Business Report - Enhancing Competitveness of Electronic Smes in Hong Kong
Introduction
The following report examines the need for Hong Kong Electronic Industries Association (HKEIA) to provide assistance for local electrical small and medium enterprises (SMEs) to enter the Southeast Asian Market.
Background of the project
In the past few years, Hong Kong's electronic industry has been facing intense competition from nearby countries, such as China, Taiwan, Singapore and South Korea. Many local SMEs failed to stand in this highly competitive business environment and end up being shut down. Due to the low demand of electronics over the territory, the industry mainly depends on exports. This implies that Hong Kong's electronic industry is vulnerable to the external economic environment. If the industry is being too dependent on a single market, it will be at great risk in terms of stability of business when the market slows down.
In order to enhance competitiveness and stability of local electrical SMEs, the HKEIA is exploring methods to help supporting their business.
Report
To fulfill the report's purpose of exploring methods for HKEIA to help local electrical SMEs to enter the Southeast Asian market, this report includes these five main sections:
1. Methodology
2. Findings
3. Discussion
4. Conclusion
5. Recommendations
Appendices at the end of this report contained interview questions and a list of journal articles references of most use in this research.
Methodology
In this report, we had carried out both primary and secondary research.
For primary research, we have interviewed 2 local electrical SMEs through telephone. We have asked for their opinion on the Hong Kong market, now and in the future. It also contains comments on the question asking for the willingness of their overseas expansion in the markets of Southeast Asia.
For secondary research, we had gathered information and ideas from recently published journals, articles and research papers, as well as government publications.
The following report examines the need for Hong Kong Electronic Industries Association (HKEIA) to provide assistance for local electrical small and medium enterprises (SMEs) to enter the Southeast Asian Market.
Background of the project
In the past few years, Hong Kong's electronic industry has been facing intense competition from nearby countries, such as China, Taiwan, Singapore and South Korea. Many local SMEs failed to stand in this highly competitive business environment and end up being shut down. Due to the low demand of electronics over the territory, the industry mainly depends on exports. This implies that Hong Kong's electronic industry is vulnerable to the external economic environment. If the industry is being too dependent on a single market, it will be at great risk in terms of stability of business when the market slows down.
In order to enhance competitiveness and stability of local electrical SMEs, the HKEIA is exploring methods to help supporting their business.
Report
To fulfill the report's purpose of exploring methods for HKEIA to help local electrical SMEs to enter the Southeast Asian market, this report includes these five main sections:
1. Methodology
2. Findings
3. Discussion
4. Conclusion
5. Recommendations
Appendices at the end of this report contained interview questions and a list of journal articles references of most use in this research.
Methodology
In this report, we had carried out both primary and secondary research.
For primary research, we have interviewed 2 local electrical SMEs through telephone. We have asked for their opinion on the Hong Kong market, now and in the future. It also contains comments on the question asking for the willingness of their overseas expansion in the markets of Southeast Asia.
For secondary research, we had gathered information and ideas from recently published journals, articles and research papers, as well as government publications.