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The company seeks to provide storage facilities to the residents of the area along with additional packing, and moving services. Also, it seeks to ensure that the possessions of people are well protected and cared for. The market for the service is somewhat competitive in the sense that there are a few large scale competitors who can make it hard to launch and develop the storage facility. However, most of the competitors operate in certain particular areas and so none has a monopoly over the whole of Hong Kong. The market plan therefore, at least in the short run, is to start the storage facility business from a densely populated area (Kwun Tong) where there are a lesser number of competitors and a greater demand. In the long run, the company may concentrate on the spreading of the business to other areas.
Over the past few years Hong Kong has progressed in terms of economic growth with an average GDP increase of 5% each year. (HKs Current Economic Situation) Although this has been beneficial for the domestic companies of Hong Kong (our company included) because of the increase in the domestic demand, however it is also true that the economic prosperity of Hong Kong has attracted many foreign investors. The presence of such investors poses a threat in the form of the competition that they generally provide. In order to overcome the consequent harsh operating conditions that have arisen, the company has concentrated on certain objectives.
The company has formulated certain objectives keeping in mind certain observations from the past. This includes the clarification of the goals of the business that has to be started as Bergsman (2004) relates. The company is keen to invest in mini storage facilities often referred to as the self storage facilities. Self storage facilities consist of self storage spaces that are
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Scholarly literature has suggested that change management has been proved to be moderately successful in most of the organization. Serkin (2005) has reported that in organization, out of three initiatives, two initiatives fails to transfer. It has been said that as more things keep on changing, the more they tend to stay the same.
From the past they have been dominated by the male dominated society and they have been suppressed to be calm and quite. But, the cultivation of the leadership qualities and the managing abilities were started long back within the females. The advancement of the society and the openness towards the females has given a great support to the females to show their charisma in the corporate field.
Most of the people have many objections regarding the decision to get an MBA as a professional degree. For example most of the people argue that MBA is the monetary cost to obtain the degree. Tuition can range from $20,000 to $ 50,000.that is true but according to my research the MBA is the only degree that can stand with you all the times.
Recognizing that trend of globalization and market economy, I realized that being geared with the adequate knowledge and skills in managing business organizations will enable me to make meaningful differences. Thus, instead of directly plunging into the government career I embarked on the quest in furthering my business management skills.
My detailed plan has four steps. First, I want to pursue an MBA education so that I can be on the fast track to accomplish both my short-term and my long-term goals. Second, I would like to work in general management at one of my father's companies for one or two years, so that I can practice what I will have learned.
The significant difference between these two extremes is the level of organized efforts to promote business entrepreneurship. The more developed a nation is, the better are the chances of its citizens starting enterprises - albeit
o the classroom discussion, and one would also assume a level of education and competency among the other students; as such, the argument would include more detailed information. Within daily life the matter becomes one of more pure personal opinion, and must be structured in a
Management education has seen rapid growth and development since the last century all over the world. The US business education has been thoroughly dominated by the MBA and is widespread at all levels.
It revolves around innovation, creativity, risk taking, developing opportunities and effective organisation of the resources. Successful entrepreneurs are capable of organising minimal resources to implement a business idea
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