The Research On The Core Competence Of Insurance Corporations In China

Since Prahalad and Hamel released the paper entitled The Core Competence of Corporation in 1990, the research on core competence gradually became the focus of corporations and academes. In terms of the present research on core competence at home and abroad, the research concentrates more on manufacture corporations instead of service corporations. In particular, there is still no systematic and comprehensive research on insurance corporations, the special sector in finance service field.The thesis, on the basis of economics and administration, utilizing the strategic theory of core competence, in the background of China's entry to the WTO, with qualitative analysis, quantitative analysis and systematic analysis method, concretely analyzed the core competence of insurance corporations according to the special characters of insurance corporations and their industry environment. The thesis emphasizes on summarizing the constituents, designing its evaluation system, and proposing methods to improve it, in order to provide some academic references and practical suggestions for China's insurance corporations on how to gain persistent competitive advantages.The whole thesis is divided into five parts. The first chapter introduced the research background, purpose and meaning, and summarized the present academic achievements in core competence. The second one associative with the special industry characters of insurance corporations indicated the connotation and characters of their core competence, and proposed five major constituents, and their value contribution to core competence. At mean while the five constituents also became the base of the interior cultivation method of their core competence. The third one designed the evaluation index system and evaluation model of core competence of insurance corporations, in order to make the evaluation on it more operable. The five one proposed the methods of cultivating the core competence of insurance corporations in China in both exterior and interior aspects. In exterior aspect, the core competence may be gained through approaches such as merger and acquisition, establishing alliance between insurance corporations and banks, entering security market. In interior aspect, on the base of the constituents, we should take culture as soul, talents as foundation, innovation as key, capital as guarantee, information as impetus, and integrate interior resources effectively to cultivate the core competence.