Sir Li Ka-Shing Case Study

As we all know, there are many successful businessman in this world. Sir Li Ka-Shing, the founder of Cheung Kong Holdings is also included in this category of successful businessman. The behind story of this successful man hidden many great values that everyone can learn from him. For example, Sir Li Ka-Shing is not only a hardworking man, but he is also a smart businessman who does the right thing at the right time. On the other hand, he was born in a poor family and was forced to leave school before the age of 15 due to his father’s death. Although this is a hard situation to a teenager that still below 15 years old, Sir Li Ka-Shing worked hard to accomplish and realize his dream. He had failure on his business but he never give up and try

Sir Li Ka-Shing is one of the most powerful and richest men of the world, the wealthiest man in Asia. He is the boss of the conglomerate ‘Hutchison Whampoa, Cheung Kong Holdings and Watson Group’. The business mogul is the 9th richest person of the world with a net worth of approximately 25.5 billion dollars according to Forbes. His political and financial influence, as derived from his diverse holdings, which included real estate, ports, telecommunications, finance, infrastructure and biotechnology, led AsiaWeek to address him as “the most powerful man in Asia” in the year of 2000.
Sir Li Ka-Shing was born on 13th June 1928 in Chaozhou, the mainland of China. He was forced to leave school before the age of 15 due to his father’s death which he had to abandon his education and look for a job to support his family. His first job was at a plastics trading company where he worked for almost 16 hours daily. He also sold watches at his uncle’s store. Soon he became popular for his selling skills and was given the additional responsibilities of controlling the factory’s operations and product commercialization.

In year 1950, Sir Li Ka-Shing has quit from his job as a manager and started his own business with his very limited resources, which only seven thousand Hong Kong dollars, he borrowed about HK $ 40 thousands from his uncle and cousin Li Shu Lin Li Yi and sum up together with their own savings, a total of HK $ 50 million capital. He opened a production of plastic toys and household goods factory. At first, Sir Li Ka-Shing only care on taking orders and shipments, ignoring the quality control, resulting in more poor products. This causes the delays in the delivery time, return goods and compensation. His factory revenue suddenly cut back, suppliers have come to claim the checkout repay and the bank loan continue to urge, his factory has forced into bankruptcy. This makes Sir Li Ka-Shing understand his haste, and he realized that he should not underestimating the risk of being a