MTRC's Struggles for Profits and Autonomy
MTRC's Struggles for Profits and Autonomy
This chapter reviews the MTRC's corporate history of struggling for financial survival to high profitability, interactions between the managing board and management, and evolution of corporate strategies under different corporate leaders. The MTRC is one of the largest local property developers in Hong Kong. It has completed over 33 residential estates, office buildings, shopping centres, hotels, and car parks. The MTRC is innovative and aggressive in other commercial businesses, more so than the KCRC. In early years, the MTRC did struggle hard. For financial survival, it had to be prudent, innovative, and follow international standards in financial and business management. Over the years, the MTRC has developed a strong culture of corporate professionalism, commercial orientation, and autonomy from the government.
Keywords: corporate strategies, financial survival, railway business, KCRC, business management, corporate professionalism
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