201502MBA104- People, Strategy & Leadership in Organizations Analysis of a Case Report by Júlio Alexandre Dias Neves / VH-75-NK
LI KA-SHING AND THE GROWTH OF CHEUNG KONG
The present case study reports the history of the life of one of the most influential persons of Hong Kong: Li Ka-Shing. The current billionaire constructed by pulse an empire, beginning at a sales position in a small company when young and working, spreading and creating an empire in a lot of different sectors in the Hong Kong market and also with recognized world companies. His life had also an important role in the history and development of Hong Kong mainly with the British and with a political intervention allowing a swift transition to China.
2. Description and analysis of the article:
Being the eldest brother of 6 and beginning his life in a troubled war zone was not easy for the magnate. After his father passed away when he was 15 (1943), Li focused in working from a low position and studying intensely to grow and support part of his family. Not many years after, with his hard working spirit and his capability to learn and to build networks, he ascended and formed his own company that after would constitute in 1950, the center of his empire: Cheung Kong Inc. His vision made him take advantage of a growing market, the plastic flower, powered in a rapid industrialization period of Hong Kong motivated also by the difficult position of China with international sanctions, during the 1950s, allowing him to increase his market to China and growth. His fortune however came also in great part by the real estate acquisition of land from Hong Kong and buildings erected and sold. By the 1960s, Mao was in power and with his communist vision, started the Cultural Revolution that made it difficult from businesses to grow. In the 1970s, Li with the connection and help of the HSBC chairman and support, started to have more visibility and opportunities which led to the...
Please join StudyMode to read the full document