Ikea and Rfid Technology

Effective use of modern IT can be seen as a requirement to succeed in the markets

...although IT system is not a shortcut to success

IT system needs to be implemented on the needs of business

In Hong Kong most of the utilities are monopolized by some large scale corporations,

Today Hong Kong has serious social and economic problems, and Hong Kong government implement poor land policy and no anti competitive policy

Under the domination of the market leaders, people are forced to pay for housing management fees, food, transportation, gas and electricity. However, Government does not have enough intention to care for or solve the problem

There are five reasons leading to the high property price in Hong Kong

Hong Kong people believe that buy a flat can be added value, the banks offer low interest rate for savings. citizens are more willing to buy real estate such as properties for investment

Government decreases the supply of the land and abandons the Home ownership Scheme

Since the developers are using exaggerated advertisement and misrepresenting information booklet, customers are being faked by the information and may make wrong decision. The community dissatisfied with the techniques of the developer and the sales agent.

Inflation lead the high cost of construction cost, it affect the price of the property directly

Impacts:

Customers: People with low income cannot afford to pay high rent, so in result; they are forced to live in a poor condition living environment such as the sub-divided flats,

Shareholders: Selling property with very high price, Inflated Buildings leads to significant income. As The revenue increase, shareholders have more dividends

Government: Law cannot forbid property companies to build Inflated Buildings

Didn't put enough afford on establishing laws to eliminate "grey areas" that allow property companies to earn profit unethically

The property companies brand's image is damaged, improvement should be protect their reputation.

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