make one culture to make one strong country. Jiang Ji-li was among one of the many children during the Cultural Revolution. Jiang Ji-li’s story is a true story about how horrible the Cultural Revolution was to some higher-class people in China. 31 years later when she looked back on this horrible incident she realized that the people of Chairman Mao where brainwashed. To the people of China‚ Chairman Mao was basically like god. Jiang Ji-li promised not to regret any of the decisions she made during
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Abstract of Li-Fi Technology Whether you’re using wireless internet in a coffee shop‚ stealing it from the guy next door‚ or competing for bandwidth at a conference‚ you’ve probably gotten frustrated at the slow speeds you face when more than one device is tapped into the network. As more and more people and their many devices access wireless internet‚ clogged airwaves are going to make it increasingly difficult to latch onto a reliable signal. But radio waves are just one part of the spectrum that
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The goal of effective supply chain management is to "gain competitive advantage through optimizing flows within the enterprise". The Hong Kong listed company Li & Fung Ltd represents one of the world ’s best examples of achieving this goal. The company financial history clearly tells that story. Just last year‚ L&F saw profit attributable to shareholder increase by 23%. In fact‚ over the past 14 years‚ L&F has seen steady compound annual growth rate of 22%. Not bad performance for a small family
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Li and Fung: Growth for a Supply Chain Specialist Case Analysis Paper Global Strategy (GS 601) November 28th‚ 2012 Case Question: What would Li and Fung do to safeguard the growth of its business? How could it achieve its target turnover of US$20 billion between 2008 and 2010? ……………………………………………………………………………………………………… Executive Summary The case study for this paper is on a Hong Kong-Based Li and Fung Limited “Li and Fung”. This paper will try to answer the question of “What would Li
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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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1. What has been the historic strength and strategy for Li and Fung? Since Li and Fung was founded in 1906‚ the company has more than 100 years of history and it is the main historic strength of Li and Fung. It accumulated lots of information and experience‚ which other competitors couldn’t have owned without such a strong historic background. Li and Fung is a publicly traded family company. Speed‚ Solidarity‚ authenticity‚ trust‚ and control are the benefits to running a family business. For example
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Li Po and Tu Fu are extremely great poet’s. A critic has said that “Li Po’s poetry appears to posses a life or vitality of it’s own‚ and so well is it’s art concealed that gives the impression of being quite artless and unpremeditated. Tu Fu’s poetry on the other hand is above all serious in purpose and full of deep meaning.” I have to agree with the critic because when I read Li Po’s poetry I get a felling that he just lets everything out of his head onto his paper. Tu Fu’s poetry seems a lot more
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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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decided to open a restaurant where customer would decide how much to pay for their meals and extra donations would fund another customer’s meal who normally could not afford. He opened Lentil as Anything nine years ago‚ which are now a chain of vegetarian restaurants across Melbourne. Lentil as Anything or Lentil for short‚ also believes in assisting their employees by sponsoring some of them get their Australian visa‚ and management have extended this culture by hiring people who are struggling
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How does Li & Fung create value for its customers and suppliers Value for customers: low cost‚ high quality‚ fast delivery time‚ and customized services; and these are achieved by a. Knowledge‚ experience‚ and network of connections with around thousands of suppliers and because of the knowledge network‚ the company knows who is good at producing what at the lowest cost level and delivery time b. Organizing around customer-oriented divisions‚ combining the competitive advantages of different countries-
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