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The Management Of 21st Century: Hong Kong

Submitted by oppapers on February 21, 2002

Category: Business
Words: 1023 | Pages: 5
Views: 605
Popularity Rank: 10,084
Average Member Grade: N/A (Add a Comment / Grade this Paper)

Hong Kong is the most suitable place for business. It is characterized by its

high degree of internationalization, business friendly environment, rule of law, free

trade and free flow of information, open and fair competition. Therefore, the business

management is a very important part in the business. The management of Hong Kong

includes the external environment and the internal environment.

The external environment includes the economic environment, labour market

and social environment.

In the economic environment, Hong Kong has faced the Asian financial turmoil

in 1997. But now, the overall economic condition progressively improved. Later,

China will be a member of the World Trade Organization (WTO). Hong Kong will

gain a lot of business opportunity in different trades, such as banking, insurance,

telecommunication. Those businesses need the new management for their future. For

example, they must plan the new organizationˇ¦s goals, or they estimate the demand of

human resources in the future. However, this phenomenon will disappear very soon

when China would be a member of WTO after two years. It is because Hong Kong

may not be the intermediate between China and the world since China will open their

market for the world. Therefore, the Hong Kong companies may plan how to reduce

the labour supply within an organization at that time.

In the labour market, manpower is Hong Kongˇ¦s most treasured asset. Because

of much labour supply, it does not enough labour demand in the market. Moreover,

there are many graduates who do not have the working experience. Most of the
...

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