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Development Strategy Of China Petrochemical Corporation

Posted on:2002-10-16Degree:MasterType:Thesis
Country:ChinaCandidate:X C LiFull Text:PDF
GTID:2206360032954810Subject:Business Administration
Abstract/Summary:PDF Full Text Request
As the national strategic industry, the petroleum and petrochemical industry is closely connected with the economic lifeline of a country and is protected by the country's policy. But the protection will no longer exist with the penetrating process of our innovation and open policy and with the access to WTO. Facing the impact and the challenges from the petroleum companies outside of China, we are confronted with the industry upgrading, the adjustment of the structure and the challenges from globalization and information age. Under the new situation, the developing strategy is related to the life and death of the enterprises. Therefore, based on the analysis of the inside and outside circumstances, this thesis first describes the opportunities and threatens, the advantages and disadvantages that China Petroleum & Chemical Co. (SINOPEC) will encounter, then put forward the considerations and the suggestions to the constitution of the developing strategy. The thesis is devided into three chapters: The first chapter briefly introduces the status in quo of development and the major problems of SINOPEC. It discusses the important innovations in 1978 and in 2000 and then touches upon the problems in five aspects. The second chapter first analyzes the outside strategic circumstances SINOPEC is confronting: opportunities are coexisting with threatens and challenges. Then it goes to the analysis of the trade patterns: the present competion is between the two big Groups (SINOPEC and CNPC); with the access to WTO, the entering of the international petroleum companies will worsen and complicates the competition. SINOPEC thus confronts double ventures from the international resources and the capital market. Finally this chapter analyzes the inside circumstances of SINOPEC, such as its advantage in the market, the "bottle-neck" of its development. Based on the above analysis and the status of SINOPEC in the economy of our country, the third chapter put forward the considerations and the suggestions to the developing strategy of SINOPEC. First, SINOPEC must speed up the exploitation and the utilization of the resourses, the development of the techniques and the scientific administration. It must take full use of the advantages and try every effort to become the world-class energy company that can compete with the multinational petroleum companies. Second, It should expand the production and management scales and adopts the developing strategy in oil extraction, production and distribution. Third, it must innovate the present administrative structures and take full use of the group advantages to strenghthen the force of personnel diatribution and and lessen the pressure. At the same time the modern Internet technology must be used to fully improve this traditional industry. Moreover, The government should also make corresponding regulations to keep the order of the market and avoid the inside competition between SINOPEC and CNPC. The two big groups must improve their competitive strength so as to meet challenges from outside.
Keywords/Search Tags:the petroleum and petrochemical industry, SINOPEC, challenges, innovation, strategies
PDF Full Text Request
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