An Empirical Study On The Relationship Between The Transformation Of Main Bussiness And Performance Of Corporations

Main business which ensures the normal operation of enterprises is the major ones of day-to-day activities in order to complete its business objectives over a period of time and should remain relatively stable. However, since their own characteristics and external market conditions are constantly changing, the main business gets into transition in order to adapt to constantly changing conditions of their own characteristics and the outside world with the growth of long-term process. In this sense, the transformation of the main business should be a normal process during the growth of enterprise. However, in the view of effect, there are some listed companies successful in transition and there are some not which become a threat to the survival of enterprises. Therefore, "the main industry in transition" is not a panacea. So, what characteristics should the enterprises of the main business in transition have? What impact does main business of transition have to performance? What features do industries which the main business is out of or gets access to have? What does main business companies in transition to follow? Can the generality of the abstract economic theory explain the complexity of the main business transformation in the real world? All these problems are needed to be responded from the theory and used to guide practice.The paper discusses the six main business transformation and its relationship to performance:Introduction part, including the problem this paper studies, research ideas, research and methodological framework of this article, and the inadequacies of innovation; the second part is Main business transformation and performance of, this article first to define the relevance of the concept, and then in accordance with the results of the main industry in transition, respectively, both at home and abroad on the main business of the enterprise restructuring and performance study of the relationship between literature; the second part is the full text of theoretical analysis, mainly from two aspects of nuclear and chemical diversity, discuss the theoretical basis for the transition of main business; the fourth part of the framework is empirical research, first draw a brief description on the sample data collection and selection, and then quantify the indicators in accordance with the degree of diversification and performance, bring forward an assumption of empirical research and establish it; in At last, the thesis gives the proposal for later research direction and puts forward some policy suggestions. For example, companies should regress from diversification to specialization and enhancement core competitive ability. accordance with the quantitative indicators, methods and models in ChapterⅣ, ChapterⅤselects listed in the SSE 165 manufacturing enterprises in the study object before 1998, using its published six consecutive years of data from 2003 to 2008, do empirical research on listed companies on China's main business performance transformation and further in-depth analysis of a few preliminary conclusions are drawn; the sixth part in connection with the research results of this paper and the main state of current main business transition, the use of industry business owners to improve business performance transformation of the countermeasures and suggestions, pointing out that China's main business of listed companies in transition should be based on their own strength and the external environment, a reasonable measure of restructuring costs, accurately grasp the transformation of the opportunity to carry out innovative and detailed transition strategy for the transformation of their own development model, which the enterprise is the key to high performance. Finally, relevant empirical conclusions are gathered and expectation of future research is also described so that there will be a better research both in-depth and meticulous in the future.