Restructuring is the main melody of foreign diversified companies in 1980's. In 1990's, returning to core business or trade and finding the competitive advantage became main problems. In this case, the developing of Zhongtian company could be divided into 3 periods: 1, Developing of diversification of Guangzhou company. 2, Formulating the Engineering Strategies. 3, Formulating the diversification strategies of Zhongtian South Group. This case will analyse the devercificational restructuring of Zhongtian South Group, then present its competitive advantage.
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