How a SME company through Globalization has been transformed to a US$8.72 billion enterprise
A prime example of the success of globalization is best demonstrated by Li & Fung.? Its business model was being analyzed in numerous case studies by the Harvard Business School and is being hailed as the ¡®King of globalization¡¯ in some business journals.? Mr. Victor Fung took over the management of the company from a Chinese family-owned, medium size trading firm in the 1970s and changed its philosophy.? As a result, the company¡¯s annual revenue rose from US$54 million in 1992 to US$8.72 billion in 2006 and it has operations in 40 countries.? The success of Li & Fung epitomized how the company takes full advantage of the globalization trend to evolve from a medium size firm into a global power player.
Globalization has proved to be extremely rewarding for businesses like yours. In order to keep up with the competition, globalization is a necessity and not an option. If Li & Fung can be successful, so can you! WT Solution limits your risk to only US$100/month, and we can help you take that first step.
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