StudentShare solutions
Triangle menu

Management & Leadership at Li & Fung Ltd - Essay Example

Nobody downloaded yet

Extract of sample
Management & Leadership at Li & Fung Ltd

Williams. The interview took place on the Talking to CEOs Show (when). Firstly, the necessity for chief executive officers will be outlined. Secondly, background information of
Li & Fung Ltd. will be presented, as well as a short biography of Mr. William Fung. Next, concepts of leadership for a CEO shall be reviewed. Finally, a brief review of myths surrounding success will be provided.
An executive manager functions to create and maintain the internal environment of an organization, so as to enhance the motivation of employees for consistent performance (Today's Manager 2005). Importantly, a CEO's job requirement is to plan, organize, direct and control organizational resources that may be in the form of jobs, materials, facilities, information or money. These four functions are interrelated, interdependent and goal-orientated (Today's Manager 2005). It is truly a dynamic position, as the CEO is expected to anticipate and adapt to a variety of challenges and changes. A CEO uses a plan to develop a strategy to systematically achieve organizational goals, and to prepare for future challenges. Organization is required to gather resources needed for the plan, and so the CEO must develop internal structure (policy), build relationships (network) and allocate resources appropriately. A CEO directs, leads or guides employees within the organization to maintain focus on goals.
Finally, a CEO uses control when they evalua...
Li & Fung Group (est. 1937) is a large multinational trading group based in Hong Kong that incorporates Li & Fung Ltd. (trade), IDS Group (commodity distribution and logistics), as well as Li & Fung Retailing (retail), as illustrated in Figure 1. The scope of this paper necessitates a focus only on Li & Fung Ltd.






Figure 1. A flowchart of the Li & Fung Group.

In particular, Li & Fung Ltd. networks with over 30 countries, employees more than 13,000 people globally, and has an annual turnover of more than US$50 billion (who date). The organization, a family business trading since 1906, provides trade to retailers in the USA and Europe, by sourcing high-volume, time-sensitive consumer goods, primarily from Asia. Li & Fung Ltd. Also provide comprehensive logistical services, and as such the company has an extensive network of suppliers in China. The focus of Li & Fung Ltd. are soft goods (mainly clothing), but the company also sources hard goods such as handicrafts, home furnishings, shoes, sporting goods, and toys. Cargo destined for North America accounts for a majority of the company's sales (who date).
Li & Fung Ltd. own "Toys 'R' Us" rights to operate in Hong Kong, Taiwan, and Southeast Asia.
Toys "R" Us is currently the largest toy shop in Asia (who date).
The Chairman at Li & Fung Ltd. is Victor Fung. His brother, Dr William Fung, is the Managing Director. Between them both they own 76% of the family company that has been operating since 1906.

A Biography of Dr. William Fung (MD)
Dr. William Fung has been a Group Managing Director of Li & Fung Ltd. since 1986. He graduated from Princeton University with a Bachelor of Science degree in Engineering, and also holds an MBA degree from the Harvard Graduate School of Business. He ...Show more

Summary

Society is changing rapidly due to advances in technology and economics. So too are decision making criteria changing of who is best to be the CEO of a company (Rickards & Delhougne nd). Experience at being a CEO with other companies remains the number one factor in choosing a CEO (Weisman, 2005)…
Author : nwolff
Management & Leadership at Li & Fung Ltd essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Management & Leadership at Li & Fung Ltd"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Domhus UK Ltd. Quality and Environmental Management Systems Report
Management System Standards are employed by companies to administer and handle various facets of services as well as organizational activities. According to ISO, which is a widely accepted global body of standardization, a management system standard endows a business with a benchmark to follow in implementing and controlling the management system.
10 pages (2500 words) Essay
GRP Systems Ltd. (GSL) - Supply Chain Management
Strategic planning of its operations to effectively improve its supply chain by integrating its stakeholders including its suppliers, customers and investors can be beneficial for the company in leverage its existing resources and potential to adapt the changing market conditions.
7 pages (1750 words) Essay
Human Resource Management suggestions for Losalot Ltd
Good HRM practices are instrumental in helping achieve departmental objectives and enhance productivity. In the larger interest of a company it is imperative that employees are taught the nuance of the trade. Personnel with positive attitudes and can lend themselves to the causes are what organizations look for.
34 pages (8500 words) Essay
Strategic Management The Eden Project Ltd
It is operated on a daily bases by the Eden Project Limited - EPL, a company fully owned by the Eden Trust. Today Eden represents an international visitor destination, and a local educational facility. The Eden Project promotes public education and research in flora, fauna and other aspects of the natural environment.
16 pages (4000 words) Essay
Management & Leadership
On the other hand, not all managers are good leaders. The main functions of managers include planning, organizing, directing, coordination and control. The role of the managers is to coordinate and execute the productive functions by engaging in certain basic managerial functions.
2 pages (500 words) Essay
Brand management the case of Verticon Ltd
In modern markets, the survival of firms operating in all industrial sectors has become a challenging task. In this context, firms have to restructure their strategies in order to meet the demands of the consumers and the needs of their market.
10 pages (2500 words) Essay
Result Exam
arious success factors are identified in addition to government support such as leadership and management skills, organizational culture and technology. After considering the three approaches to research methodology, it is decided that a mixed-method would be suitable because
9 pages (2250 words) Essay
Leadership, Management
This view states that leadership skills cannot be acquired by practice, training or studies. In fact the natural traits of a human being make them effective leaders. This is similar to artists. No one can make or train artist. Although
4 pages (1000 words) Essay
Management and leadership
For example John L. Shetrone the CEO and President of Vision Technologies has played a major role in the success of the company. He plays an active role in the business activities
2 pages (500 words) Essay
Li & Fung LTD
It focuses on giving more opportunities to job seekers and increase the number of its employees for reliable services. It has listed 15 job openings for the Greensboro office posted on
1 pages (250 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment