Li & Fung is a Hong-Kong based company that provides value-added services across the entire supply chain. Li & Fung has been operating for about a century. It was founded in Guangzhou‚ china‚ in 1906 by Fung Pak-Liu and Li To-Ming. Li & Fung was a family owned business until the 1970s where it transformed into a public company that is professionally managed. The Li & Fung Group is an international group specializing in exports sourcing‚ distribution‚ and retailing. In August 2000 Li & Fung invested
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Marketing Plan: Li Ning to be the number one in China sportswear market 1.0 Executive Summary The primary objective is to increase Li Ning¡¦s overall market share from the current 17% to 20% in 3 years time and defend its first place in China sportswear market against strong competition. To achieve this goal‚ Li Ning has to improve the customers brand perception‚ rationalize market segments and invest in Mega cities and first tier cities. 2.0 Situation Analysis As the dominant local brand
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Virtue ethics can be described as a hybrid theory‚ which encompasses both teleological and deontological elements. This theory tells us that instead of looking a the action itself and whether it is right or wrong‚ or looking at the consequences a action a bring. Instead we should focus on our character‚ and develop the cardinal virtues in order to achieve ultimate happiness and become truly virtuous. Virtue ethics was first devised from the times of Ancient Greece by Aristotle‚ however has been adapted
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Wei Li‚ then an 18-year-old law student at University of Adelaide‚ murdered his mother‚ Emma Mae Tien‚ in the family’s Burnside home in 2011. Beaten with a metal pole and strangled‚ she was found on their living-room floor‚ wrapped in blood-soaked bedsheets. Li fled to China after the incident. He stayed undiscovered by authorities until 2014‚ working as a teacher under a fake ID and CV‚ but was deported back to Australia due to an expired visa‚ where he was required to face the murder of his mother
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riony [pic] Li & Fung : Case Study Analysis Executive summary Aim This report aims to examine the Li & Fung business model and illustrate the challenges faced by the trading industry in the global market place. Factors Conclusions It is concluded that: Recommendations It is recommended that Li & Fung : Situation Analysis • Li&Fung achieves operating margins consistently around or above 3% and has become the largest trading company in Hong Kong. • In 1997 the
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Jia Li tried to fill her head with the old farm song‚ but her thoughts were drowned out by the two arguing sisters. Their words flew at each other in a pitch as shrill as a peacock’s cry. Ping and Jiao would be empresses one day -- though anyone who witnessed this ill-mannered tirade might consider them less refined than the lowliest peasant. Still‚ the sisters belonged to the Qing‚ China’s ruling dynasty‚ and at the moment‚ Jia Li’s fate was in their hands. “I am the eldest‚” shouted
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Market Environment for Li Ning •Li Ning is operating in local market‚ competing with International brands (viz. Adidas‚Nike) •More than 50% of active Chinese sport population is from Tier 2 & 3 cities •Market is poised for exponential growth in next 2 years (owing to Beijing Olympic 2008) •The household income for 70% of families of active sports teenagers (14-24 yrs) is less than RMB 4000. Li Ning is mainly operating in this segment. •60% of Active sports population is students : 45% University
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Quiz #2 • The Five Philosophies o Confucianism Founded by Kung Fu Tzu (Confucius) Emphasized the Analects Created a type of social philosophy Believed everyone was essentially the same but learning and practice distinguished them Referred back to a Golden Age he hoped to recapture Advocated development of Five Inner Virtues especially li – moral propriety and ren - humanity -- “tao” All society is built on the idea of filial (family) piety -- “xiao” Superior men – “Chun-
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‘The Moral Landscape’ – Sam Harris‚ published in 2010 Albanian’s have a tradition where if a man commits a murder the victim’s family can kill any one of his male relatives in reprisal. If a boy is born into a family where his brother/son was a murderer he has to go into hiding; leaving proper education & adequate health care. Can we argue that Albanians are ‘morally wrong to have structured their society in this way?’ and ‘are their values are inferior to our own?’ Can we argue whether or not
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This paper will answer the case discussion questions on Li & Fung. Summarize the strategic and operational challenges facing global managers illustrated in the selected text. At one time many of LI & Fung’s customers performed their own logistics and purchasing functions in-house. Now they outsource those functions to Li & Fung because they are experts in the supply chain management for its 350 or so customers‚ providing the convenience of one-stop shopping for raw material sourcing‚ production
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