Li & Fung Core Strategies Essay

Li and Fungs Core StrengthsOne of the core strengths of Li and Fung was acquisitions as they saw it as a means to sustain reaping momentum. Most of the time they tried to fill in the mosaic by acquiring competitors in areas where they lacked positioning, expertise or talent. They just did not acquired companies they do them integrated with the old ones to make When they acquire companies Li & Fungs system is to integrate incoming staff and streamline operations seamlessly within degree Celsius days.Li & Fung works to a Three Year Plan that addresses strategies crosswise the board and in recent years has set and met the goal of double its size with each plan.Li & Fung has achieved its milestones a lot faster, while memory costs down by investing in new engineering and software solutions. The company has set up the groundwork for web conferencing mingled with all of its offices. The company has correctd IT softwares, particularly those relative to infrastructure that will offer improved collaboration, such as VOIP phones, WebEx, SharePoint for internal and client collaboration, videoconferencing and EDI. This has allowed them to cut costs and increase productivity. Also Li & Fung centralized back-office systems contributed to improve the efficiency of acquisition.Li & Fungs as a middleman provided a wide array of services that spanned the whole supply chain. In addition, they supplied two hard goods and soft goods from suppliers to different countries and territories. Acted as the middlemen, the company could reduce twin(a) and credit risks.How do these core strengths make Li and Fung an attractive election for its customer?How do Li and Fung make the supply chain to a greater extent responsive (i.e., fast and flexible?Do you think that other companies apprize replicate Li & Fungs businessmodel? Why or why not? Be brief.