Branch Analysis of Macao's Tourism Industry

Branch Analysis of Macao's Tourism Industry Airline Industry Table of Contents Preface 4 Chapter 1. Introduction to Macau Airline Industry -1 Definition -2 Memorabilia -3 Airlines in Macau -4 Departure and Arrival 5-7 Chapter 2. Current Trends 2-1 Cargos 2-2 Visitors 2-3 Airlines 2-4 Macau International Airport 2-5 A5 2-6 CEPA 8-11 Chapter 3. Analysis of Macau Airline Industry 3-1 Air Cargos 3-2 Commercial Flights 3-3 Visitors and Spending 2-17 Chapter 4. Suggestions and Conclusion 8-19 Bibliography 20 Table of Charts and Graphics Table 1-1 Memorabilia of Macau Airline Industry Table 3-1 The volume of air cargo in Macau 6 2 Table 3-2 Job Vacancy of Transport and Communications Table 3-3 Job Vacancy of Gaming Table3-4 Average Salary of Transport and Communications Table3-5 Average Salary of Gaming 3 3 3 3 Table3-6 The numbers of commercial flights 4 Table3-7 Gross domestic product (GDP) Table3-8 The numbers of visitor arrivals and spending Table3-9 Total spending of the visitor 5 6 7 Preface After the hand over on 20th December 1999, the economy of Macau started to step into a new phrase. Especially after the liberalization of gaming, a lot of big scale companies started their business in Macau. At the same time, tourists from different countries are rushing to this tiny city - Macau because they are attracted by the casinos

  • Word count: 3844
  • Level: University Degree
  • Subject: Business and Administrative studies
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How far does influence and desire affect consumption in the postmodern era?

Postmodern Consumption: How far does influence and desire affect consumption in the postmodern era? Abstract: Examines how the consumer can be affected by influence looked at by Leiss et al., Abrams, Bearden et al., Williams and what impact does desire have on consumer behaviour looked at by Elliot, Taylor and Saarinen, Kunda, Campbell. Also this review will look at the symbolic linkage to consumer behaviour the main theorist here being Russell Elliot. There is evidence suggesting that consumers are influenced by others directly and indirectly (compliance, identification, internalisation values and consumer susceptibility) these are looked in depth by Bearden et al., Kropp et al., Kellman and Kahle. This review will highlight linkages and affects of advertising, influence, symbolism, socio-culture, desires, state of consciousness, matter and meaning in relation to consumer behaviour. Rationale: The consumer is an ever-changing entity; consumer behaviour will continue to change for the foreseeable future. Consuming a product(s) is seen by many to be a straightforward process but many academics do not agree. Academics believe that consumers are influences by other human beings, advertising and that consumption is never purely an individual task that excludes all intervention by others or the media, all consumption is influenced or become susceptible in some way, shape or

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  • Level: University Degree
  • Subject: Business and Administrative studies
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Discuss the factors that will be affecting the demand and supply the given products in the next several years.

Introduction In this report we are trying to do broad discussion on the factors that will be affecting the demand and supply for the given products in the next several years, and we have also described about these factors how they will affect on demand and supply to increase or decrease. This particular report has appropriate facts and figures, price, sales and growth rate which will assist to do market analysis. After doing critical marketing analysis we have predicted the future growth or decline in demand and supply. Demand "The quantity demanded of any good is the amount of the good that buyers are willing and able to purchase". (N. Gregory Mankiw, 2004). Quantity demanded of any good depends on various things, but one determinant plays an essential role in the market which is price of that good. But price is not the single thing that affects on market there are also other factors which affects the demand which are: Income, Distribution of income, Tastes, substitute goods, Complementary goods, Expectation of future price change (Sloman & Norris, 1999). . Convenience foods "Total demand for converted flexible packaging (food and non-food sectors combined) will grow 4.2 per cent per year to $16.5bn in 2011" http://www.foodproductiondaily.com/Packaging/US-Convenience-foods-boost-packaging-demand-report These figures clearly show that convenience foods item's demand

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  • Level: University Degree
  • Subject: Business and Administrative studies
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Discuss the imapct of Mao's agricultural reforms on Chinese society.

