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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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 fireworks and
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Question 1: Is the fireworks industry a “sunset” industry or still worth being in for the long run? Answer: The fireworks industry is certainly a “sunset” industry and it is not worth to be in this industry for the long run. Following are the reasons that would solidify this claim: Firstly‚ this industry and the use of fireworks are highly regulated across the globe. For example: Canadian market is virtually closed to Chinese fireworks due to its regulations pertaining to health and safety issues
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Chinese Fireworks Industry Memo To: Jerry Yu From: Robert Burke cc: Frances Tucker Date: Re: Marketing Strategy for Chinese Fireworks Industry Introduction From the SWOT analysis and my further analysis of the case‚ the marketing issue that needs to be solved in order to help determine a decision for the client is identifying the problem in the global marketing strategy. This struggle to make a decision is coming from the industry not having a target market and businesses marketing their products
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analysis regarding the attractiveness of the Chinese fireworks industry The documentation used: • According to Porter’s Five Forces model‚ it is easy to enter into the Chinese firework market which is leading to more fierce competition. Although‚ there are also more legal restrictions in other countries which means less threat of new entrants outside of China. The initial capital requirement to become a firework manufacturer is low so it is easy for Chinese farmers to start a small workshop while maintaining
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Liuyang Fireworks Factory as an Investment Jerry Yu is an American born Chinese man with an MBA who runs a small family chain of businesses in New York. He is faced with a decision to invest in the Chinese fireworks industry. Jerry must assess the attractiveness of the fireworks industry along with the risks involved. Throughout this paper we will analyze the pros and cons of entering the market of Chinese fireworks. In our opinion‚ Jerry Yu should not invest in the Liuyang fireworks factory.
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Fireworks put on an amazing display for those who watch‚ but many may wonder how these bright bursts actually get their vibrant colors. Fireworks are a work of science and many fundamental chemistry and physics concepts are used in setting a firework sky bound. The coloring of fireworks involves heat‚ chemical compounds‚ and energy. However‚ to completely understand this work of chemistry‚ the history and composition of fireworks should be known as well. Fireworks were invented somewhere between
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Physics of Fireworks. Have you ever wondered where those magnificent flashes in the sky came from? How are those huge booms of light working? What makes them change colors? What gives them all their shapes? Be prepared to have your mind completely blown; from monks warding off ancient sprits‚ to Caption John Smith having a party‚ to Queen Elizabeth’s ’Fire masters’. Fireworks have been the biggest‚ loudest‚ most well-known symbol of freedom and light for centuries. From the huge Willows that
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Introduction Whether it be the 4th of July‚ a day at Disneyland‚ or Chinese New Year‚ fireworks can be used to appeal to people of all ages‚ genders‚ and races. These low explosive pyrotechnic devices are primarily used for aesthetic or entertainment purposes. Fireworks come in various forms‚ including sparklers‚ firecrackers‚ basic fireworks‚ and ariel or display fireworks. Those who watch firework displays find that those can be broken into smaller categories by four primary effects. These effects
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Fireworks! Have you ever been to an aerial fireworks show at an amusement park‚ baseball game‚ Fourth of July celebration‚ or on New Year’s Eve and wondered about how all the impressive colors and sounds are produced? People everywhere enjoy the fantastic explosions and the brilliant light displays of fireworks. However‚ these spectacles are much more than just a form of entertainment. Each firework launched into the sky is a precisely formed assembly of chemicals and fuel‚ carefully calibrated
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