Li & Fung Core Strategies Essay

Li and Fungs Core StrengthsOne of the philia strengths of Li and Fung was acquisitions as they saw it as a means to nurse growth momentum. Most of the time they tried to fill in the arial mosaic by acquiring competitors in areas where they lacked positioning, expertise or talent. They just did not acquired companies they made them integrated with the old ones to make When they acquire companies Li & angstrom Fungs strategy is to integrate incoming staff and streamline trading operations seamlessly within 100 days.Li & amp Fung works to a cardinal Year Plan that addresses strategies across the board and in recent eld has put down and met the goal of doubling its size with each plan.Li & Fung has achieved its milestones a lot faster, while keeping costs down by investing in new technology and software solutions. The company has set up the infrastructure for web conferencing between all of its offices. The company has amend IT softwares, particularly those relative to infrast ructure that will offer alter collaboration, such as VOIP phones, WebEx, SharePoint for internal and client collaboration, videoconferencing and EDI. This has allowed them to cut costs and ontogeny productivity. Also Li & Fung centralized back-office systems contributed to improve the efficiency of acquisition.Li & Fungs as a middleman provided a childlike array of services that spanned the whole supply chain. In addition, they supplied both grievous goods and soft goods from suppliers to different countries and territories. Acted as the middlemen, the company could reduce matching and opinion risks.How do these core strengths make Li and Fung an attractive option for its customer?How do Li and Fung make the supply chain more responsive (i.e., fast and flexible?Do you think that other companies can imitate Li & Fungs businessmodel? Why or why not? Be brief.