Cyberspace is rapidly supplanting physical space as a business environment. Even successful small firms need to put a lot of effort into navigating this setting, which is not only new, but growing and changing with amazing speed.
InnoClub, a one-stop platform jointly created by the Hong Kong Trade Development Council (HKTDC) and Hang Seng Bank, recently held a seminar Connecting Upstream and Downstream: Building a Smart Supply Chain with Digital Technology. Supply chain, logistics, operations and procurement managers tackled the supply chain and payment system pain points of small and medium-sized enterprises (SMEs).
Those who were already in work during the heady 1990s, when simply tagging “.com” to the end of a brand name brought sky-high valuations, will also remember the blowout in the 2000s when most of the “dotcoms” vapourised leaving just a few to soar.
Regulators, investors and customers often require companies to follow sustainable, environmentally friendly policies as environmental, social and governance concerns grow. But these terms mean different things to different people – or organisations – and comping up with a comprehensive and unambiguous taxonomy is no easy task.
Many of the concepts around sustainable business require university-level physical or chemical engineering to understand and generate heated debate even within the green community; busy managers of small and medium sized enterprises (SMEs) can have a hard time navigating their way to such goals as Net Zero.
The meteoric growth of economies in Asia during the 20th and 21st centuries generated a phalanx of self-made millionaires and billionaires, many of whom now need to protect and grow their wealth for second and succeeding generations by setting up family offices.
Ireland was historically a farming country, and agriculture remains an important industry there though financial services, especially fintech, have since come to the fore. Conversely Hong Kong went from trade to manufacturing before becoming a global financial services centre.