Changde Qingfeng Coal Crunch Exit Strategy Research

The Development of coal and charcoal manufactories has its inherent principle. Generally, after stages of construction, stable production, mature, wane, the enterprises have to close the business because of resource exhaustion. A lot of the coal mines inland after their close confront a serious situation: the poor living condition for the former employees, the serious social problem it brings about. The Qingfeng coal mine is a case in point. As a result it is of great practical importance to investigate the history of coal mines and constitute the retrenchment and retreat strategy according to the theory of strategic management.The paper applies research approach of strategy management, based on the environments of the firm, proposes six schemes to appraise and makes out a practical strategy to follow. Getting rid of its social function, then it will realize transition after bankrupting and reforming, developing non-coal industry. It defines how to implement the strategy which includes adjusting institutional framework, combining the human resources, raising enough money, and improving the incentive mechanism. It also points out the way to guard against risk faced in the strategy implementation course. Finally, it puts forwards suggestions on the retrenching of state-run coal enterprise. The thread of the thesis is to adopt the corresponding tactics according to the law of coal resources, to realize rational resource distribution, to explore a new way of development.