Li & Fung (A): Internet Issues What has been the historic strength and strategy of Li and Fung? 100 years of history Publicly traded family company Both William & Victor educated at HBS Victor earned Ph.D. & taught there for 4 years 1972 Returned to Hong Kong to modernize company management Hong Kong Based Trading Company – by 2000 69% sales USA 27% sales Europe Major retailers (the Limited‚ Gymboree‚ American Eagle‚ etc) Global sourcing network Holistic Supply Chain Management
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Introduction Li and Fung‚ a Chinese company founded in 1906 has been experiencing high growth rates due to a series of acquisitions and the offer of a wide range of services in the whole elements of the supply chain (from raw material till finished goods). Recently the question its managers have to deal is how to face the challenges posed by the internet‚ more specifically‚ its lifung.com (after was renamed studiodirect.com) internet site. This company was an extension of its brick and mortar operations
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How does Li & Fung make the supply chain more responsive? Li & Fung manages about 7500 suppliers in more than 26 countries but does not run any of the factories because that would be a humungous task to manage such a large workforce. But working with these factories the company takes anywhere from 30% to 70% of their production so that Li & Fung is their largest customer. Li & Fung is customer focused company where they focus an entire division on serving one customer or has a smaller
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Serpent Symbolism in the Hopi Culture The story of the snake dance starts with the Hopi hero named Tiyo. Tiyo had gone on a voyage and entered a room in the underworld where people were wearing snake skins. Tiyo was initiated and learned to pray to the rain. After being initiated‚ he receives two maidens who help the corn grow by singing. Tiyo brings the two maidens to the surface of the earth and the snake woman becomes his wife and the other becomes the bride of the flute youth. Shortly after
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Management BITS Pilani Department of Management BITS Pilani | Li Ning- Anything is possible | Case study analysis report | | | 1/24/2013 | | Submitted To: Dr. R. Raghunathan Department of Management BITS‚ Pilani Submitted To: Dr. R. Raghunathan Department of Management BITS‚ Pilani Submitted By: Name: MANJU ID: 2012H149239P Submitted By: Name: MANJU ID: 2012H149239P INTRODUCTION Li Ning established in 1990 was one of the leading sporting goods company
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Li Ning – Anything is possible Since its foundation in 1990‚ Li Ning‚ a leading sporting goods company in the China‚ has been experimenting a high speedy development that became company in the dominant domestic sport brand. Part of this success has been possible due to company’s strategy‚ which is based in extensive retailing‚ franchised stores‚ concessions and sponsorship to many sport teams. However‚ during the Asian financial crisis in 1997‚ company decided to reorganize its operations and
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The Dance Captain is a member of the company who maintains the artistic standards of all Choreography and/or musical staging in a production. The Dance Captain shall always work in tandem with the Stage Manager in conveying and maintaining the creative intentions of the production. The Dance Captain is a member of the company who maintains the artistic standards of all choreography and/or musical staging in a production. The Dance Captain shall always work in tandem with the Stage Manager in conveying
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AP Government September 7‚ 2012 Chapter 2 Summary Within the first pages of this chapter‚ we are introduced with the topic of the constitution and actions of Gregory Lee Johnson. The case of Gregory Lee Johnson is about that of him burning an American flag and protesting that when the government became involved‚ it was against his freedom of speech. This is where the constitution of the United States comes into play and supersedes the ordinary law. The question though‚ what exactly is a constitution
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When you have such a great passion for something‚ you know exactly what to say about it. That’s why I chose the poem called “Dance”. The author is Paul Hayward and he seems to have a passion for not only writing but dance. I really just get what he is saying; It just makes sense to me. This poem is just so meaningful in my eyes. The author just describes everything so thoroughly and everything has a purpose. The way he explains feelings is very similar to how my team and I feel before we perform
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Contracts – MacDougall 2010-2011 Sara Li FORMATION Offer & Acceptance Offer & Invitation to Treat Mere puffs Invitation to Treat Offer Mere puff: no reasonable person would take it as an offer Can the terms of the K (ie offer) only come from one party? * Battle of the forms - last shot/first blow? (Denning in Butler Machine Tool v Ex-Cell-O Corp) * Strict offer & acceptance is reaffirmed in Gibson v Manchester City Council [1979] - only extreme cases might not
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