The Management Of 21St Century: Hong Kong
...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 organization¡¦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 Kong¡¦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
companies do not employ them because the companies do not want to waste the
training cost and time if the employee only work for few months. Also, if the
employee has working experience, the employee would do the job faster and easily...
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