Strategic Management Research Paper Example | Topics and Well Written Essays - 1000 words

Strategic Management - Research Paper physical exertionLately the services it offers to its customers have also been widely differentiated from those of its competitor, Disney. Thus, conflict of interests has been avoided and also the cut pharynx competition that previously existed has been brought under control. From the internal environment, Ocean Park has undergone a lot of innovations and improvements which help it to discover up with the competitive environment. With the innovation of Dolphin shows and the Cable Car, the place is able to attract a broad number of populate from different corners of the world. The managing director of Ocean Park also stated that unlike Disney which was in all about fantasy, Ocean Park was about reality of nature and real animals. In Singapore, the main magnet currently is the Universal Studios Singapore. The theme park has paved a way for Asias success in tourism since it has already attracted more than two million tourists since its openin g. The success of the park has in the first place been attributed to its unique attractions of megahit movies and television shows. Its spectacular hotels and shopping malls also contribute significantly to its quality and attractiveness. General Environment in Hong Kong and Singapore The environment in Hong Kong is generally characterized by businesses, industry and work. Most of the businesses atomic number 18 operated in a laissez faire world where there is very minimal control by the government. The place is also composed of industries such as manufacturing and electronic industries (Lee, 2001, P. 110). Although the city is cognise to be poor in the financial and commercial sector, it is known for its success in domestic tourism. Lately however, it has specialized in eco-tourism considering its magnificent nature (Singh, 2012, P. 10). The politics in the area are not so outstanding but are carried out in a peaceful manner. Such factors have promoted a favorable environment f or the park to undertake its developments. Political stability in Hong Kong also creates a favorable environment for the tourism industry. This is supported by the fact that tourists would not be willing to visit a place where there are wars and political violence. Travel and trying on industry in Hong Kong and Singapore Following the recent release of Global Financial Centers Index 2011, Hong Kong was be at a higher position than Singapore and third after London and New York. This has mainly been attributed to its wide hotel and tourism industry. The catering and hotel industry in Hong Kong provides highest level of visitor experience and satisfaction to the visitors thusly ensuring that there is a flow of tourists all the time. The travel industry is also favored by the troth of staffs that are fluent in Mandarin so as to promote communication with the tourists. Most of the tourists to Hong Kong are from mainland China. Other, whose main aim is leisure, recreation and holiday s come from other parts of the world, including America, Thailand and Singapore (Zhang, Pine, and Lam, 2005, P. 83). Due to the continued political and economic stability in Hong Kong, the tourism industry continues to grow as more and more people find their way to the city. With growth in the tourism industry, it implies that the number of visitors on Ocean Park will also increase. Take for example in the year 2011 when china as a whole registered a large number of tourists, Ocean Park reported a total of 900,