Carl Spetzler, Chairman, CEO of Strategic Decisions Group, has been interviewed by Hong Kong Economic Times in April 2016. The interview was about the importance of quality decision at all times and some creative alternatives for local retailers in face of a poor economy in Hong Kong.
Carl mentioned that it is important for corporates to make quality decisions in both good and bad times. In good times, corporates think about long term growth and development while in bad times, they tend to focus on short-term strategy for survival.
Regarding the drop of mainland tourists visiting Hong Kong, SDG suggested the retail industry to look for creative alternatives. Peter Hopper, Partner and Managing Director, SDG, who is in charge of the company’s Hong Kong operations, suggested retailers to attract consumers by enhancing their retail experience.
Carl also pointed out that Hong Kong can consider developing an industry apart from retail such as education and healthcare; education is a “clean industry which can draw investment and attract people to come and learn”.
With the growth in middle class in mainland China and their pursuit of quality live, Peter agreed it would be an opportunity for Hong Kong to develop education and healthcare and suggested retailers to “think out of the box”.