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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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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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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Management BITS Pilani Department of Management BITS Pilani | Li Ning- Anything is possible | Case study analysis report | | | 1/24/2013 | | Submitted To: Dr. R. Raghunathan Department of Management BITS‚ Pilani Submitted To: Dr. R. Raghunathan Department of Management BITS‚ Pilani Submitted By: Name: MANJU ID: 2012H149239P Submitted By: Name: MANJU ID: 2012H149239P INTRODUCTION Li Ning established in 1990 was one of the leading sporting goods company
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Li Ning – Anything is possible Since its foundation in 1990‚ Li Ning‚ a leading sporting goods company in the China‚ has been experimenting a high speedy development that became company in the dominant domestic sport brand. Part of this success has been possible due to company’s strategy‚ which is based in extensive retailing‚ franchised stores‚ concessions and sponsorship to many sport teams. However‚ during the Asian financial crisis in 1997‚ company decided to reorganize its operations and
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Summary of “Why Crush Them?” by Lawrence Lessig As the technological age has approached and developed the definition of creativity has broadly expanded. The editing and reordering of a song or movie is the art of which we call remixing. Lawrence Lessig recognizes remixing as an accessible‚ forbidden art in his essay “Why Crush Them?” Unfortunately laws‚ such as copyright laws‚ infringe on the creators thought and ability to publicly make their name with this form of art. Remixing‚ as an art
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EPCC Descriptive/Profile Essay Descriptive and profile essays provide vivid details regarding a person‚ place‚ thing or activity. The goal is to provide a detailed description for the reader and to allow the reader to visualize what is being described. Some profiles in particular take the reader behind the scenes of familiar places‚ giving a glimpse of their inner workings. In some cases‚ they introduce an audience to exotic people
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The idiom‚ “Comparing apples and oranges” has been implemented for a prolonged amount of time in order to convey a vast difference between two things. When the phrase is used it provokes the thought that the items are incomparable and as a result‚ ridiculous to compare. As an idiom it’s meaning is immediately apparent‚ but when carefully examined as a statement rather than a metaphor‚ there are similarities‚ along with differences between apples and oranges that can easily be seen as comparable
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Billy - Oh definetly. Jennifer - I wore all my own clothes in "The Crush" so that was how I really dressed. I thought Alicia threw good shade. Isn’t she in like most of her scenes she is like shaddy‚ she gives the shaddy eye like mmmmhmmm‚ I thought she threw good shade. Billy - I totally agree‚ she did a fun job at giving that shaddy look. It must of been a blast being a part of that film. Was "The Crush" filmed in Seattle‚ and what was your favorite memory of working on this film? Jennifer - It
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