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Chinese Firework Industry
What we can conclude from the analysis and suggestions is that although Chinese industry has some huge weaknesses, it still provides opportunities for Jerry Yu. But the successfulness depends on the extent to which he uses the strategies to differentiate from competitors. However, as the detail information of Jerry Yu are not provided, the suggestions are based on a relatively ideal circumstance--providing he has adequate capital to implement these strategies. Another viewpoint to be addressed is that not only Jerry Yu but also other investors should be aware of the weaknesses of the Chinese fireworks industry. To increase the attractiveness and competitiveness of an industry, only one individual's effort is not enough.
Market is dynamic and no strategy can guarantee success. Nevertheless, as long as both Jerry Yu and Chinese fireworks industry can fulfill these solutions, hopefully he can achieve competitive advantages meanwhile the competitiveness and attractiveness of Chinese fireworks industry will be improved.
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