A strategic review of manufacturing: lessons from Hong Kong experiences

Summary form only given, as follows. Global manufacturing has brought along the industrial transformation pressures that stressed the design and service-oriented competitions and technology-based developments. Such transformation has offered numerous opportunities as well as problems for manufacturing industry in Hong Kong and elsewhere in the globe. A strategic review of manufacturing in both industry and firm levels constitutes a powerful contribution to enhance managerial decision making and long-range planning. This paper presents a strategic manufacturing review of Hong Kong´s industry from both pessimistic and optimistic perspectives. Incorporating the empirical findings obtained from two recent studies, it also discusses the success factors, problematic areas and strategy choices in manufacturing industry. The paper shares some Hong Kong manufacturers´ experiences in managing industrial transformation. In order to attain sustainable manufacturing competitiveness, firms need to become more technologically advanced and move up-market with the provision of value-added products and services. The strategic manufacturing review of internal and external environments helps firms determine their core competency, and develop viable strategies and tactics for global manufacturing