASE 3-2 ) Hong Kong Disneyland: Chinese Tourists’ Behavior and Disneyland’s Internationalization Strategy DISCUSSION QUESTIONS 1. Hong Kong Disneyland (HKD) experienced woes in its first year of operation due to: * Hong Kong government giving Ocean Park (the local theme park) all the needed support to rejuvenate itself from HKD’s competition * The HKD workforce demanding for equal treatment to their counterparts abroad * Ocean Park’s popularity growing even stronger as a result of the commitment to its culture – creating a tougher time for HKD to be successful. OP was a “home grown” park, where as HKD was a collaborative project with the United States * OP competing at the global level and remaining relevant to local needs * HKD failing to culturally adapt to the theme park in prelaunch stages * Mainland Chinese market not being familiar with Disney characters – American television shows not well-known by mid-aged Asians and the younger generation being brought up with Japanese cartoons * Micky Mouse and Donald Duck = foreign products to Chinese market * Tourists of Mainland China weren’t easily connected to Disney * HKD tryin to introduce Disney before the park opened but efforts failed * Chinese focusing on what they buy, eat, and take home with them rather than the actual park experience; This behavior is natural in their culture. They would rather take pictures on the beach rather than swim and sunbathe * OP = cheaper...

Words: 484 - Pages: 2