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
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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
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Li & Fung is a Hong-Kong based company that provides value-added services across the entire supply chain. Li & Fung has been operating for about a century. It was founded in Guangzhou‚ china‚ in 1906 by Fung Pak-Liu and Li To-Ming. Li & Fung was a family owned business until the 1970s where it transformed into a public company that is professionally managed. The Li & Fung Group is an international group specializing in exports sourcing‚ distribution‚ and retailing. In August 2000 Li & Fung invested
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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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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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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 & 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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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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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 empresa para afrontar mejor retos futuros.” 5.3. Evaluación de Alternativas Incursionar en Internet con un Portal_
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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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