CHINESE FIREWORKS INDUSTRY Goals‚ Purpose and Significance of the Article To provide information regarding Fireworks Industry to investors that may help them in making decisions‚ shedding light on its tight market competition‚ production‚ safety‚ dispersal and previous market trends. Statement of the Article’s Research Problem While the Liuyang fireworks industry dominated the worldwide industry‚ Jerry had to decide whether he should invest in the one of the companies in the province. If he did
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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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Chinese Fireworks Industry Case Write-up (1) Is the fireworks industry a “sunset” industry (i.e.‚ mature or declining industry)‚ or is it an industry still worth being in for the long run? From what the case discusses‚ it seems to me that the industry is dying. The future looks pretty gloom with the price wars‚ quality disputes‚ and intense overseas competition. Could the industry make a comeback? Yes‚ I believe that with China’s recent economic growth that domestic sales could drastically increase
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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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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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A firework is an incendiary device or material that can be used for signalling or entertainment. There are chemicals in the top of the firework that explode‚ which makes the colours seen. Fireworks‚ first originated in ancient China‚ with the first explosive being created from a mixture of black powder during the Sung dynasty. The firework was created by a combination of sulfur‚ saltpeter and charcoal. The Chinese found that the combination of these ingredients was very flammable and would blow up
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A firework is an incendiary device or material that can be used forsignalling orentertainment. There are chemicals located in the nose ofthe rocket that explode‚ producing the colours seen. The art of fireworks‚ first originated in ancient China‚ with thefirst explosive being made from a mixture of black powder during theSung dynasty. It is believed that the explosive mixture was created bya combination of sulfur‚ saltpeter and charcoal. The Chinese foundthat the combination of these ingredients
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