Chinese Fireworks Industry (Case Analysis) Strategic Management MGT 498 FA2013 John Cabot University Summary p.3 Introduction p.3 Industry Analysis p.5 -Environmental Analysis p.5 -Porter`s Five Forces model Analysis p.8 Assessment of the industry attractiveness p.10 Implementation
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If we analyses industry life cycle graphs‚ the Chinese firework industry is not in growing period‚ it can be counted at maturity phase such as sunset industry. According to Chinese Firework Industry article‚ there are some challenges for future outlook in Firework market‚ such as some safety regulations and increasing environmentally conscious among consumers. Both of them force the industry to be more manufacturing and it increases the cost. In addition to these disadvantages reproducing is another
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Case Title The Chinese Fireworks Industry- revised Date October 8th 2012 1. Issue identification： Jerry Yu is considering whether to invest in Liuyang fireworks factory‚ so he made an evaluation of the Chinese firework industry. Here is a brief identification of the issue: 1.1 History of fireworks: There is an old-line of the Chinese fireworks‚ which is tightly combined with varieties of celebrations and festivals in China. Especially‚ Liuyang is known as “the home of
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Case Title: The Chinese Fireworks Industry Executive Summary An organization can only improve its functioning‚ if it makes itself aware of its weaknesses and then acts to correct those deficiencies. The purpose of this case is to help Jerry Yu asses how attractive the fireworks industry is and to aid in his decision-makings of investment. This case is also conducted to diagnose the key issues that the company needs to address and to suggest alternative courses of action or give recommendations. Jerry
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The Chinese Fireworks Industry While the Liuyang fireworks industry dominated the worldwide industry‚ Jerry had to decide whether he should invest in the industry. If he did invest‚ what was the best way to capitalize on the potential that remained unexploited in this industry? He wondered whether he could apply the industry analysis framework he had studied in his MBA program. Facts: Total revenue increased in China from 2007 to 2009 by 36% Total revenue in Liuyang increased by almost 68% from 750k
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this report The Chinese fireworks industry has experienced significant change since China adopted "open door policy"‚ moreover‚ it has huge market share in the world’s fireworks market. But on the other hand‚ the Chinese fireworks industry also has fatal weaknesses. Therefore‚ whether to invest in this industry is still a considerable challenge to most investors. The objective of this report is to give some suggestions to Jerry Yu on his decision of the investment on Liuyang fireworks industry. Furthermore
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The Chinese Fireworks Industry Revised: Introduction: Liuyang is a city known as “the home of fireworks and firecrackers” in Hunan province of China. Fireworks and Firecrackers have become the pillar industry of Liuyang‚ where 50 percent of total jobs are related to fireworks and one third of the total workforce lives in fireworks. Out of total 6458 fireworks manufacturers‚ 2702 are in Liuyang and 2144 in the surroundings of Liuyang. 89 % of total chines production of fireworks and firecrackers
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3. In the Chinese firework industry porters five forces weigh in extremely heavy‚ now there may not be a perfect way to control the industry and insure you are the top contender‚ but there are strategic alternatives that could help Jerry Yu and his future investment. The alternatives that could help would have to give jerry a competitive advantage which would overcome one or multiple external forces. Jerry Yu runs a chain of family owned gift shops in the U.S.; he could very well utilize
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The Chinese Fireworks Industry Liuyang‚ a city in Hunan Province in China‚ is known as “the home of firecrackers and fireworks”. The fireworks making in Liuyang has a long history and tradition in China‚ and enjoys a high reputation in the domestic market. It was also the top fireworks exporter in the world‚ covering 60% of the global production. However‚ the fireworks market in China faced an intensified competition and several legal restrictions. Jerry Yu‚ who was running a small family-owned
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Case Title: The Chinese Fireworks Industry Executive Summary An organization can only improve its functioning‚ if it makes itself aware of its weaknesses and then acts to correct those deficiencies. The purpose of this case is to help Jerry Yu asses how attractive the fireworks industry is and to aid in his decision-makings of investment. This case is also conducted to diagnose the key issues that the company needs to address and to suggest alternative courses of action or give recommendations
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