Evaluating the Impact of Multinational Companies in Hong Kong

This report investigates the impact of multinational companies (MNCs) on Hong Kong's business environment, focusing on the influence of companies like Apple. The study includes a project management plan, secondary data analysis from literature, and primary data collected through surveys of Apple managers and employees. The research assesses the effects of MNCs on the local economy, technological advancements, and potential challenges. The findings highlight the benefits of MNCs, such as employment and technological transfer, while also addressing potential drawbacks like increased competition and cultural shifts. The report concludes with recommendations for optimizing the positive impacts of MNCs in Hong Kong and reflecting on the project's success and its utility in supporting organizational performance. The project follows a detailed timeline and utilizes a work breakdown structure to ensure effective management and data collection.

Running head: IMPACT OF MULTINATIONAL COMPANIES BUSINESS ENVIRONMENT
Impact of Multinational companies on business environment
Chan Yan Long
Student No: 189148278
Author Note

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IMPACT OF MULTINATIONAL COMPANIES BUSINESS ENVIRONMENT
Executive summary
The multinational organizations in Hong Kong are able to bring different benefits to China. In
the following study the ways in which these businesses can put impact on Hong Kong’s business
environment is researched. For this various project aims are established and the timeframes and
objectives on the basis of the topic are demonstrated. Next, small-scale research is conducted and
data is collected for developing the knowledge for supporting this project. Moreover, suitable
recommendations are put on the basis of meaningful conclusions that are been drawn from the
findings and assessments. Lastly, the value achieved due to the process of conducting the project
is reflected. This also involves its utility for supporting the necessary sustainable performance of
the organization is established here.

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IMPACT OF MULTINATIONAL COMPANIES BUSINESS ENVIRONMENT
Table of Contents
Introduction......................................................................................................................................3
Section A: Project management plan:..............................................................................................3
1. Aims and objectives of the project:.........................................................................................3
2. Project management plan:........................................................................................................4
Section B: Project findings, research and analysis:.......................................................................12
3. Findings and analysis.............................................................................................................12
a. Secondary Data Analysis.......................................................................................................12
b. Primary Data Analysis...........................................................................................................12
4. Conclusion:............................................................................................................................18
5. Recommendations:................................................................................................................19
Section C: Performance review.....................................................................................................21
6. Analysing the project success along with the utility behind supporting organizational
performance...............................................................................................................................21
a. Evaluation of the Project and its Usefulness......................................................................21
b. Discussion on own performance:.......................................................................................22

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IMPACT OF MULTINATIONAL COMPANIES BUSINESS ENVIRONMENT
Introduction
The following study deals with the way multinational companies can impact the environment of
business of various host destinations. These destinations can include any city, region and
country. Multinational corporations can bring various benefits to the developed nations. Besides,
these institutions can bring relaxed codes of different types of ethical conducts. This can serve as
the exploitations of the neediness of various developing countries (Chiocchio, Kelloway and
Hobbs 2015). Here, it is seen that the entry of different current-day multinational corporations is
found to be towards the backward market. This can give rise to the infusion of major kind of
capital of investments, developed technologies along with exerting knowledge. This can bring
advantages to the developing nations as technology and knowledge can be provided to the local
public. Nevertheless, the adverse effects of the multinational nations in the host nations might be
the fact that local firms can be forced out of business. The reason is that they can never be
finished. The following report deals with the research on how various multinational firms can
affect the environment of business of any country or host destination. For this, the following
study demonstrates the project management plan for various organizations in Hong Kong. Next,
the project findings along with research and assessment, are intended to be developed here.
Section A: Project management plan:
1. Aims and objectives of the project:
The main objective behind this current study has been to evaluate the ways through which the
companies are able to affect the environment of the organizations of the host destination. Apart
from this, it is also aimed to study the adverse impacts on the economy of different
multinationals corporations in various nations. The following study intends the following:

