| YPC executed assets recombination and reformed joint stock system in a bid to build modern-enterprise regime and to found operating organism of market economy. This reformation realized the isolation of principal industries from supplementary ones to strengthen comprehensive power in international competition. YPC Co. Ltd. (also referred to as residual company) has become mainstay of the supplementary industries, characteristic of enterprise-pushing, society-activated economy. It is a complex aggregate, blending self-production with diversified economic forms complete with supporting services.At the present, all of holding companies, full-investment or multi-operation companies under YPC are serving main industries or developing business around these main industries. These companies have been growing under the help of main industries for years and attaching themselves too much to main industries. The focused concerns for the moment are how the companies are to be positioned properly in the market; what strategies shall be formulated to cater for their development; what operational organism shall be established; how distribution system of labor can be reformed appropriately and how the companies can keep an invincible place in the future competition.The article in question presents a comprehensive analysis of external and internal conditions of YPC by investigating the enterprises attached to YPC. It tries to pinpoint the disadvantages in industrial status, property right status, organizational structure and management of human resources or finance and to locate the universality intrinsic in current residual company. On the other hand, it addresses the solutions to these problems, enacts overall developing strategies and functional tactics suitable for residual company. |
