...parts of China of the close relationship between Hong Kong and mainland china Hong Kong has enjoyed the benefits of being a capitalist economy and independent from mainland China for over 150 years under British colony without much relationship with China. Even though Hong Kong is now part of China with a strong tie, the Chinese central government valued having a successful capitalist economy in the greater China, consequently they have agreed to preserve the capitalist economy in the Sino-British agreement 1984. In this agreement, China has agreed on preserving the capitalist economy for 50 years after the return of Hong Kong on the 1st July 1997. Hong Kong is now one of the two Special Administrative Regions (SAR) in China having an independent economy with ties to mainland China. This decision had a positive influence on both the Chinese and Hong Kong economy and contributed towards the rapid growth of the Chinese economy and the expansion of Hong Kong as a financial centre in the recent years because now Chinese firms are able to easily reach the international market from Hong Kong. On the other hand, it still has drawbacks and potential threats from China having strong relationship, a free-trade agreement with a capitalist economy such as; large firms with large sums of liquidity and stability moving out of mainland China to preserve its wealth. This paper will discuss the benefit and drawbacks to both parts from an economics perspective for Hong Kong and China having a...
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...experience in marketing in those regions. It’s a people issue, not a product issue.” Shih has discovered that building brands in the business-to-business market is easier than building brands in the business-to-consumer market. “Business-to-consumer brands have more value but also face more challenges. People involved in business-to-business are usually rational, but consumers in business-to-consumer are usually emotional in choosing their brands,” he says. In 2000, in a major restructuring, Acer spun off its manufacturing operations. The reason: Shih wanted to transform Acer from a top 10 global PC manufacturer into a “marketing and services powerhouse.” Shih also refocused Acer’s distribution and marketing on the vast, fast-growing China market. Acer and other key Source: Dan Hartung/Getty Images. ISBN 0-558-55519-5 Global Marketing, Sixth...
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...PESTEL Analysis Political Factor: Hong Kong was run as a laissez-faire economy under British colonial rule, and Hong Kong government continued using this system after the territory reverted to Chinese rule in 1997. The government announced the development for five tourism clusters to increase the attractiveness of Hong Kong to tourists including of Ocean Park. The mandate of Ocean Park Corporate was to manage Ocean Park as a public and recreational park and to provide facilities for education, recreational and conservation activities to the public on a self-financing basis. The Chinese government launched the individual Visit Scheme (IVS), lifting restrictions on the travel of mainlanders to Hong Kong in response to the impact of SARS. The scheme allowed mainlanders from designated cities to travel to Hong Kong in an individual capacity rather than only on a business visa or in a group tour as before. The government also reshuffled the Park’s board of directors and appointed new members to replace half of the board. Economic Factor: The park was dealt with the outbreak of the Severe Acute Respiratory Syndrome (SARS). As tourists shunned Hong Kong and Hong Kongers stayed home as much as they could, attendance at the Park fell by about 70%. Investors in the theme park industry had increasingly turned their eyes to Asia. Analysts forecasted industry growth for Asia at 5.7% between 2005 and 2009. Asia has population of more than 3.7 million. The management saw...
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...change in the environment for an organization of your choice. Critically analyze the impact of these changes on the market and the corresponding strategies to tackle these changes. I would like to propose milk powder in the mainland China as an example to illustrate the PEST analysis. Political - The political arena has a huge influence upon the regulation of businesses, and the spending power of consumers and other businesses. ➢ In the mainland China, the government had passed regulation limiting families to one child each in 1970s. People used to have four or five children in their families and now reduced to one or two. As a result, the birth rate had been declined significantly in the past decades. Less and less infants are born which means that the sales of the milk powder to the families for their infants would be declined as well. ➢ The Chinese government was running protectionism which meant that it imposed heavy taxes on the imported good. Most of the milk powder was transported to mainland. The selling price of milk powder was very high. Economical - Marketers need to consider the state of a trading economy in the short and long-terms in which affect the consumer purchasing power and spending pattern. ➢ The economy in China had been booming in the past decades. People’s incomes have been increased among the cities. They are willing to spend more on their child. They are much more affordable to purchase the milk powder for their child Social...