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IMPACT OF MULTINATIONAL COMPANIES BUSINESS ENVIRONMENT
 To evaluate effect of MNC on Hong Kong’s business scenario
 Impact of Apple affecting the technical business environment in Hong Kong
The objectives of the study are the following:
 How the various multinational companies are putting impacting on the business scenario
of Hong Kong?
 How is the business of Apple putting its influence on the nation’s technical business
environment?
2. Project management plan:
Here, secondary research is to be conducted though studying various literatures. The literatures
must include journals. From this, relevant theories and concepts explaining the resent research tic
phenomenon are to be analyzed. The sources are to be reviewed for critically assessing along
with supporting the arguments that are brought in. This must involve statistics, data and report of
trade and government on various multinational companies in Hong Kong. Further, primary data
collected is to be interpreted. The primary research would be conducted with creating a survey
questionnaires and tested on various managers at Apple from Hong Kong. The present project
must retrieve the data and this must be further compared and interpreted related to the findings of
the secondary research. For the primary research for the original first-hand data, both
quantitative and qualitative research methods are to be performed.

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IMPACT OF MULTINATIONAL COMPANIES BUSINESS ENVIRONMENT
Work Breakdown structure of the current project:
Impact of MNCs in Hong
Kong
Common studying
around the present
topic
Formulating research
objectives and
questions
Drafting proposal
Choosing
methodological
approach
Devising method to
be utilized
Literature review
drafting
Data collection
process
Process of data
analysis
Drafting outcomes
and chapter analysis
Developing
conclusions and
recommendations
Submitting to
supervisor and wait
for feedback
Editing activities
and formatting for
the submission
Final proofing with
printing
Handing in
Creating survey
questionnaires
Inviting the
respondents
Taking the exam
Compiling the
responses and
evaluating the
outcomes
Comparing the results
from the literature
review and survey
questionnaire
Ultimate derivation
of conclusion
Figure 1: “WBS for the current project”
(Source: Created by Author)

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IMPACT OF MULTINATIONAL COMPANIES BUSINESS ENVIRONMENT
Demonstrating management plan:
On the basis of deliverables, the various constraints and assumptions of the project are
described. The management plan would be based on the project cost, the project scope, the time
required for the project, the quality of the project, the communications plan, the risk and the
resources of the project.
The project assumptions:
1. One assumption is that the needed primary and secondary data will be readily available
so that the research can be completed in an effective manner.
2. The second assumptions is that the needed resource of the project will be available and
no financial issue will arise in the project.
Project Deliverables:
Apart from that, there are certain constraints in the project. The main constraints are
indicated as follows-
1. Presence of a number of risks in a project is a constraint that is needed to be addressed
2. Another constraint linked with this particular project is time.
Project Cost:
The cost of the project would be allocated from the resources within the organization. It
would be kept at a minimum as the research would be conducted within the organization itself
for the collection of both the primary and the secondary data. These would be utilizing the
resources of the organization including the human resources as well.

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IMPACT OF MULTINATIONAL COMPANIES BUSINESS ENVIRONMENT
Time for the project:
The project timeline would continue for 6 months as the research would be following up
with the initial secondary data collection method and the primary interview questionnaire setup
using the organizational resources.
Quality of the project:
The project quality would be monitored at every phase of the research conduction to find
out that no collected data has been compromised. This would ensure a proper project quality
involving the correct analysis of the gathered data.
Project communications plan:
The people within the project conduction team would be communicated with a devised
project communication plan. This would involve regular face to face meetings held, daily
deliverables checked through emails and project progressions conducted through the daily
project updates. The daily or weekly communication plan would ensure the quality of the project
asper the project requirement.
Risk of the project:
There might be occurrences of several risks during the conduction of the project during
the data collection phases as well. This would require proper handling of the project data during
the collection through the primary and secondary sources. These can be the inability of the
primary sources in providing the proper information required, they might not be essentially
honest during the interview or there can even be primary sources that would leave the project