Discuss the imapct of Mao's agricultural reforms on Chinese society. In respect to agricultural production, especially within the production of grain, China has had perpetual problems due to the need to feed 20% of the worlds population yet only having 7% of the worlds arable land to do so; a problem which is further intensified as a result of only half that land being suitable for agricultural production (Cannon and Jenkins, 1990). Prior to 1978, agriculture within rural China was arranged in a commune system, where a three-tier arrangement had developed - the work-teams being subordinate to the production brigades who in turn were subordinate to the communes. This structure was used in all aspects, including production organisation, administration and also within the political hierarchy. Under this system, land ownership and control did not lie with the individual householder, instead control was primarily held by the commune. For many other third world countries outside China, this has been seen as the way forward but following the death of Mao Zedong and the arrest of the "gang of four" in 1976, 'decollectivisation' began to take place (A.Saith, 1987). Those not in favour of the previous system believed it hindered agricultural growth and failed to increase living standards so urgently needed. Thus since the Third Plenary Session of the 11th Central Committee of the

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  • Level: University Degree
  • Subject: Business and Administrative studies
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This report evaluates a current operational process and provides some recommendations particular on JIT based on Fight Motorcycle Manufacturing.

. INTRODUCTION Throughout the 21 century, manufacturing industry will be asked to respond to an increasingly demanding set of threats and opportunities. The pressures will place demands on management to review their manufacturing strategies, and to optimise their use of tools and resources. Every company will have to strive for excellence in every area of their operations in order to be more competitive. Operations Management is 'the processes by which a range of inputs are converted into the products and services required by the customers of the organisation.' (Naylor, 1996) 'Just-In-Time' (JIT) is one of the operations management methods which 'aims to meet demand instantaneously, with perfect quality and no waste'. (Bicheno, 1997) This report evaluates a current operational process and provides some recommendations particular on JIT based on Fight Motorcycle Manufacturing. 2. BACKGROUND In a telephone communication, the Section Leader of Marketing Department at Flight Motorcycle Manufacturing said that:' Flight Motorcycle Manufacturing is located in the countryside of North-east of China. Early established in 1982 as a small-scale enterprise, it only had workshops and dozens of workers and only produced some simple goods for local markets. After 20-year struggle, it has been strengthened so much that it has a fixed asset of over 8 million RMB as well as over 300

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  • Level: University Degree
  • Subject: Business and Administrative studies
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Economic Policy-Making.

ECONOMIC POLICY-MAKING 'Public choice models of bureaucracy are theoretically flawed and empirically inaccurate, yet public choice "solutions" seem to work.' Discuss in the light of recent changes in the British public sector. "Not only does a bureaucracy...tend to under-government, in point of quality; it tends to over-government in point of quantity...A bureaucracy is sure to think that its duty is to augment official power, official business, or official members, rather than to leave free the energies of mankind..." (Walter Bagehot, The English Constitution (1867) page 197). "In the past, Governments have progressively increased the number of tasks that the Civil Service is asked to do without paying sufficient attention to the need for economy and efficiency...The present Government are committed both to a reduction in tasks and to better management." (Margaret Thatcher (statement in the House of Commons 13 May 1980), quoted in Dunsire and Hood, Cutback Management in Public Bureaucracies (1989) page 18). Walter Bagehot, writing as he did at a time when the public sector was considerably smaller than it is today, clearly shows in the above quote that lack of trust in the workings of bureaucracy is not a new phenomenon. Although the best-known work in the field of public choice theory is to be found in the writers of the 1960s and 70s, Niskanen

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  • Level: University Degree
  • Subject: Business and Administrative studies
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What principal-agent problems arise in organisations? How can they be overcome?

