Management Of The Hong Kong Company example essay topic

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 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 since the employee has the same working experience. Therefore, most of the Hong Kong companies setting the minimum recruitment requirement must need one to four years working experience. This is the present of human resources management in Hong Kong.

In the present social society of Hong Kong, there are many families who have been divorced. As a result, there are many single parent families in Hong Kong. The parent in the single parent family are so difficult to take care their children when they are working. Most of the managers in Hong Kong concern the single parent family life which may affect their working. The manager may let them to phone call their children in the working hours, or let them go to home early if their children have problems. This provides a good atmosphere between the manager and the employee.

Besides the external environment, the internal environment includes workforce, work / task demand and incentive system. About the workforce in Hong Kong, there are many different racial people who work in the same company. Although they work in the same company, the company may have different management for them. It is because their culture are so many different. Also, some of the companies have been globalization. The management of the Hong Kong company may not be suitable for the company in other countries.

It is because there is different structure and culture in different companies. Therefore, the company must set the most suitable management for the employee according to their countries's culture. About work task demand, there is much enough labour force supply in the Hong Kong companies. It is because the companies want to reduce the extra labour force. Therefore, most of the companies do not employ a new employee for their new position. Therefore, they would order the present employee to do a job.

It is simply to show that employee will have more work which the salary do not increase. Under this unfair situation, most of the workers do not play attention to their work which reduce the working efficiently and effectively. Therefore, the management must solve this problem which provide a good atmosphere for the workers. In the incentive system, only a few of Hong Kong companies would like to give the bonus and the shares to employees.

If the companies give the bonus or shares to the employees, the companies can retain the talented man who can give most of the benefit for the companies. Also, the companies can reduce the human resources cost. Besides, the shares and bonus can stimulate the employees who do the job more efficiently. However, the step of incentive system in Hong Kong is very slow when compare with America. Therefore, the management of Hong Kong must concern about the incentive system.

In conclusion, Hong Kong management will be mostly affected by the economy of Hong Kong. Also, China is the most important country, which can affect our economy and company management. Moreover, Hong Kong companies can learn the management of other companies in other countries. Therefore, Hong Kong will remain the struggle for other countries.

Bibliography

Benjamin K.P. Leung, 1996.
Perspectives On Hong Kong Society, New York: Oxford University Press. Ng Sek-Hong and Victor Fung-Shue n Sit, 1989.
Labour Relations And Labour Conditions In Hong kong. The Macmillan Press. Information Services Department, 1999.
Hong Kong 1999.