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...Yajing Zhang Professor Sun GEOG 324 November 27, 2013 Video Report #5: Taiwan Kyde and Eric, who, I believe, are an American couple working and living in Japan, videotaped these five series of videos. From the conversation between them, I think their work seems to be very busy, so when they finally got a chance to take a break, they decided to go to Taiwan. They not only taped the landscape but also themselves. They introduced everyplace they went, they also talked about their feelings at those places. I was really enjoying watching their videos, since their videos make me feel that I was with them in Taiwan. They had been to many places in Taiwan. They start from Taipei, and they went to many small towns and a couple of national parks. Wherever they went, they talked about the food, the hotels, the landscape, and some interesting phenomenon. In general, these videos are very interesting, and they show a lot of things about Taiwan. The first video was basically about the reason why they were going to Taiwan, and the first day in Taiwan. And the first day was all about the food, especially the food at night market. There is very interesting scene on the first day. When they were talking about the bad smell in the night market, I saw a sigh “fried stinky tofu” behind them. This is a cultural difference, they might think the food was terrible because it smells such stinky, they never knew it tastes very delicious. The following days, they continued to explore the city...
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...Strategy Part A: (1) Key Social-Cultural trends in Hong Kong over the past decade. Hong Kong is a special administrative region of China. It is densely populated with an advanced capitalist system. Key events having cultural and social effects include the handover to China, SARS and the emergence of China as an economic power. The CIA lists Hong Kong as having one of the slowest growing populations in the world, ranked 155 with a growth rate of 0.504% per annum. It has one of the highest life expectancies ( 81.86 years, ranked 6), has very low birth rates ( 7224 births/ thousand – ranked 224) and low infant mortality rates. The ratio of men to women has changed over the past decade. In 1999 49.4% of the population was male but this figure had decreased to 47.7% by 2009 ( The Census and Statistics Department ). As a practical matter, these trends stand to complicate the prospect of maintaining rapid economic growth- perhaps severely ( Eberstadt 2007 ). Economically, Hong Kong is still a major financial centre and a leading gateway into China. However, Hong Kong’s economic interaction with the Chinese mainland has grown deeper and broader over the last 10 years, increasing the city’s economic connections with China ( Martin 2007 ). Current economic and trade dynamics have raised concerns that Hong Kong’s relationship with China will shift in the long run from one of synergy to full intergration, possibly undermining the HKSAR’s “high degree of autonomy”. There has...
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...A Suggestion to improve HongKong Suning’s customer service 1. Introduction: Established in 1990, Suning is the top one appliance retail operator and E-commerce in China. It is the commercial leader in China. Among China’s top 3 privately-run enterprises. As the largest commercial retail enterprise in China, Suning Commerce ranks first among top 500 Chinese private enterprises with the brand value of 95.686 billion yuan. In July of 2004, Suning Commerce (Suning Appliance (002024)) was listed in Shenzhen Stock Exchange, thus having become the first listed Chinese home appliance chain enterprise featured by IPO, with its market value ranking in the first tier of home appliance chain enterprises worldwide. It has 180,000 staff with annual sales revenue 230 billion yuan. At the end of 2009, Suning enters Hong Kong market through the cooperation with Citicall Hong Kong which had been incorporated into Suning’s business entity. On Mach 1st 2010, Suning officially launched direct headquarter in Hong Kong, naming Hong Kong Suning Commerce Co., LTD, which takes retail and trading of electronic appliance as its main business. By the year of 2013, Hong Kong Suning has total 28 stores in Hong Kong with nearly 600 employees and its annual turnover reaches HK$ 9 billion. 2. Marketing Mixes: 7PS analysis 2.1 Target Customers Hong Kong Suning targets at three types of cutomers: (1) Local customer. According to the statistics released by the Census and Statistics Department...
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...Topshop takes Hong Kong Introduction to Topshop Topshop, founded in 1964, is part of the Arcadia Group, which also owns other retail outlets like Dorothy Perkins, Miss Selfridge, Wallis and Burton. Currently it has 137 international franchises in 37 countries. Mainly known for its women’s clothing, Topshop’s product ranges from clothing, to shoes, to fashion accessories. Additionally, it has also expanded into the e-commerce arena in several markets that they are operating in. Being a multinational retailer, Topshop is step closer to becoming a global brand by opening its first store in Hong Kong recently. Mode of Entry In order to gain familiarity with the local environment and culture of the Chinese market, Topshop joint ventured with LAB Concept, the new retail subsidary of luxury department store Lane Crawford. This allowed Topshop to be more aware of culture sensitivity, in terms of its’ products and promotion in the Chinese market, and benefit from government support. Topshop manages the merchandising, while LAB Concept manages the operation. Findings Controllable Factors * Product Topshop is often seen to collaborate with local designers and celebrity to attract local customers, when venturing into the new market. An example would be Topshop in Brazil. Topshop collaborated with Greek designer, Mary Katrantzou, that generated a buzz of excitement among the brazillians. In the recent regular show at London Fashion Week, Topshop introduced the new “Unique” line...
