In search of a sustainable success strategy in the Chinese chemical industry

Jeremy Cheng, David Bennett

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The Chinese chemical industry is facing fierce competition and changing market dynamics due to the change in the country's economic policy. Its government has applied administr.ttive actions rather than simply relying on the market to address the changing dynamics. It has attempted to privatise government-owned enterprises by corporatisation coupled with industrial restructuring. This paper uses a case study of Peony Printing Ink Co Ltd, a state-owned chemical enterprise, to illustrate the effectiveness of developing internal competences to improve long-term operational performance rather than the adoption of a privatisation approach.
Original languageEnglish
Title of host publication2004 annual international EUROMA conference
Subtitle of host publicationoperations management as a change agent
EditorsLuc N. van Wassenhove, Arnoud de Meyer, Enver Yucesan, Evrim D. Güneş, Luc Muyldermans
PublisherINSEAD
Pages113-122
Number of pages10
Volume1
ISBN (Print)2-9522-2100-6
Publication statusUnpublished - 2004
Event11th annual international EUROMA conference - Fontainebleau, France
Duration: 27 Jun 200429 Jun 2004

Conference

Conference11th annual international EUROMA conference
CountryFrance
CityFontainebleau
Period27/06/0429/06/04

Fingerprint

Government
Chemical industry
Market dynamics
Economic policy
Corporatization
Business performance
Industrial restructuring
Privatization

Keywords

  • Chinese chemical industry perfonnance
  • core capabilities
  • private and state ownership

Cite this

Cheng, J., & Bennett, D. (2004). In search of a sustainable success strategy in the Chinese chemical industry. Unpublished. In L. N. van Wassenhove, A. de Meyer, E. Yucesan, E. D. Güneş, & L. Muyldermans (Eds.), 2004 annual international EUROMA conference: operations management as a change agent (Vol. 1, pp. 113-122). INSEAD.
Cheng, Jeremy ; Bennett, David. / In search of a sustainable success strategy in the Chinese chemical industry. 2004 annual international EUROMA conference: operations management as a change agent. editor / Luc N. van Wassenhove ; Arnoud de Meyer ; Enver Yucesan ; Evrim D. Güneş ; Luc Muyldermans. Vol. 1 INSEAD, 2004. pp. 113-122
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Cheng, J & Bennett, D 2004, In search of a sustainable success strategy in the Chinese chemical industry. in LN van Wassenhove, A de Meyer, E Yucesan, ED Güneş & L Muyldermans (eds), 2004 annual international EUROMA conference: operations management as a change agent. vol. 1, INSEAD, pp. 113-122, 11th annual international EUROMA conference, Fontainebleau, France, 27/06/04.

In search of a sustainable success strategy in the Chinese chemical industry. / Cheng, Jeremy; Bennett, David.

2004 annual international EUROMA conference: operations management as a change agent. ed. / Luc N. van Wassenhove; Arnoud de Meyer; Enver Yucesan; Evrim D. Güneş; Luc Muyldermans. Vol. 1 INSEAD, 2004. p. 113-122.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

TY - GEN

T1 - In search of a sustainable success strategy in the Chinese chemical industry

AU - Cheng, Jeremy

AU - Bennett, David

PY - 2004

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N2 - The Chinese chemical industry is facing fierce competition and changing market dynamics due to the change in the country's economic policy. Its government has applied administr.ttive actions rather than simply relying on the market to address the changing dynamics. It has attempted to privatise government-owned enterprises by corporatisation coupled with industrial restructuring. This paper uses a case study of Peony Printing Ink Co Ltd, a state-owned chemical enterprise, to illustrate the effectiveness of developing internal competences to improve long-term operational performance rather than the adoption of a privatisation approach.

AB - The Chinese chemical industry is facing fierce competition and changing market dynamics due to the change in the country's economic policy. Its government has applied administr.ttive actions rather than simply relying on the market to address the changing dynamics. It has attempted to privatise government-owned enterprises by corporatisation coupled with industrial restructuring. This paper uses a case study of Peony Printing Ink Co Ltd, a state-owned chemical enterprise, to illustrate the effectiveness of developing internal competences to improve long-term operational performance rather than the adoption of a privatisation approach.

KW - Chinese chemical industry perfonnance

KW - core capabilities

KW - private and state ownership

UR - http://librarycatalogue.insead.edu/bib/45901

M3 - Conference contribution

SN - 2-9522-2100-6

VL - 1

SP - 113

EP - 122

BT - 2004 annual international EUROMA conference

A2 - van Wassenhove, Luc N.

A2 - de Meyer, Arnoud

A2 - Yucesan, Enver

A2 - Güneş, Evrim D.

A2 - Muyldermans, Luc

PB - INSEAD

ER -

Cheng J, Bennett D. In search of a sustainable success strategy in the Chinese chemical industry. In van Wassenhove LN, de Meyer A, Yucesan E, Güneş ED, Muyldermans L, editors, 2004 annual international EUROMA conference: operations management as a change agent. Vol. 1. INSEAD. 2004. p. 113-122