Post office trading fund : a progress report and discussion of issues and problems

Pao Yue-kong Library Electronic Theses Database

Post office trading fund : a progress report and discussion of issues and problems

 

Author: So, Shuk-fong
Title: Post office trading fund : a progress report and discussion of issues and problems
Degree: M.B.A.
Year: 1997
Subject: Hong Kong. Post Office
Postal service -- China -- Hong Kong -- Evaluation
Government spending policy -- China -- Hong Kong
Hong Kong (China) -- Appropriations and expenditures
Hong Kong Polytechnic University -- Dissertations
Department: Dept. of Management
Pages: 1 v. (various pagings) : ill. (some col.) ; 30 cm
Language: English
InnoPac Record: http://library.polyu.edu.hk/record=b1256995
URI: http://theses.lib.polyu.edu.hk/handle/200/1634
Abstract: The publication of Public Sector Reform report in 1989 introduced a framework of reform programme to stimulate changes in financial and management practices with a view to improving efficiency, achieving better value for money. The initiatives of public Sector Reform in Hong Kong, in fact, are very much influenced by the New Public Management. Trading Fund concept is an institutional reform introduction in the report. The introduction of trading fund arrangement to certain government departments whose activities are of trading or quasi-commercial nature is to give those departments more financial flexibility, thus allowing them to achieve greater productivity and better quality of public services. Six trading funds have been established since the enactment of Trading Fund Ordinance in March 1993. Post Office Trading Fund was established in 1st August 1995. This paper attempts to: (a) analyze the environment of different market segments within which the Hong Kong Post Office is operating; (b) review the business performance after the establishment of trading fund; (c) examine the relationship, if any, between the performance of the Post Office Trading Fund; and (d) discuss issues and problems arising from trading fund operation. Several key measures are used to assess the performance of the Post Office Trading Fund. Evidence of contribution made by the trading fund arrangement is however inconclusive. Problems such as accountability and control as well as a series of management issues remain unsolved. While the case studies of Australia Post and Singapore Post may be used as benchmarks for the Hong Kong Post Office, other initiatives of, for example, developing a more proper accountability relationship between the General Manager of the trading fund, the Legislative and the Chinese Authorities, and perhaps developing some sort of incentive schemes may be attempted by the Post Office Trading Fund if it has to sustain its viability.

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