Qilu Petrochemical Corporation, Technological Innovation Capability Study

After joining the WTO, our domestic petrochemical enterprise will meet with more acute competitions which come from large international petrochemical companies, because overseas petrochemical companies are unwilling to transfer their latest technologies to us like before, but using free trade facilities and lower costs of productions to impact domestic market. There are lots of problems faced in front of QILU Petrochemical Company as below. They can not adapt to change immediately because the development of new productions as well as the species and qualities of productions can not meet with the requirements of market. The structures of equipments are unreasonable. The proportion of productions which possesses high additional qualities is lower. They are short of nuclear technology by which an enterprise could possess independence power of product. There are relatively lower level of market operating and sales. The scientific researching product and sales are not tied together and so on. Therefore in such severe situation it is important for QILU Petrochemical Company to rise their abilities of international competition. And the key which can increase their competitive ability is to rise their abilities of technological innovation. The paper expounds briefly the status quo of QILU Petrochemical Company's technological innovation capability, and points out that in the final analysis problems come into being by reason of the scanty of technological innovation capability. Enterprise's technological innovation capability controls enterprise's technological innovation from three sides which are the frequency, direction and track of technological development. It is the key that enterprise stands in an invincible in the competition. So the way to improve technological innovation becomes the focus of the company.The paper analyses the technological innovation capability of the domestic and overseas petrochemical enterprise, and sets up the estimative system of technological innovation capability. Based on those the paper analyses the weaknesses of QILU Petrochemical Company about technological innovation capability and puts forward countermeasure.