Success Strategies in the Chinese Chemical Industry: A Survey and Case Study Investigations

Jeremy Cheng and David Bennett

Journal of Chinese Economic and Business Studies, 2007, vol. 5, issue 2, 91-112

Abstract: The chemical industry in China is facing fierce competition and exposure to market forces as a result of changes in the country's economic policy. The Chinese government has applied administrative actions rather than simply relying on market forces to address the changing dynamics. It has attempted to privatise state-owned chemical enterprises (SOCEs) by corporatisation, coupled with industrial restructuring by merging individual state-owned enterprises into groups. Based on a quantitative survey in combination with case studies of two Chinese chemical enterprises, this paper concludes that in this industry building competences is more effective than privatisation and restructuring to improve performance.

Keywords: Performance; China; chemical industry; resource-based view (RBV); privatisation (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (1)

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DOI: 10.1080/14765280701362232

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