China has been changing from a centrally planned to a market economy. Its journey has not been a smooth one and is not likely to be easy in the years to come. One of its industry sectors, the chemical industry, which represents approximately 4.6% of its national GDP, is facing challenges in the changing market dynamics. The Chinese government has applied administrative actions rather than simply relying on the market to address these challenges. Fragmentation has been reduced by closing down inefficient chemical plants; merging various companies to form groups. It has also attempted to privatise government owned enterprises by corporatisation and marketisation. Corporatisation of government-owned enterprise refers to alteration of their ownership to create joint stock companies. Marketisation refers to listing those privatised enterprises on the stock market. The objective of this research was to find out whether taking these administrative actions is the best strategy for the Chinese government-owned chemical industry rather than making it more effective by building up state owned chemical enterprises? core competencies and core capabilities. The principal argument of this thesis is based on the resource-based view (RBV). / thesis (PhDBusinessand Management)--University of South Australia, 2004.
| Identifer | oai:union.ndltd.org:ADTP/173380 |
| Date | January 2004 |
| Creators | Cheng, Jeremy |
| Source Sets | Australiasian Digital Theses Program |
| Language | English |
| Detected Language | English |
| Rights | Copyright Jeremy Cheng 2004 |
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