Confucian Values and Japan’s Industrialization Many factors helped aid in the dynamic growth that occurred in Japan and the four little dragons during the post-World War 2 period. Some of these factors were situational factors unique to the time but some of the factors were cultural. The legacy of Confucianism in Japan and the four little dragons helped to further the goals of industrialization that these nations had. The traditions of Confucianism provided for Japan and the four little
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ab UBS Investment Research Key Call: Li & Fung The US$2.8b question How much additional funding does L&F need? Management repeatedly highlighted that L&F will make more acquisitions if organic growth remains weak. We conduct an analysis to assess additional M&A funding required in order to make consensus EBIT estimate for 2013 (US$914m). If organic earnings growth reaches 30% YoY (which could be a stretch goal) in 2013‚ the company will need US$2.8b for more acquisitions that generate 4.8% EBIT
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Jonathon Brown Professor Jun Philosophy 2033 July 5‚ 2013 Virtues We’ve all heard the famous quote “patience is a virtue”. As true as this statement is‚ I don’t think we really grasp the meaning of what a virtue really is. I would describe a virtue as a morally good character trait that one is not born with‚ but must strive for. Patience is a perfect example of this. No child is born with patience. Many times a child will interrupt the mother who is in the middle of a conversation because
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(Andrea pg. 84). Known as the "Hundred Schools of Thought" the Zhou Period was also an intellectual time. Three of the philosophies spoken in this chapter had there own thoughts of an ideal government and state were the Daoist‚ the Confucian‚ and the Legalist. The Confucian ideal government was promoted on harmony‚ moral effort and justice also known as the "Moral Way." The Master stated: " If you preside over them with dignity‚ they will be reverent: if you are filial (relating) and loving‚ they will
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The Word: Shu One word could garner every stroke of brilliance‚ every riddle composed and every thought that circled within the most influential sage‚ Confucius. The word “Shu: never impose on others what you would not choose for yourself‚” expresses one rule that any individual could follow and practice (176). It encompasses areas of one’s life like intellect‚ relationships and behavior‚ but more importantly it begins to describe the concept of virtue and we can obtain it. In view with Confucius
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Intermediaries such as Li & Fung need to be paid. Why‚ after paying Li & Fung a fee‚ buyers and suppliers still find it valuable to deal through an intermediary? In other words‚ why don’t they trade directly? Li & Fung provides an interface between multiple buyers and suppliers by linking larger retailers in the developed world to a network of suppliers and factories throughout Asia. Buyers still find it valuable to deal through an intermediary because the experience and connection of Li & Fung in Asia
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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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The Five Knightly Virtues of Sir Gawain “Sir Gawain and The Green Knight” is the most known 14th century poem that depicts the Arthurian legend. It has been translated from a Middle English dialect by Simon Armitage; unfortunately‚ very little is known about the original author. Sir Gawain is the protagonist as he is the major source of conflict when he struggles to decide whether his “knightly virtues” are more important than his own life. The ideals of Christian morality and knightly qualities
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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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