For decades now, we had a window to the west: we looked to the US and Silicon Valley for emerging trends in global business, innovation and business development. This year’s DCU Business School Executive MBA class took a different route; taking a path less travelled, embarking on a trip to Hong Kong to examine, first-hand, the nuances of global business developments through a very different lens.
A recent piece I read cites a relevant analogy, describing China not as an emerging market, but as a sleeping Dragon; awakening from a long slumber following a hiatus from its heydays under various dynasties. To prove such an analogy true, one has to look no further than Hong Kong to see that the dragon has already had her morning coffee.
Few global cities can rival the dynamism and resilience of a city like Hong Kong; with one step in China and the other firmly seeking to grow trade with the west. An established global finance hub, Hong Kong has cemented its place as a conduit for facilitating and doing business with China. Espousing an exciting ‘open for business’ mantra, the city, which is currently ‘under new management’ serves as the new silk road between east and west.
The Executive MBA class were exposed to a wide diversity of Multinational and indigenous firms including global consultancy organisations, insurance providers, local manufacturers, creative marketing firms, executive search agencies, hoteliers and social ventures. Insights were gained on the intricacies and opportunities of doing business within the region and more specifically on tapping into the global behemoth that is China.
Among the highlights, the Executive MBA class were invited to visit the Irish Consulate based in Hong Kong and to learn about the scale of cross-border trade currently being conducted within the region. In the evenings we sampled some of the finest cuisine Asia has to offer while taking in the bright lights of this vibrant city. Among the growing expat community we heard more than once an old adage that ‘a New York minute is a Hong Kong second’. One thing remains certain; I’d happily go back for seconds.
Dr Marty Reilly, Lecturer in Management
Learn more about the DCU Business School Executive MBA here