3i Group plc and Little Sheep*
Lily Fang
Roger Leeds
insead
School of Advanced International Studies, Johns Hopkins University
“Many people grow a company like raising a pig. The pig gets fat, you kill it and make money. I grow my company like raising a son. The average life of a restaurant is less than three years in China. I want Little Sheep to last a century.”
– Zhang Gang, Founder, Little Sheep Catering Chain Co.
“Helping a great business to realize its potential takes a lot more than just capital. It is ultimately about the people, thus your relationship with the management team and the sort of support you can provide, such as introductions to key industry expertise and relevant operational best practice, is very
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The firm opened its first Asia office in Singapore in 1997, followed by a second office in Hong Kong four years later, and offices in Shanghai, Mumbai and Beijing subsequently. During fiscal year 2006, 16% of the group’s new investments were in Asia. Alongside the geographic shift, 3i’s investment strategy has also evolved, with an emphasis on making fewer, larger, and more sector‑focused investments. In Asia, the group’s average investment size has been about $40‑50 million, and sectors in focus included consumer‑related goods and services, healthcare, and energy.
These changes in investment strategy were consistent with a decision to become more actively involved in its portfolio companies, returning to the firm’s original modus operandi as an “investor in industry”. To better serve its portfolio companies, 3i developed two unique programmes:
People Programmes and Business Development Practice.
People Programmes is a highly sophisticated approach to cultivating relationships internationally with seasoned
* The authors express their appreciation for the research and editing support provided by Brian DeLacey.
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he perceived funding gap – the “Macmillan gap” – was scrutinized back in 1929 in a report by a committee under the chairmanship of Lord
Macmillan. The founding of ICFC, predecessor of 3i, was closely linked to one suggestion in the Macmillan Report.
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i’s growth capital and venture capital investments are
The “wolves, sheep, and sheepdog” analogy in the American Sniper scene is a good expression of the warrior ethos because it closely resembles the youth warrior archetype and contains a few principles of the Just War Doctrine as well as gives an implication on what a warrior might value and protect when he finds himself in any kind of conflict in his life. However, the warrior ethos can also differ throughout different cultures in the world, so whether or not this analogy is a good expression entirely depends on each individual and how they would perceive the warrior ethos.
The Eye of the Sheep, written by Sophie Laguna is a strong example of how memorable texts can both disturb the reader as well as instil hope. The novel follows the story of the narrator Jimmy Flick, a young, unusual boy and his family. Laguna’s writing style and use of language throughout the text enables the reader to feel the pain and distress in Jimmy’s family without ever losing hope that things will work out. One of the ways in which she does this is through the use of Jimmy’s voice, as it allows the reader to feel the positive energy bubbling inside of Jimmy, while still witnessing the problems that Jimmy’s family have to deal with, such as his father’s drinking habits. Another way is the manner in which the characters are constructed. All the members of Jimmy’s family have multiple facets to them. They are all complex characters that have both light and darkness within them. Through these cleverly constructed characters, Laguna how even good people can do disturbing things. While reading the Eye of the Sheep, there have been multiple different perspectives that have enriched my own interpretation of this text, that again show different facets to the story.
“It is now very clear to us that you cannot run a business half-heartedly. Clear, good decisions cannot be made at the last minute; time and energy must be put into every decision in order to do well in the business world.”
Thesis Statement: The most successful companies are those that are operated by leaders who invest in and grow their employees.
1. Highly Skilled Managers The operation of the company will run smoothly. The performance of the company will improve and would lead the company to be successful.
By using my interpersonal skills and communication, firstly I will need to build bridges with staff and partner agencies and form relationships. This then will give me the opportunity for supervisors and staff to build trust and confidence in me as a manager as well as me building confidence and trust in my supervisors and team. It will give me the opportunity to have one to one and team meetings for me to share my ideas and plan ahead to achieve the requirement performance to meet our targets. This will give staff the opportunity to discuss strategies and operational plans and how they will be implemented. It also gives my supervisors and staff the
Major growth of Sheep Camp rose in the early months of 1898. Forty log buildings were erected and a post office was operating by early April. Tents and buildings stretched across the narrow valley in April of 1898 and the town’s length extended from one to two miles (Norris 1986). A newspaper reported that Sheep Camp had two drug stores, a hospital, fifteen hotels and restaurants, coffee stands, two laundries, a bath house, numerous saloons, and lodging houses too numerous to mention (Norris 1986). The majority of people coming into Sheep Camp did so by dragging sleds, hauling packs, or leading pack animals. A rough winter road also reached the camp allowing a small number of people to arrive by wagon. During a brief period in time, a well
Being the figurative Black Sheep is a challenge for sure. Being the first to show a real interest in music. The first first to explore singing as a man. The first to be bold enough to explore a job in voice acting. Hopefully the first in many. The Gutierrez legacy. Living on strong and unstoppable. I honestly enjoy being the only ob of my kind. Mom works for the state, Dad is a grease monkey. My half sibling both work in retail. And then there's me, head full of clouds and dreams. Quite immature, don't you think?
Why is everyone in the Twin Cities area flocking to Black Sheep Coal Fired Pizza? That’s probably because Black Sheep is the first pizzeria in Minnesota to revive the long lost craft of baking American pies in a super-hot, coal-fired oven. Black Sheep uses clean-burning, nearly emission-free anthracite coal to create searing, desert-dry, pizza oven temperatures that top out around 900ºF. The 12-inch and 16-inch pies that are scooped out of the glowing embers of Black Sheep’s massive coal oven are truly one-of-a-kind, each with a distinctively different, crispy crust that is chewy yet firm. Thanks to this unique cooking method and the restaurant’s passion for using only fresh, high-quality ingredients, it’s easy to see why Black Sheep was named
Mr. President, when I started this company I had no experience in this space. I am very proud my accomplishments the business is growing, however, it could grow even more if I had access to resources.
For as long as I can remember, I have been showing sheep. My mom likes to tell the story of when I was little and we lived in Texas, we were showing sheep at the Houston Stock Show and Rodeo for Texas A&M and one of the ewes had a baby. We were not expecting it at all. Well when it was time for the ewe to go in the show ring I took the lamb in and pretended I was my dad, showing this little lamb right next to her mother. That is one of the first memories I have. Since then I have become very active in 4-H and FFA. Even though some people think that 4-H and FFA are evil organizations that are desensitizing kids to death, I have had the most incredible experiences and learned some of life's most important lessons because I was given the opportunity to be a part of
* Building a corporate infrastructure, a strong global management team that possesses skills, vision and culture conducive to meeting the organizations goals.
In Northern Nevada sheepherders would follow their flock of 1000 to 2000 sheep to an area where there would be appropriate amount of water and grass and a large amount of shade during the summer keeping the herd together and moving to fresh feed every day. depending on the type of operation a sheep to lower-altitude grazing lands in the autumn, spring, and even winter months. One herder (usually on horseback ) and a good dog could manage a herd of sheep this size and most days there was time to spare for sleeping or daydreaming or reading or making music or carving on aspens but a herder was always on call to respond to predators or sheep in trouble most sheepherders in Nevada until early 1980s were Basques.
I agree with you that I also wonder less of demand for wool is the reason for the decline of sheep and lamb numbers. As we know, the wool is more popular for the clothing industries today, why the demand for the wool could be less. In addition, I am interested in the breed you found. But for the weakness, I think all kind of breed should have its weakness, such as the cost of feeding and output.
2. Set up a quality team that includes union and management members of the company