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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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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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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Universidad Rafael Landívar Facultad de Ingeniería Seminario de Administración Industrial Sección 1 Grupo 2 Caso # 2 “Li & Fung‚ Internet Issues” Freddy Reyes 12191-03 Carlos García 11013-05 Wendy Meneses 11129-05 Carlos Lima 11881-05 Rodrigo Castellanos 12006-00 Juan Carlos Soto 10999-05 Guatemala‚ 27 de septiembre de 2009 5. Propuestas de Solución “Desarrollo de un nuevo portal B2B que permitiera liderar a la industria en Tecnología y modernizar a la
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CHAPTER 1 INTRODUCTION The doctrine of lis pendens1contained in Section 52 of the Transfer of Property Act‚ 1882 (hereinafter “TPA”) and expressed by the maxim ut lite pendente nihil innoveturem bodies the principle of law that “…pending a litigation nothing new should be introduced‚ and provides that pendente lite2‚ neither party to the litigation‚ in which any right to immovable property is in question‚ can alienate or otherwise deal with such property so as to affect his opponent.”3 The basis
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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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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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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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