At last, some recommendations are provided for Jerry. Moreover, it also helps to the extent to which change is useful for the company and also guide the direction for the change. Besides, outside and inside environment are becoming severe: growing cost of row material and labor force, intense competition especially on price, lack of intellectual property protection… 1. Characteristics of export are: popular in Europe and large in north America, better prices, weak seasonality in demand. They did not entail much administrative cost. In addition, the quantitative data in case, and its relations with other quantitative or qualitative variables should be given more importance. Fireworks made their way first to Arabia in the 7th century, then to Europe sometime in the middle of the 13th century.
First to make varied and low priced products 2. And fireworks and firecrackers has become the pillar industry of Liuyang. The important thing for me was shooting in bulb method. This value may create by increasing differentiation in existing product or decrease its price. However, when more than one few companies uses the same resources and provide competitive parity are also known as rare resources. You should make a list of factors that have significant impact on the organization and factors that drive growth in the industry.
The high quality of fireworks is need, increasing the costs of making display firewokes Otherwise, you will fail to pass the standards and regulations for safety consideration of other countries. The capital to start a small family workshop is low. Initially, fast reading without taking notes and underlines should be done. The decision that is being taken should be justified and viable for solving the problems. For example you can recommend a low cost strategy but the company core competency is design differentiation.
Best alternative should be selected must be the best when evaluating it on the decision criteria. After having a clear idea of what is defined in the case, we deliver it to the reader. Here is a brief identification of the issue: 1. When we are writing case study solution we often have details on our screen as well as in our head. If the company holds some value then answer is yes. Optimistic one: tradition would not die so easily, so that there are no real substitutes for fireworks. Case Study: The Chinese Fireworks Industry By: 4.
Furthermore, the economy growth and the improvement of living level can also boost the sales among the business, especially in festivals. In this model, five forces have been identified which play an important part in shaping the market and industry. However, all of the information provided is not reliable and relevant. This thesis gives a detailed overview of the Chinese nuclear industry, including its challenges and opportunities. With the help of the offensive strategy, the obstacles on the way of running a fireworks manufactory are swept. In this way, Jerry Yu had better to build a stable and long cooperation with the suppliers to keep good quality.
In addition, the company should also invest in high technology equipment and in research and development in order to cope up with and to exceed the improvements in the safety and style of the fireworks that are being undertaken by competitors. Availability of raw materials 4. However, all this began to change in the mid-2000s. After the reform towards a market economy started in 1979, most of the factories were broken up and became family-run units of production again. One of it is setting fireworks or firecrackers. One is duplicating that is direct imitation and the other one is substituting that is indirect imitation.
Ask the government to improve penalties to pirates and pricing regulations. Customers lack respect for contracts 0. Whereas, the opportunities and threats are generally related from external environment of organization. Step 10 - Critically Examine Chinese Fireworks Industry case study solution After refreshing your mind, read your case study solution critically. After having a clear idea of what is defined in the case, we deliver it to the reader. At last, some recommendations are provided for Jerry.
For instance, In the United States, multiple government agencies were involved in fireworks-related injuries. In 1777, the United States used fireworks in its first Independence Day celebration, and fireworks have become closely associated with July Fourth celebrations ever since. Also, those copycat workshops with low quality of fireworks share large market in China. At the same time, there was rapid growth in the number of small, family-run fireworks workshops, whose relentless price cutting drove down profit margins. The fireworks making in Liuyang has a long history and tradition in China, and enjoys high reputation in the domestic market. Its changes and effects on company.
With the development of technology and the authority of Chinese fireworks institutes, the fireworks of Liuyang are more novel and promising to attract more consumers. Plus, the brand conscious is decreasing which led to higher risks the companies take. In bulb mode, the shutter stays Chinese Fireworks Industry open up until finally you let go on the button. The young generation inclines to choose the brand-new products to make difference. Also this brings a pile of order to the Chinese fireworks factories.