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 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 ...