1. Q1: will you invest? Where to invest? Choosebetween two fireworks discussed.
Ans: Although The fireworksindustryis certainly a “sunset” industry I believe that
there still have opportunities to invest in firework industry, as the demand had
been risen since past three decades due to increased economic development and
living standard.
To make safe and secure investment following steps should be taken.
• First, I will concentrate on R&D to produce the fireworks. Research and industry
is no different. This industryhas lacked investmentin developing new products that
would differentiate manufacturers. Hence, emphasis should be given on product
development,developmentisthekey to successinanyindustryandfireworksasthis
will allow approaching the marketwith new and differentiated products thatcould
be sold at higher profits. R&D department also has to develop more environment-
friendly fireworksbychangingthe materials making fireworks.Launchingfireworks
becomes a luxury business programto attract domestic and international tourists.
By taking care of safety and to attract more customers, I will recruit more young
employees with art and design background to arrange fireworks displays not only
have simple symbols but also are brilliant shows. Furthermore, I will enforce
training programs such as enhancing working safety classes and machining in
factory. Experienced employees also need to learn new skills and learn how to
produce more effect by machine.
I will invest in display fireworks thesefireworks refer to the professionalfireworks
used for large, public shows. They are formerly known as Class B special fireworks
and they are classified as 1.3G explosives. This classification of fireworks tends to
be louder and more hazardous than its 1.4G fireworks counterpart. Due to the
amountof flash powderin 1.3Gexplosives, it yields a louder, morepowerfuleffect.
I believe that These fireworks willbe able to generate more and quick profits than
consumerfireworksbecausethey can besalein bulk for Evethroughout the world.
