CHERY AUTOMOBILE: CHINESE FIRMS CATCHING UP¹ Case Questions Should firms trying to catch up be entrepreneurial? Based on Chery's case, what are the characteristics of an entrepreneurial firm trying to catch up? What is your prediction for the future of the Chinese automobile market and Chinese local automobile companies (including joint ventures and domestic companies)? Based on your understanding of national catch-up theory and the firm catch-up illustrated by Chery, summarize the similarities between the two. Referring to decreased domestic sales and increased competition in exports among Chinese automobile companies, if you were the CEO, what would be your strategy?