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IMPACT OF MULTINATIONAL COMPANIES BUSINESS ENVIRONMENT
unprecedented. The conduction of the secondary data collection can also be hampered due to the
unavailability of the sources.
Project Resources:
The resources of the project would not be included in having outsources as all the
resources for the project would be included from the organization itself. Including the primary
collection of data would be taken from the human resources present within the organization.
Techniques and procedures:
The research involves collection of data from both primary and secondary sources. The
collection of the data is linked with the identified research objectives. The primary data is
collected through interview and questionnaire while the secondary data is collected in form of
literature review.
The primary data that is collected is related to the process by which Apple has an impact
on the technological business environment. This collection of data would be followed by a
questionnaire, which would include 5 managers from Apple Inc. and 25 other employees from
different departments, handling the product related works. Mostly, the conduction would include
the likes of the project departments like the R&D department, the marketing department, the
manufacturing department and the production department. They have been selected as per
convenience sampling method. The questionnaires have been completed by the interviewer.

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IMPACT OF MULTINATIONAL COMPANIES BUSINESS ENVIRONMENT
Estimated time schedule for the current project:
Task Name Duration Start Finish
Common studying around the
present topic
2 days Tue 9/17/19 Wed 9/18/19
Formulating research objectives and
questions
3 days Thu 9/19/19 Mon 9/23/19
Drafting proposal 1 day Tue 9/24/19 Tue 9/24/19
Choosing methodological approach 1 day Wed 9/25/19 Wed 9/25/19
Devising method to be utilized 5 days Wed 9/25/19 Tue 10/1/19
Literature review drafting 14 days Wed 10/2/19 Mon 10/21/19
Data collection process 21 days Mon 10/21/19 Mon 11/18/19
Process of data analysis 1 day Tue 11/19/19 Tue 11/19/19
Drafting outcomes and chapter
analysis
1 day Tue 10/15/19 Tue 10/15/19
Developing conclusions and
recommendations
4 days Tue 10/15/19 Fri 10/18/19
Submitting to supervisor and wait for
feedback
7 days Mon 10/21/19 Tue 10/29/19
Editing activities and formatting for
the submission
2 days Mon 11/4/19 Tue 11/5/19
Final proofing with printing 2 days Fri 11/15/19 Mon 11/18/19
Handing in 1 day Fri 11/22/19 Fri 11/22/19
Creating survey questionnaires 10 days Mon 11/25/19 Fri 12/6/19
Inviting the respondents 7 days Mon 1/6/20 Tue 1/14/20
Taking the exam 8 days Fri 1/24/20 Tue 2/4/20
Compiling the responses and
evaluating the outcomes
3 days Wed 2/5/20 Fri 2/7/20
Comparing the results from the
literature review and survey
questionnaire
7 days Mon 2/10/20 Tue 2/18/20
Ultimate derivation of conclusion 8 days Wed 2/19/20 Fri 2/28/20
Table 1: Project Timeline

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IMPACT OF MULTINATIONAL COMPANIES BUSINESS ENVIRONMENT
Milestone Activities
Months September October November December January February
Common studying
around the present
topic
Formulating
research objectives
and questions
Drafting proposal
Choosing
methodological
approach
Devising method to
be utilized
Literature review
drafting
Data collection
process
Process of data
analysis
Drafting outcomes
and chapter analysis
Developing
conclusions and
recommendations
Submitting to
supervisor and wait
for feedback

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IMPACT OF MULTINATIONAL COMPANIES BUSINESS ENVIRONMENT
Editing activities
and formatting for
the submission
Final proofing with
printing
Handing in
Creating survey
questionnaires
Inviting the
respondents
Taking the exam
Compiling the
responses and
evaluating the
outcomes
Comparing the
results from the
literature review
and survey
questionnaire
Ultimate derivation
of conclusion
Figure 2: “Gantt Chart for the present project”
(Source: Created by Author)