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Macau, Macau Business, MAG, MB, MB Featured, Opinion | Business 101. When companies plan their business models, typically they must consider, amongst other matters: their products and/or services; demand; market(s) and their environments (economic, political, cultural, social); existing, potential, and likely competition; start-up and ongoing costs and expenses; emergency funding; marketing and promotion; income streams, revenue, and delayed profit; sales; distribution; cash flow; profit margins, gross and net; liabilities; risk analysis, evaluation, and handling; constraints and the ‘what if’ factor; flexibility, adaptability, and adjustment.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | New year; old problem. As the pandemic rolls on, so many calls for economic diversification in Macau as a survival strategy have been heard, loud and long, that, as the law of diminishing returns tells us, their effects recede.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | The world is full of interesting paradoxes that befuddle the mind. Or, as the delightful chapter in Alice in Wonderland put it: ‘‘curiouser and curiouser!’’.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | Macau’s development of international and tertiary sector industries is the watchword for its long-overdue diversification. Is Macau ready for this?
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | As Macau rebuilds its post-pandemic economy, one could be forgiven for believing that the good life for all has arrived, as evidenced in the manifest opulence on display in its up-market shopping malls. However, this is not the case; social justice needs attention in Macau.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | In June of this year, a publication entitled ‘Macau’s sustainability and diversification’ noted that Macau’s ‘economic volatility caused by an unbalanced industrial structure restricts the diversified development of society. Economic diversification is the only way for Macau to achieve sustainable development’. Nothing new there, and, anyway, such a singular view is unconvincing. What about other aspects of society? Diversity is not singular, and it requires inclusion.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | The recent euphoria over Macau’s economic resurrection should not mask the long-standing challenges facing its society and values. Sunshine creates shadows in which can lurk a range of pathologies.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | Macau Business | December 2023 Keith Morrison – Author and educationist
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | Across the world, a civil service job pays well and is secure. Not bad if you can get it, with competitive entry to it by hordes of applicants.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | Macau wisely looks to mainland China, South-East Asia, and Portuguese-speaking countries, as part of its economic diversification. However, to be a player on the international stage and world-wide market, it must look wider, and, hence, the standard of English in Macau must improve dramatically and urgently.
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Macau, Macau Business, MAG, MB, MB Featured, Opinion | As Macau strives to revive its post-pandemic economy and to reinject life into its ailing society, calls for investment in human capital resurface, alongside endless mantras of economic diversification which, for years, seem to have fallen on deaf ears, and together with plans for further infrastructure development and construction which have already turned Macau into a concrete jungle.