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.
|Title of host publication||2004 annual international EUROMA conference|
|Subtitle of host publication||operations management as a change agent|
|Editors||Luc N. van Wassenhove, Arnoud de Meyer, Enver Yucesan, Evrim D. Güneş, Luc Muyldermans|
|Number of pages||10|
|Publication status||Unpublished - 2004|
|Event||11th annual international EUROMA conference - Fontainebleau, France|
Duration: 27 Jun 2004 → 29 Jun 2004
|Conference||11th annual international EUROMA conference|
|Period||27/06/04 → 29/06/04|
- Chinese chemical industry perfonnance
- core capabilities
- private and state ownership
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 Unpublished.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.