Business strategy/ Discussion Board (THE CHINESE FIREWORKS INDUSTRY) - Assignment Example

Business Strategy Question Strengths: Jerry has an MBA. Yu is also an American born Chinese and is thus conversantof the fireworks culture. Jerry also has some experience in running a business as he ran a family owned chain of gift stores back in Brooklyn, New York. Opportunities: his mother and family hail from Liuyang, the hometown of fireworks and firecrackers. Another opportunity for Jerry was the encouragement he received from his family to invest in a village owned company. Since Jerry is American, he could also capitalize on the American market as an opportunity.

Weakness: he is an American born Chinese and may get viewed as a foreign economic threat in the industry.Question 2 Other ways to get involved in the Chinese fireworks industry could be as a supplier of raw materials to the factories. Another way to get involved could be as an internet marketer for the firework products from the Chinese fireworks factories. One could also get involved as a distributor of the fireworks products within the Chinese industry as an exporter or importer. One could also invest in research and development business that aims at providing advice to factories on ways to improve their products quality and safety.

Question 3 As a supplier of high quality materials, one would get to have a wide market to capitalize on considering the number of fireworks factories available in China. As an online marketer of the Chinese firework products, one is faced with the huge potential of the internet that provides a diverse market. Proper marketing would ensure constant customers and good returns. As a distribution agent, the huge demand for low-cost Chinese firework products would ensure that one is constantly getting transportation requests from customers and thus earn good money.

There is a lack of investment in research and development by Chinese fireworks companies and thus one could gain profits if they started a business that would advice factories on how to improve and innovate their products.Question 4 As a supplier of raw materials, one would require skills on identifying the various types of high quality materials required for manufacture of firework products. As a distribution agent, one requires the knowledge about the diverse market for Chinese fireworks products and how to capitalize on it.

As an online marketer, one requires skills in online advertising. As a research and development business, one would require the relevant modern technical skills applied in the manufacture of fireworks.