Strategy Management
(Case study 1: Li& Fung)
SWOT Analysis
Strength Opportunity
Extensive network of suppliers (global reach supplier with SCM)
Provision of value added service (customer centric structure)
Entrepreneur corporate culture Low –end with hard goods
Emerging Market
Weakness Threaten
Over dependence on US Market
Vast supplier network makes it tough to maintain
Increasing expense from acquisiton Continuing global economy downturn
- Collapse of the American housing
- Credit market yield
Increasing cost
Question
1) In light of the American recession, what can Li & Fung do to continue expanding its business and reach its target of US$20 billion for the period 2008-2010?
In light
…show more content…
As the entrepreneurial mindset is one of the factors that led to so much of Li & Fung’s successful growth it should not be eliminated completely, but rather realigned. Rewards and incentives should be kept in place but with more emphasis on encouraging managers to collaborate with other businesses in their area, all under the umbrella of Li & Fung. This strategy would strengthen the business and positioning of Li & Fung businesses in various regions through cooperation, resource and strategy sharing.
Next, Li & Fung should focus on its information technology system. In our opinion, this information technology system has been the backbone of Li & Fung’s successful management of so many business units around the world. This information system is already established and would require very little investment in order to amp it up a little to accommodate the aforementioned collaboratively-focused management style. The information system could smoothly and easily facilitate greater interaction between business models not only in the same region, but also around the world. These business units should be connected through the information technology system which would facilitate greater communication and also more accurate monitoring, thereby encouraging greater efficiency and productivity. Coupled with the entrepreneurial nature of the business, managers could also be given incentive to
Dr. Neil intended for Lia to become healthier when taken away from her family because she could then live with a family who would follow her medical regimen. However, this proved to be not as effective as he thought. Lia’s seizures were a little more controlled because of her adequate medication levels, but soon after her seizures had become worse and caused developmental deficits. The Hmong community was upset about what had happened. They did not learn what Dr. Neil wanted them to. In their eyes they saw that the medications and the hospital made Lia even sicker. The Hmong’s now distrusted doctors even more. They Lees thought the doctors took her away because they were mad at them for not giving her enough medication. They did not
Case Study Assignment KL Worldwide Enterprises Inc.: Putting Information Technology to Work Submitted by Mark Lemoine September 14th, 2012
The best way for Ligua to handle different dialogues in classes is to express her feeling to her classmates about diversity issues in the work place. Ligua needs to be able to feel comfortable in her classes to be able to express her feelings. Some of guidelines she can follow to make sure that she communicate effectively different dialogues issues are it is okay to inform the group or a person that you pushing some of their hot buttons, be open and honest , respect each person’s right to be heard, realize that we are teachers and learners, be active participate, listen even when you do not want to , do not judge others, focus on the behavior rather than the person, and do not ask people to be spokespersons. Ligua or
Li & Fung is a long-standing Hong Kong based company that that has evolved from an export trading company to a coordinator of value-added services across the entire supply chain in a global, open manufacturing environment. They assess the clients’ product and delivery needs and orchestrate supply, manufacture and delivery in a very tailored and specialized way (Claremont Conversation Online, 2008). In the prevailing business environment, it has not been cost effective to trade with SMEs since production orders were below the factory minimums. Through the implementation of an internet portal, they have secured their position with the SME market while maintaining economies of scale.
For example, greater frequency of building different types of new business models was brought about by advanced technology and global marketing, and the new product or service which is based on these business model improve quality level of people’s life. Although the amount of money supplies was increased by business which are based on globalization and technology, the high stress of competition, secure problem from network, and high speed of producing product make business become extremely complex and add the extra expenditure.
In order to address this question, the executive team under the leadership of Lual Bul will devote the first few months in office on community assessment and realignment.
For the long-term objective, Lenox should reach out to different academic resources so that the top managers can be aware of how IT systems can bring value to their company, and holds great importance for future growth. Having the top executives understand the full benefits and functions of the IT systems will prove to be a substantial long-term solution. The overall lack of knowledge in regards to the new IT systems has resulted in the competitors surpassing Lenox. By having a more user-friendly system, the competitors were also able to catalog their products within their system before Lenox., National Life's implementation is ahead even though their rollout began months
There are some differences in symptom and presentation across cultures. Each culture has its own perspectives and values of the health care system. The understanding of symptoms and presentation within the culture may affect the diagnosis and treatment of a patient potentially in a fail way. For instance, Delusions and Hallucinations are symptoms of schizophrenia in general. However, some cultures seeing these symptoms as a sign of insane. As a result of theses different understanding of symptoms and presentation of other cultures, seeking treatment may absolutely be impossible. Speaking from Lia's case . Lia's parents had a completely different understanding of epilepsy than the American doctor had. Hmong culture sees epilepsy as a soul losing,
DUMBO, a catchy acronym for “down under the Manhattan bridge overpass”, references a neighborhood in the Brooklyn borough of New York. Stretching from the Manhattan bridge to the Brooklyn bridge, then further east to the Vinegar Hill region, originally DUMBO was known as Fulton Landing. During its industrial heyday, this area of New York was a port of call for ferries and steam boats. Immediately prior to the turn of the century, all of the buildings in the area were focused solely on industry, including cardboard and Brillo cleanser.
L.R. is a 5 year –old male in the kindergarten who currently attends North Elementary School. L.R. IS diagnosed with Depressive Disorder NOS with Bipolar features Attention Deficit Hyperactivity Disorder (ADHD) and is classified as a student with multiple disabilities. L. R. has a history of interrupting other’s while they are reading and be bossy towards his classmates and making upsetting comments towards them. Whenever this behavior are observe the teacher will remind L. R. that he should focus on his class work and not interrupt others. The teacher Ms. Young noticed that every time L. R. is put in small reading groups, that this behavior occurs. In fact, when Ms. Young call out a student name other than L. R. to
I wish to be considered for an assignment as the Lieutenant within the C.A.L.E.A. Unit, Planning Bureau, Administration Section, Administration Branch. The C.A.L.E.A. Unit has the fundamental responsibility of ensuring the Division's continued compliance with the accrediting agency. There are several important characteristics that must be employed in order to fulfill its mission. I believe my current role as the Division M.A.P.P.S Coordinator has provided me with a firm foundation to transition into the role of Lieutenant in the C.A.L.E.A. Unit.
Big business versus small business has been an issue since business started. Small businesses need to have a solid structure and a large backing of consumers to survive against big business. Josh Novak had a successful model for Glow-Foods and International Food Group (IFG) saw that. They were so impressed with his IT plan at Glow-Foods, they offered him a job at their IT office with a team to help their demographic. Josh was excited yet hesitant as he knew IFG was
Currently their information system (IS) is not fully centralized and this is causing a lot of problem in their expansion and cross-company
As a whole the book presents a wealth of business savvy, essential to businesses of any level, ranging from the novice entrepreneur to the experienced business executive. Within this book, which is part business primer, part psychology lesson, part biology
As much as entrepreneurial mindset is important for business success, it is also vital to understand the current level in each entrepreneurial community by identifying which factors are lacking that needs to be improved as a means to foster the success of entrepreneurs. The above statement relates with the fact that business success in the new economy is merely not a function of relevant skills; but requires people with entrepreneurial mindsets.