Research On The Core Competence Of China's Commercial Banks

The core competence theory holds that the key for long-term success of enterprise is determined by how to cultivate and develop its core competence.At the knowledge-information age, the economic globalization and the banking integration are developing with comprehensive and in-depth unprecedented. The contest among commercial banks become more and more intensive that embodies mainly on core competence, cultivating and developing core competence is the way to success.Since economic reform and open to the outside world, China's commercial banking industry has obtained remarkable achievement, the commercial banking system has been gradually set up with the four state-owned commercial banks-the Bank of China, the Agriculture Bank of China, the Commercial Bank of China, and the China Construct Bank梐s the pillar of the comparative integrated banking system which existed side by side the other newly set up national or regional joint梥tock commercial banks such as the Communication Bank, Zhongxin Industry and Commerce Bank and the Shenzhen Development Bank.Comparing state-owned commercial banks with joint-stock banks and foreign capital banks, joint-stock banks with foreign capital banks, it is obvious that the core competence of China'sstate-owned commercial banks are not strong enough due to a great many of problems that are adverse to cultivate and develop the core competence. This situation created mainly because our commercial banks are in disadvantage of human resource management, implicit in strategy orientation, weak in technical development and weak in innovation, has not paid attention to the cultural construction of enterprise etc. So in the process of core competence construction, our bank should strengthen the human resource management, be clear about strategy of orientation, enhance technical development, promote the ability of creating and using famous band, bring up enterprise culture etc. Only in this way can our commercial banks cultivate and enhance the core competence, and establish in an unassailable position in intensive competition.