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...covers millions of customers all over the world. However, it recognizes the need to constantly improve and take on steps to expand their market share and take control of the global insurance domain. This paper shall look into the current strategy of Sun Life Financial and consider the strategic alternatives which it could acquire to ensure that it sustains its development. II. Current Strategy Sun Life Financial’s current strategy is apparently focused on the expansion of their market share. It seeks to establish a global presence by establishing alliances in strategic world markets. With its headquarters in Canada, the Asian market is slowly being acquired with alliances with influential corporations in the financial industry of Mainland China and Hong Kong. With this stated fact, it appears that the company prefers to enter...
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...Foundation of HRM Contents: * Executive Summary | P. 2 | * Chapter 1. Introduction | P. 3 | * Chapter 2. Situational Analysis | P. 6 | * Chapter 3. Job Analysis | P. 12 | * Chapter 4. Performance Management | P. 14 | * Chapter 5. Conclusion | P. 18 | * Reference | P. 19 | Executive Summary In this report, we used Best Fit model in Hong Kong Gold Coast Hotel. This report provides analysis and evaluation to measure an F&B manager’s performance in the hotel and provides the relevant rewards. We suppose the F&B manager is a man. We analysis the internal and external situation for the hospitality industry to find out the opportunities and threats to see that how our hotel can get the benefit through the opportunities. Then we have the job analysis to formulate what employee is suitable for the position, so we decide to draft the job description and job requirements. According to the job analysis, we have to set some standard to measure the employee’s performance. After that we use different appraisal methods to evaluate the employee and give some rewards to him based on his performance. Chapter 1. Introduction Our objective is using the performance management program to increase the F&B manager’s performance and enhance the performance of F&B department to catch the opportunities that we found in situational analysis of best fit model to increase the company’s competitive advantage to achieve the company’s goals...
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...CUE 2013-14 Written Exam Exemplar – Essay Overall Strengths of this essay based on the following Assessment Criteria Criterion 1 (C1): It offers a clear organization and cohesion, guiding the reader to follow the arguments in the essay with an introductory outline that indicates stance, topic sentences, summarizing sentences, references to previous paragraphs, linking devices, and an appropriate conclusion. Criterion 2 (C2): It answers all parts of the question. It shows a clear, consistent, nuanced and hedged stance throughout, and acknowledges the complexity of the issue and limitation of arguments. It supports relevant arguments by integrating various types of appropriate evidence from different sources. Criterion 3 (C3): It showcases a wide range of appropriate vocabulary and grammatical structures to convey stance and arguments. Criterion 4 (C4): It is consistent in the use of citation and referencing, and follows the guidelines in the Citation and Referencing Style Guide for use in the CUE exam. There is no plagiarism. Ideas / data taken from the reading texts have been paraphrased or directly quoted using quotation marks. Note: Refer to legend “C1, C2, C3, C4” in the annotations for detailed explanations. Should the University of Hong Kong be internationalized? 1) Identify the objectives of implementing internationalization in Hong Kong’s universities; 2) Discuss the criticisms of implementing internationalization in Hong Kong’s universities;...
