This prosperity is driven through industry and commerce. The increasing number of projects ranging from real estate and industry require research into effective and efficient construction management. This research into…
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There are complex legal implications involved for both parties when entering a contract.
There are a lot of foreign investors currently investing in Macau, as they belong to different nationalities, they do not hold adequate information about local laws of Macau. Therefore they have difficulties in entering into contacts with local businesses. The implications of entering into contracts with foreign nationals are a dilemma for local businesses as well. Adequate study into different contract practices can lead to a better understanding of business processes and difficulties faced in finalizing contracts.
According to Davenport & Euher (2002), effective contract management can lead to improvements in both productivity and efficiency. Many business deals go sour because of ineffective contract management. Similarly foreign business is lost by local companies because they have slow processes of drawing out contracts. Therefore study of contract management practices can help us understand better ways of drawing out contracts that safeguard rights of local businessmen and do not drive away valuable business opportunities.
Purely from the perspective of a foreign businessman research on contract management practices in Macau is invaluable. This can give them clues into what can be expected and legal implications of their actions. Effective knowledge of contract management can also give foreign businessmen a head start against competitors. The report will also recommend practices that should be adopted in the future to promote effective contract management.
The aim of the research is to explore and identify the factors which are responsible for the rapid development of the contracting management in the Macau construction industry. A thoroughly review of literature and findings on the factors of the rapid development will be presented with recommendations on how to improve the implement of
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This paper will use the principles of strategic management to examine the two companies and their structures in operations. In doing this, the research will focus on a comparative analysis of key components of strategy and strategic management in both firms.
These companies have to be listed with the stock exchange for which they have to fulfill a number of conditions before they can offer their shares for sale on the stock exchange. Two of the largest stock exchanges in the world include the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotations System (NASDAQ).
Therefore people have a major misconception that firms only aim is to maximize its profit. Managers and employees are not only concerned about the increasing the profit margins on products but are also concerned about increase the overall worth of an organization.
Retailers can now freely bought in products from anywhere in the world without being subjected to trade quota (Marouani 2009). This has dramatically changed the competitive landscape in the UK fashion retailing industry due to the intensified competition brought by foreign textiles either as a retailer or as an outsource material.
Firms are made to create surplus; it is possible to finance the firm entirely by total equity but due to the fear of bankruptcy most firms include different types of capital to finance the Corporation. Usually common stocks, preferred stocks and debt are three most often used types of debts.
However, there are other factors to be considered like potential investments in future projects, etc.
For example, if there are two projects A and B, with useful life of 5 and 7 years respectively; and if another project C can be initiated soon after project A finishes.