Chinese Firework Industry

The following analysis of Porter’s 5 Forces Model will help in determining the threats that my be present now or in the future and help determine opportunities and decisions regarding the marketing plan.

Porter’s Five Forces is a framework that consists of five competitive forces, threat of entry, power of supplier and buyer, threat of substitution and competitive rivalry. These forces facilitate the analysis of the task environment of an industry or company (Wheelen and Hunger, 2009).

In order to determine the best direction for Acme Fireworks going forward, we must look into the contracts to properly choose the path of this company. We must first establish that the contractual agreements already made are legally binding. Once the revision of the contract is complete, Acme Fireworks will need to reassess its staffing needs to make certain that it can fulfill its end of the contract and avoid any breaches. After all this is analyzed, Acme Fireworks will need to review its current business model as a sole proprietor and evaluate what steps it should take to ensure the growth of the company.

3. Please apply Porter’s Five Forces model to the steel industry. While doing so, clearly identify who is behind each force – for instance Suppliers, Buyers, Substitutes, Competitors, etc. And what is the impact of each force on the profitability of the industry – in terms of the following levels - High/Medium/Low. At the end, also provide a summary of all the five forces and propose whether you think the steel industry is attractive industry or not an attractive industry.

The task instruction is: Analyze Company G’s competitive environment utilizing Porter’s Five Forces Model of competitive forces. While headings below may provide some guidance for how to organize the paper, please refer to the recommended text (index topic: “Porter’s 5 forces model”), the learning community, and recommended web sites. As you will see from the reading, Porter’s 5-forces is a way to examine threats to a company’s success – which was competition imposes.

Change occurs all the time in organizations, it is the one thing that is always consistent. In order for an organization to stay relevant they must re-invent themselves in order to continue to satisfy their customers’ needs. My goal in this paper is to share about an organization called Acme Fireworks and to determine if the laws that these businesses will be governed by, analyze the contracts, apply the five essentials elements of an enforceable contract, explain the potential liability if a spectator is injured, discuss the different employment types relevant to this company, and explain why they should not operate as a sole proprietorship.

When we see fireworks explode, what we’re actually seeing is the explosion of components inside the aerial shell. The aerial shell is made up of gunpowder and stars, small lumps that are comprised of fuel, an oxidizing agent, a metal-containing colorant, and a binder. These stars are what give the fireworks their colors. (De Antonis, pg 8). The metal-containing colorant produces the color when it’s exposed to a flame (in this case, the ignition of the gunpowder) then the fuel and oxidizing agent combine to create a chemical reaction that yields powerful heat and gas (De Antonis, pg 8).The binder holds all these ingredients together when the firework explodes. When the fuse at the bottom of a firework is lit, the energy propels it upwards until

But it doesn’t end there. After the fireworks,

Fireworks are one of those things that everyone loves to see every chance they can get. Acme Fireworks wants to start showing fireworks on the regular basis, but it will cost more to hire more people for the labor, insurance, and the service of setting off the fireworks. I will determine if the contract with the businesses will be governed by common law or the Uniform Commercial Code and explain why, analyze whether the owner formed the contract with the business and apply the five essential elements of an enforceable contract. I will explain the potential personal liability to Acme Fireworks if a spectator is injured by a stray firework from a fireworks display, discuss the difference employment types and relationships relevant to agency law and analyze the advantages and disadvantages of each type specific to Acme Fireworks. I will also explain why Acme Fireworks should not operate as a sole proprietorship and I will recommend a new business entity and provide rationale to support my recommendation.

At its core, Porter’s 5 forces describes a firms overall ability to compete in a market. We discuss our analysis of the 5 forces and how they affect SAS Corporation and its stakeholders. Please examine Figure 1.1 to view a diagram that depicts the 5 forces.

Cai Guo-Qiang, one of China’s most profane artists began exploring the designs of stage art when it came to his drawings and his sculptures. For example, Cai’s use of gunpowder has become center of most of his projects. His love for gunpowder draws upon Eastern philosophy and contemporary social issues. Though his drawings of fireworks signifies Chinese culture, Cai’s ultimate goal is to move past those boundaries and have viewers see the world beyond the typical social culture he lived in. According to a The New York Times article written by Holland Cotter he states that Cai’s art style “has a keen theatrical flair for multimedia spectacle in which history, politics and metaphysics blend.

Acme Fireworks is a reputable fire work company that falls under the form of retailer. In order to gain consumers and sell their products they must put out ground display’s of their fireworks as well as a variety of aerial fireworks, especially their larger products. This company started out as a small family owned business in the back of a man’s garage and as he grew and drew in more consumers he is now a managing fifteen employees that help him operate his business. The company has been a sole proprietorship and the owner has never changed his entity, meaning no partnerships or shareholders. The owner has received numerous inquiries from surrounding businesses if his company would be able to create more personalized fireworks for them on a more regular basis.

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:

According to Porter, the nature of competition in any industry is handled by the following five forces:

Porter’s five forces are used to determine the competitive intensity and attractiveness of a market. These are close forces that affect a company’s ability to make a profit and serve customers. If any of these forces change, a company must reassess its marketplace. The five forces include: the threat of substitute products, the threat of the entry of new competitors, the intensity of competitive rivalry, the bargaining power of customers and the bargaining power of suppliers.