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...Name: Sarah Hong Kong's Troubling Shortage of Men 홍콩 남자 부족의 문제 Due to a growing gender imbalance, the territory's women have undergone drastic measures—from love coaches to liposuction—to meet a suitable partner. 성별 불균형 때문에 그 영토의 여자들은 적절한 파트너를 만나기 위해 극단적인 방법인 love coach들로부터 지방흡입술까지 시련을 견디고 있다. DAVID COXDEC 2 2013, 7:00 AM ET China’s just-loosened one-child policy has warped the country’s gender ratio over the past 34 years to the extent that by 2020 there may be almost 24 million men unable to find a partner. But in the special administrative region of Hong Kong, a jurisdiction not subject to the mainland’s laws, the landscape is startlingly different. The territory’s 2011 census revealed that there were 209,000 women living alone, a figure that is rapidly rising. It’s believed that one in five Hong Kong women born today will remain single for the rest of their lives. 중국의 느슨한 한 아이 정책은 비뚤어지고 있다. 중국의 성비는34년넘게동안 2020년까지 거의 2400만 남자들은 파트너를 찾을 수 없었다. 그러나 특별한 행정지역의 홍콩관할구역에서는, 본토의 법에는 문제는 없고 그 풍경은 놀랍도록 다르다. 2011년 영토의 인구조사는 209000명의 여자들이 혼자 산다고 발표했고 그 수치는 빠르게 올라간다고 하였다. 홍콩여자 5분의 1은 오늘날 여전히 그들의 남은 여생을 싱글로 남아있다. Phoebe, 24 and a newly qualified lawyer, is already feeling pressure to find a life partner in the next couple of years. “Most of my single girl friends are all panicking about finding their other half now because men have a tendency to favor younger girls,” she explains. “Asian men seem to be attracted to girls around 25 rather than girls over 30, so if we don't...
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...Found in 1938, Kee Wah Bakery has grown into a company with over 50 outlets worldwide, with business filaments that stretch from Hong Kong to Taiwan, Mainland, Japan and United State. Kee Wah Bakery currently provides over 500 products that fall broadly into four main categories, including mooncake, Chinese bridal pastries, snacks and daily fresh baked products. Kee Wah's mooncakes and Chinese bridal pastries are especially popular among the categories. In addition, Kee Wah has introduced the "Kee Gift" souvenir series. The series include a variety of traditional Hong Kong pastries and snacks, Chinese pastries and mooncakes. Through the souvenir series, Kee Wah Bakery aims to introduce not only a unique but also a wide selection of Hong Kong food culture to all over the world. In the past decades, Kee Wah only used finest ingredients to satisfy the demand of our discerning customers. In addition to the persistence in emphasizing on premium food quality, food variety and elegance packaging, Kee Wah products have become ideal options for gifts and self use. Found in 1938, Kee Wah Bakery has grown into a company with over 50 outlets worldwide, with business filaments that stretch from Hong Kong to Taiwan, Mainland, Japan and United State. Kee Wah Bakery currently provides over 500 products that fall broadly into four main categories, including mooncake, Chinese bridal pastries, snacks and daily fresh baked products. Kee Wah's mooncakes and Chinese bridal pastries are...
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...not necessarily familiar with managerial terms. Additionally, their multiple illustrations and steps under each principle allow readers to observe and learn the different phases of crafting a strategy. A Must have Tool for the Next Generation of Business Leaders Blue Ocean Strategy has already benefited numerous companies and has received stellar reviews. Its authors have already been listed amongst the top 10 most influential thinkers of 2007 (The Thinkers 50 biennial poll of business thinkers.) The Strategy has emerged as one of the most important business strategy in the new globally competitive markets. An evidence of that is the acknowledgement of this business strategy by senior executives in China as a ‘Top 10 China Management Practices’ (source: Chief Executive China, the largest-circulation management...
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...Invest in Japan ___________________________________________________________ Hong Kong's close economic ties with the Mainland are well known. However, our economic links with Japan are less well publicised. This is all the more surprising when you consider the importance of trade and cultural exchanges. Japan is Hong Kong's 3rd largest trading partner and our 2nd largest source of imports. In fact, Hong Kong has been Japan's largest overseas market for food and agricultural products since 2007. Investment ties between the two partners have never been stronger. Among the 7,000 overseas companies which have a base in our city, more than 220 regional headquarters were set up by Japanese companies. An additional 900 Japanese companies have also set up regional and local offices here. This makes Japan the 2nd largest group of overseas companies next to the United States. As more Japanese companies set up regional headquarters in Hong Kong, the relationship is set to grow even closer. Japanese firms have also been expanding globally, driven by mergers and acquisitions. Total outbound direct investments by Japanese firms reached US$119 billion in 2014. The level of FDI into Japan, on the other hand, has historically been low for an advanced economy. But that is starting to change. FDI in Japan reached US$2.3 billion in 2013, an increase of 33% from the previous year. In 2014, FDI in Japan surged 285% to reach US$9 billion. The amount is still some way from Prime Minister Abe’s...
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