Li Ka Shing
A Case Analysis on An Entrepreneur’s Global Strategy
Introduction
Li Ka-Shing is the Chairman of Hutchison Whampoa Limited (HWL) and Cheung Kong Holdings in Hong Kong. He was able to put up different business in electricity, telecommunications, real estate, retail, shipping and the Internet through sheer hard work, intuition and an eye for innovation.
He is not only known for his success in business but also as a philanthropist. Li has donated to several charitable and educational institutions and has also put up his own foundation to help the needy.
Li was named "Asia 's Most Powerful Man" by Asiaweek in 2000. In 2006, Forbes ranked him as 10th richest man in the world and also honored him with the first ever "Malcolm S. Forbes Lifetime Achievement Award." Moreover, Li is referred to as ‘Superman’ in Hong Kong newspapers. His rags-to-riches story and integrity in dealing with people has inspired and gained him the respect of many.
Li Ka Shing has two sons namely Victor Li and Richard Li, who have followed his footsteps as an entrepreneur / businessman.
Victor Li
• Western educated
• Works for his father
• Started with small projects and eventually became deputy chairman of Cheung Kong Infrastructure Holdings Limited
• Shows some signs of similarity in character with Li Ka-Shing
• Seen as savior for Air Canada which was facing bankruptcy
• Gained a reputation as a solid manager with an eye for detail (Asia Inc., May 2004).
Richard Li
• Western educated
• Borrowed money from his father to put up his own business
• Head of Pacific Century Cyber Works, the largest telecom company in Hong Kong.
• Received criticism over PCCW acquisition where deal was not very transparent
Statement of the Problem
How should Victor Li and Richard Li carry themselves in business so as to become as successful and respected as their father?
Objectives
1. To help Victor and Richard Li gain good values and character which would influence the success
Introduction
Li Ka-Shing is the Chairman of Hutchison Whampoa Limited (HWL) and Cheung Kong Holdings in Hong Kong. He was able to put up different business in electricity, telecommunications, real estate, retail, shipping and the Internet through sheer hard work, intuition and an eye for innovation.
He is not only known for his success in business but also as a philanthropist. Li has donated to several charitable and educational institutions and has also put up his own foundation to help the needy.
Li was named "Asia 's Most Powerful Man" by Asiaweek in 2000. In 2006, Forbes ranked him as 10th richest man in the world and also honored him with the first ever "Malcolm S. Forbes Lifetime Achievement Award." Moreover, Li is referred to as ‘Superman’ in Hong Kong newspapers. His rags-to-riches story and integrity in dealing with people has inspired and gained him the respect of many.
Li Ka Shing has two sons namely Victor Li and Richard Li, who have followed his footsteps as an entrepreneur / businessman.
Victor Li
• Western educated
• Works for his father
• Started with small projects and eventually became deputy chairman of Cheung Kong Infrastructure Holdings Limited
• Shows some signs of similarity in character with Li Ka-Shing
• Seen as savior for Air Canada which was facing bankruptcy
• Gained a reputation as a solid manager with an eye for detail (Asia Inc., May 2004).
Richard Li
• Western educated
• Borrowed money from his father to put up his own business
• Head of Pacific Century Cyber Works, the largest telecom company in Hong Kong.
• Received criticism over PCCW acquisition where deal was not very transparent
Statement of the Problem
How should Victor Li and Richard Li carry themselves in business so as to become as successful and respected as their father?
Objectives
1. To help Victor and Richard Li gain good values and character which would influence the success
References: Mills, Quinn D. 2005. Asian and American Leadership Styles: How Are They Unique? Retrieved from the Web on Dec 2, 2006. http://hbswk.hbs.edu/item/4869.html Mu, Li Feng. 2005. A Successful Leader – Li Ka-Shing. Retrieved from the Web on Dec 7, 2006. http://dalian.runsky.com/homepage/dl/spec/2004/usa4/guo/userobject1ai551511.html Wikipedia staff. 2006. Li Ka-Shing. Retrieved from the web on Dec 2, 2006. http://en.wikipedia.org/wiki/Li_Ka_Shing Woopidoo staff. 2006. Li Ka-Shing Biographies. Retrieved from the web on Dec 2, 2006. http://www.woopidoo.com/biography/li-ka-shing/index.htm Editorial Team, China International Business. 2006. China Entrepreneur Meeting Li Ka-Shing. Retrieved from the web on Dec 2, 2006. http://www.cib-online.cn/en/cib/2006_07/press-review Borton, James. 2001. 2 Hong Kong Foundations Turn to Technology to Help China Teach Its Teachers. Retrieved from the web on Dec 2, 2006. http://chronicle.com/free/2001/11/2001111301u.htm Vines, Stephen. 2004. Business Leaders: Li Ka-Shing. Retrieved from the web on Dec 2, 2006. http://www.time.com/time/asia/2006/heroes/bl_li.html Kondek, Deborah. 2006. Victor Li –1964. Retrieved from the web on Dec 7, 2006. http://www.referenceforbusiness.com/biography/F-L/Li-Victor-1964.html