Strategy to foster the sustainable growth in Hong Kongs retail trade Assignment

Strategy to foster the sustainable growth in Hong Kongs retail trade industry under the situation of soaring shop rents - Assignment Example was the leading causes while strategies like promotion of commercial spaces on vested lands and ceiling on rent prices can be the alternative measures. Retail trade has contributed towards employment and economic growth in Hong Kong. This study will be focused towards identifying various strategies to achieve sustainable growth in retail industry of Hong Kong during soaring shop rent situation. In this particular research paper, different factors will be outlined which has caused turmoil in Hong Kong’s retail sector. The value of retail sales has drastically decreased in recent years, approximately by 6.9% over previous year. It has been observed that sales value of certain products such as jewelry, clocks and valuable gifts, photographic equipment and electrical goods, and consumer durables has decreased by 28.2%, 15.3% and 23.9% respectively. Retail business operators in Hong Kong market are facing major challenges in present scenario in terms of retaining their market share and gaining high revenue margins. This problem has mainly occurred due to decrease in purchasing power of China’s mainland tourists and increas ed total costs in form of wages and shop rents. It is clearly evident that minimum wage legislation of Hong Kong Government and anti-corruption policies of Chinese government are policy variables. These external factors are not under control of retail operators. However these operators can adopt the best strategy for reducing shop rents so as to achieve sustainable growth in Hong Kong market. The retail trade sector is a vital component of utilities, transportation and trade supersector. This sector encompasses establishments in terms of engaging into retailing merchandise and rendering services in context of merchandise sale. Retailing process can be stated as final step in merchandise distribution. Retailers are generally organized to sell specific merchandise to general public in small quantities. There are two main categories of retailers

Difference - A platform to better understand human beings today Research Paper

Difference - A platform to better understand human beings today - Research Paper Example Looking back at world history, the Holocaust was one of the worst disasters the world has ever seen; under the orders of Hitler, millions of Jews were killed for no reason at all1, only because he believed that the world would be a better place without Jews living in it. This was a very conservative opinion which led to hatred and contempt among people and for a long time, these emotions persisted among the people. Even today, it is hard for many people to accept each other belonging to different nations, religions and castes; however such segregation and discrimination is condemned today by international laws of human rights. The Holocaust was carried out in various stages; concentration camps were set up where Jews were thrown in and treated worse than anything else on the planet, however it must be noted that Hitler wanted to display his hatred towards other groups of people like homosexuals, disabled people, political and religious opponents, Jehovah’s Witnesses, Prisoners of War from the Soviet, Polish and Soviet civilians etc. People belonging to all these categories, excluding Jews, were made to suffer in the concentration camps at Auschwitz where they were used as slaves or menial labourers following which most of them died of diseases and starvation. Those that survived such laborious work were ultimately thrown into gas chambers were they were finally killed. Women and children were also made to suffer along with men in these camps and many a times were even used to conduct medical experiments on2. Doctors and psychologists that took up such work were extremely cruel and heartless and tested out life threatening experiments on these people, using them as mere guinea pigs. This entire episode was extremely traumatising and shocking for people all over the world that heard about the news; the mention of Hitler’s name would send a chill down people’s spines. It was further decided, with the Nuremberg Laws that there needed to be a ce rtain code of conduct for people to follow and that those who violated the rules of human rights would have to pay for the consequences. At that time, there were very few men brave enough to stand up against the Reichs and tell the Nazi soldiers regarding the injustice that they were practising because of the fear that had been put in their minds against Adolf Hitler. Thus, people faced a harsh challenge of not being able to survive with cultural differences and practice civic responsibility. The punishment today for treating another human being in a cruel manner is extremely harsh and even imminent death. With the help of this shocking incident during Hitler’s reign, people today are able to understand that it is alright to have different kinds of people living in the world alongside each other. It is quite a normal and natural phenomenon to live in a community filled with people belonging to different religions, races and gender orientations. As opposed to the past, today, people have become increasingly efficient and do understand where their responsibilities lie with respect to treating other people in their vicinity. It is important to understand the philosophy of being able to deal with a community of different people in a fair and transparent manner. Governments all over the world