Business Economics Assignment MSc Management & HRM Word Count (Excluding References); 3,285 What principal-agent problems arise in organisations? How can they be overcome? Introduction The size and structure of many modern firms means that people, known as agents, are employed to carry out tasks and make decisions on behalf of principals (Strong & Waterson, 1987). The agent commonly has specialist knowledge and skills to carry out such tasks, and Sloman (2006) states that the existence of such relationships is evidence of increased specialisation and the division of labour in competitive firms. These relationships are known as principal-agent relationships, and Sloman (2006) claims they are prevalent among firms operating in today's complex economy, and pose a wide range of problems. The following paper aims to investigate the difficulties that arise on the back of principal-agent relationships, and analyse the effectiveness of various solutions that firms employ. In managerial economics the orthodox mainstream view of the firm is known as the neo-classical model, and Crew (1975) illustrates that one of the key assumptions underpinning the model is that firms aim to maximise profits and ultimately attempt to optimise performance. Taking into consideration the complexity of today's modern economy, the neo-classical model appears to display little resemblance to the

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  • Level: University Degree
  • Subject: Business and Administrative studies
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Polaroid - case study.

BACKDROP Polaroid is manufacturer of photographic equipment, accessories and related items used in instant photography. The organization was divided into two main divisions - The Consumer Photography Division and the Technical and Industrial Division with each of these divisions contributing around 40% of Polaroid's revenues of $ 1.3 billion in 1984. The company produced two main types of films: . The peel apart film which required the user to physically pull the film out of the camera and, 2. The integral film, which came out of the camera automatically. The integral films were manufactured in the R2 building at the Waltham Massachusetts site. The operations at R2 included production of sheet metal springs, pods, plastic cartridges and plastic end caps and then assembled these into film cartridges. R2 ran three shifts, five days a week, employing approximately 900 workers out of which 700 were part time. QUALITY AND PROCESS CONTROL PROCEDURES AT R2 All films were vetted by the Quality Control Department before being released into the market. The QC procedure included sampling of 15 finished cartridges (each containing 10 frames) out of every lot of 5000 cartridges. If the sampled cartridges contained defects in excess of allowable limits, the lot was held and further testing was done. Additional testing usually led to reworking, or rejection of a portion or all of

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  • Level: University Degree
  • Subject: Business and Administrative studies
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Analysing exactly how successful the early printers were is not an easy task.

Analysing exactly how successful the early printers were is not an easy task. Firstly, one must realise that the topic of printing does not consist solely of the extent to which printers prospered in a monetary sense, or the extent to which printing was accepted by the readership it aimed at. It requires an appreciation of the fine and difficult art of printing and the problems that lie therein. One need only look at Moxton's Mechanick Exercises on the whole Art of Printing to understand the complex process printing involved, he identifies the process of simply printing a page without taking into account publishing, financing or selling, as eight separate jobs.1 When one realises that in the earliest times the printer had to perform all these simultaneously, one cannot look at the output of books without the utmost admiration for the printer. At the same time, printers had to contend with the problem of rivals setting up a press in opposition to them, almost forcing them to turn politicians in addition to their other tasks. Of course, the aims of the printers were not to overcome difficulties, as in every case, as opposed to manuscript production, the ultimate aim was of a mercenary nature, that is to form a book trade. Printers needed to make money. To this end it is true that many failed and success was reserved for those fortunate enough to find investment, but it may not

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  • Level: University Degree
  • Subject: Business and Administrative studies
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The operations strategy of ACC - The key elements that form the operations strategy of ACC are flexibility, quality and customization, driven by marketing and engineering.

Question 1 Operations strategies The operations strategy of ACC The key elements that form the operations strategy of ACC are flexibility, quality and customization, driven by marketing and engineering. Plants ACC has four plants in the U.S. and two in Europe, which produce four basic types of connectors and each service a particular segment by customization. The U.S. Sunnyvale plant in particular, utilizes 85% of its total capacity. However in 1991 the plant ran at a capacity of 70%. Keeping an excess of utilization however leads to higher costs. Products ACC really focuses on the quality and on offering a large variety of products. With salesmen who are also engineers, ACC works together with its customers to optimize customization. Within the Sunnyvale plant approximately 15% of the production is customized and the other 85% are standard designs. In order to produce high quality and innovative products the company invests vast amounts in high-end equipment and plants. Production process Sunnyvale has a very flexible assembly and production process, which can be changed at the last minute. The ACC plant operates 120 hours a week. It has relatively long lead times and short production runs and a reasonable small finished goods inventory of 38 days. These features are typical for companies, which apply flexible and customized production. A disadvantage of the

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  • Level: University Degree
  • Subject: Business and Administrative studies
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