HONG KONG, Sept. 13 /Xinhua-PRNewswire/ -- On 7th Sep, 2007 , the 2nd Business Transformation of Outward Processing Trade Enterprises Seminar, organized by Hong Kong Productivity Council, was held in 4/F. of HKPC and provided attendees with business transformation solutions on tax, financing and IT. Mr. Vincent Lau, COO of Abas Business Solutions (PRC) Ltd., gave a speech on “Easy to open a shop but hard to keep it always open, right?” and shared with attendees his understanding in business transformation.
Since the end of 2006, Chinese government started adjusting processing trade policies and issued successively new policies including Processing Trade Ban Catalog, Taxes Merge and Transfer Pricing, etc, which made these enterprises encounter more and more pressure. Reviewing previous preferential policies and the policies changes up to now, many enterprises feel doubt about their future and sighed with feeling of “Easy to open a shop but hard to keep it always open”.
Viewed from Mr. Lau, enterprises should face this policies challenge actively and seek for business transformation. He said, “Taking Boeing Company for example, it encountered a divergence on whether to produce continually military aircrafts with fat profit or to develop commercial aircrafts with bright future in 1952. Finally, in a long term, Boeing decided to develop commercial aircrafts and put their 15 years’ net profit of, i.e, 25% of total assets in the same year for R&D of Jet Aircraft 707. Today, Boeing is successful and has a great achievement.”
“Keep shop always open” is a taking-time and laborious job. But the first thing is that we must have and insist on a correct idea. After reviewing the successful case of HP and SONY, Mr. Lau mentioned “To build a successful company does not depend on a single idea, single product, single leader or single market policy. It depends on your Current Management’s Mind Set!” It is very important for enterprises to build its Core Value and recruit highly competent, passionate staff to share it. Then integrate five factors including Standardization, Systemization, Training, Innovation and Progress, enterprises will become more and more effective, competitive and successful.
Finally, Mr. Lau hopes that enterprises working on processing trade could face this challenge and choose their own development roads actively. During this process, Abas will try her best to provide effective solutions to help them realize the transformation.
About Abas
Abas Business Solutions (PRC) Ltd is a recognized leader in delivering collaborative ERP solution. It was founded in Hong Kong in 2003 and established branches in Shenzhen and Shanghai afterward. It aims to provide comprehensive ERP software and IT services from consulting to software development & support to SMEs in China. Now, we have over 1900 customers with 36000 users worldwide. For details, please visit our website: http:// www.abas-prc.com .
Media Contact:
Ms. Helen Fan
Tel: +852-2882-2949 ext 2021
Email: Helen.fan@abas-prc.com
