Analysis Of The Effect And Strategy Of China Petrochemical Group Restructuring

Restructurai reforms have already become a main way of deepening the economic reform and fascilitating further developments for Petro-Chemical of China nowadays Directed by China Govnemment,the Petro-Chemical Corporation of China has strived to reform continuely, and greatly boosted up the competitive force in the markets both at home and abroad,and made great achievements.This article,through detailed analyses of the company's reforms,aims to study the effects brought about by the restructural reforms and measures probably taken for future developmentChapter one starts with the necessity,significance and main roles represented by the current restructural reforms which forms the basis of this writing. Chapter two introduces the basic process of the restructural reforms carried out by the Petro-Chemical Corporation of China;Chapter three analyses the five effects coming from the reforms,namely the scale effect,profit effect,mechanic effect^nanagement effect and culture effect;Chapter four states the problems and challenges which the enterprise has been facing since the restructural reforms,and tries to make a comparison of the competitive force of Petro-Chemical Corporation of China with the three top corporations hi the world,Exxonmobil,Shell and BP ,in the field of Petro-Chemical.Chapter five puts forward the main counter-measurements for future development of the enterprise according to the challenging situation both at home and abroad, which the Petro-Chemical Corporation of China faces now and hi the future.Through conscientious analyses,this article concludes that the Petro-Chemical Corporation not only faces the severe challenges but also has good opportunities for new developments with our nation's entry into the WTO.I believe that as long as Petro-Chemical Corporation of China makes reasonable analyses about and has a right attitud toward the situation,follows the economic strategy of china Government, abides by the rules of market economy,and the relevant rules of WTO,eliminates stereotypes in time ,enhances internal management accompanied by insisting reforms,perfecting the regulations and rules of the enterprise, and to set up the structure of company's modern management in accordance with international conventions,enhancing scale of economy and profit-making ability,strengthening the ability of scientific creation and the market explorationjt can surly face up to those foreign parteners and even become one of the world tops ha the field.