Strategic Management Process: Ocean Park Hong Kong

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Strategic Management Process: Ocean Park Hong Kong
Table of Contents
Introduction. 2
Ocean Park Hong Kong. 3
External Environments of Ocean Park. 4
PEST Analysis. 4
Political Analysis. 5
Economic Analysis. 5
Social Analysis. 6
Technological Analysis. 6
Industry Analysis. 7
Five Forces Analysis. 7
Threat of New Entry. 8
Threat of Rivalry. 8
Threat of Substitution. 9
Threat of Suppliers. 9
Buyer Power 10
Competitor Analysis. 10
Disneyland. 10
Wetland Park. 11
Internal Environments of Ocean Park. 12
SWOT Analysis. 12
Strength. 13
Weaknesses. 13
Opportunities. 14
Threat 14
Competitive Advantage. 15
Core Competency. 15
Competitive Advantage. 16
Tangible Resources. 16
Value Creation. 17
Conclusion. 17
References. 19
Bibliography. 20
 
Table of Figures
Figure 1 PEST Analysis Hong Kong Ocean Park. 4
Figure 2 Five Forces Analysis of Ocean Park (Hong Kong Amusement Park) 7 Figure 3 SWOT Analysis Hong Kong Ocean Park. 12
Figure 4 Competitive Advantage  Model of Hong Kong Ocean Park. 15  
Introduction
Ocean Park is considered as a major attraction in Hong Kong, the luminous pearl of the Orient and known as the financial center of Southeast China. It is located on the south end of Hong Kong Island. The larger two sections are located on the headlands of Mount Nanlang, while the smaller section is located in the Huang Zhu Keng Valley lowlands. It is considered as one of the largest ocean in the world, having an area of 170 miles (2008). Organizations change and organizations compete for the same resource, competencies as well as customers. It is the cruel reality that must not be neglected by any management, thus the strategy as well as strategic management must not be neglected as a vital integral part of what managers do ( 2002,). This paper will focus on the strategic management process of the Ocean Park of Hong Kong towards their foreigner or tourists customers, particularly those mainland Chinese. It will first tackle the details about the Ocean Park. Second, it will analyze the external environment such as the economic and culture aspect that can affect the relationship of the organization to their possible foreign customers or tourists. Furthermore, it will focus on the internal environment of the organization such as its core competency, together with its strengths and weaknesses.  

 
 
 
 
Ocean Park Hong Kong
            Ocean Park Hong Kong is considered as one of the most important amusement park in Hong Kong, and even in the world. Opened in January 1977 as the country’s unique local park with the heritage of delivering family, fun and fond memories, it was chosen by the citizens of the country as their number 1 favorite scenic spot in the country in 2005 ( 2007). It was also ranked by  on June 1, 2006 as the 7th among the top ten most popular amusement parks in the world (China Travel Golden Route 2007). Ocean Park combines the elements of entertainment, education and conservation in their services. It is consists of six main areas which are: Lowland Gardens, Kid’s World, Marine Land, Headland Rides, Adventure Land and Bird Paradise (   2007). Furthermore, provides all of its guests with memorable education, while inspiring life long learning and conservation involvement. It also focuses on maintaining a healthy financial status, while offering the guests a diverse range of activities at competitive prices. It exists for the benefits of the public and strives in order to deliver the highest standard of safety, animal care, products as well as guest service (Ocean Park Hong Kong 2008).             The Ocean Park of Hong Kong is part of the growing global industry of amusement park in the world, as well as part of the tourism industry. The organization is focuses in global market, and taking advantage of the improving tourism industry of the country, targeting their tourists, regardless of their age. The main goal of Hong Kong Ocean Park is to be the world...
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