Li & Fung STRATEGY CASE- 3 HIMANI GUPTA ROLL No. 15 PGDM-IB 4/1/2011 (Q1) Explain briefly Li & Fung’s business model today. Comment on the sources of its competitive advantage. Is it sustainable? Why? Business Strategy Li & Fung uses the holistic supply chain management (SCM) strategy to benefit their clients by shortening order fulfillment from months to weeks which allows clients to reduce the amount of inventory they hold. In addition they remained as
Premium Supply chain management Supply chain
Li & Fung Established in 1906‚ Hong Kong–based Li & Fung is now one of the largest multinational trad-ing companies in the developing world‚ with annual sales of more than $7 billion in 2005‚ up from just $1.2 billion in 2000. The company‚ which is still run by the grandsons of the founder‚ Victor and William Fung‚ does not see itself as a traditional trading enterprise. Rather‚ it sees itself as an expert in supply chain management for its 500 or so customers. These customers are a diverse
Premium Supply chain Supply chain management Clothing
indicate a different way of doing things‚ or it might generate notable competitive advantage. Li & Fung is Hong Kong’s largest export trading company. The company has moved from acting as a middleman between retailers and manufacturers to playing a much more extensive role in the management of the whole value chain. They work closely with their customers in the design and specification of products. Li and Fung have a close involvement in the high value-added front-end and back-end activities in
Premium Software architecture Customer
Li Bai has had a long reputation of his calligraphy aesthetics. It was traditionally based upon the “word on the street‚” since majority of Li Bai’s life is based upon gossip‚ “Li Ba is one of the Chinese poets about whose life we know most; but must rather mean about whom there is the most gossip‚” but after countless of searches through books and extensive Internet search‚ a breach has appeared and behold‚ the only unique surviving calligraphy by Li Bai. It is not widely known‚ until now and housed
Premium Edgar Allan Poe Poetry Short story
Li & Fung is a one of the most successful trading company in Hong Kong. It creates value to its clients by providing total supply chain solution services from raw materials to finished products. The organic growth and acquiring industry rivals strategy have contributed to Li & Fung’s success in the past. The disruptive e-Commerce phenomenon forces Li & Fung to review its business strategy. With the combination of the new e-Commerce challenge and its core historical strengths‚ Li & Fung saw the
Premium Strategic management Management
Written Case #1 Li & Fung: Internet Issues Li & Fung is a Hong-Kong based import-export trading company that provides value-added services across the entire supply chain in a borderless manufacturing environment. The growth strategies for the company are a combination of an organic model‚ acquisitions‚ and use of E-Commerce technologies to extend the supply chain to new markets. Li & Fung hopes to offer its supply chain services to the small and medium-sized enterprise (SME) market by developing
Premium Supply chain management Electronic commerce Supply chain
creativity through the art of fishbones fragments. Since more than two decades ago‚ an artist from the province of Fujian‚ China‚ Hanbing Li produce stunning artwork from discarded fishbones. Hanbing Li inspiration from traditional Chinese calligraphy‚ the fifty one year old man was using a variety of fishbones to disclose various patterns and landscapes. Once Hanbing Li graduated‚ majoring in arts and crafts at a university in China in 1989‚ he began experimenting with a fishbones in his work. "Since
Premium Fish Fishing Food
Li and Fung’s Core Strengths One of the core strengths of Li and Fung was acquisitions as they saw it as a means to sustain growth momentum. Most of the time they tried to “fill in the mosaic” by acquiring competitors in areas where they lacked positioning‚ expertise or talent. They just did not acquired companies they made them integrated with the old ones to make When they acquire companies Li & Fung’s strategy is to integrate incoming staff and streamline operations seamlessly within 100
Premium Telephone The Core Old One
Bhati 1 Shaktisinh Bhati History CHW3M7-01 Mr. Stockdale October 9‚ 2012 The Medical Works of Li Shizhen How did the medical work of Li Shizhen aid in the dominance of the Chinese Empire over other nations in the world? The Chinese Empire was a dominant world force during the ruling of the Ming Dynasty. Advances were being made in many different areas which helped the Chinese Empire become a superior nation. One important area of advancement was medicine. The Chinese had used herbal medicine
Premium Ming Dynasty Pharmacology Tang Dynasty
important in Chinese history. One of the most famous Chinese poets was Li Bai. He lived nearly 2000 years ago‚ during the Tang dynasty. He grew up near Chengdu‚ in Sichuan Province‚ which is adjacent to Yunnan Province in the western part of China. Li Bai was influenced by Taoism which is one of the most influencing religions way back more than two millennia.(Robinet‚ 1997) It puts emphasis on the link between people and nature and much of Li Bai’s poetry portrayed nature and human interaction with it; this
Premium Tang Dynasty Poetry Sichuan