Recognition Of Core Competence For High-tech Guaranty Company

High-tech Guaranty Company is dedicated to provide guaranty services to High-tech SMEs, whose core competence share a mumber of similarities with Guaranty Company as well as difference. High-tech SMEs are the small and medium-sized enterprises which mainly provide high-tech products and services to market. It serves as important carrier for research and development, application, promotion and innovation of high-tech, playing a pivotal role in the promotion of China’s high-tech industry. It affects the socio-economic development significantly. Nevertheless, these enterprises are characterized by small-scale, less total assets, high operating risk, financing bottlenecks, which are vital defects. The government has taken a series of measures to solve the financing weakness of these High-tech SMEs, embodied by creating a "multi-level, diversified, multi-channel" system for science and technology investment and financing. With the induction of market and the support of government, the past years have witnessed the emergence and growth of High-tech Guaranty Companies. However, due to the short history and particular Chinese economic and social environment, the performance of high-tech guaranty companies has not meet social expectation. Specialized research on the core competitiveness of the technology guarantees the companies can promote their sustainable development, and also can supplement and improve some extent on the guarantee theory and core competitiveness theory.In addition, since1990s, guaranty industry has entered the phase of reconstruction. Along with the expansion of micro-loan by banks and loan companies, as well as the creation of network finance by Ali, high-tech guaranty companies are encompassed by enormous menaces. Hence, this paper focuses on core competence of guaranty companies through reorganization, which is advantageous for them to seize opportunity and acquire competitive advantages. It would also be beneficial for high-tech SMEs to relieve financing plights, thus contribute to the prosperity of high-tech industry. Furthermore, this paper also analyzes the evaluation index system of core competence ability for high-tech companies, aiming at presenting reasonable reference for further research on this topic.I Main contentThe thesis focuses on the following issues:where does the core competitiveness of technology Guarantee Corporation comes from? How to cultivate and enhance the technology guarantee company’s core competitiveness in the context of global competition? In order to solve these problems, the thesis explores the issue from divided six parts.1. Introduction. It relates to literature review, research questions and main content.2. Theoretical basis and conceptual framework. It consists of relative theory, relative concepts and research framework.3. Analyzing the situation of high-tech Guaranty Company. It is made up of course of development, existing issues, internal strengths and weaknesses, external opportunities and threats.4. Recognizing the core competitiveness of high-tech Guaranty Company. According to the preceding parts, identifying the structure of its core competitiveness and building the theoretical model.5. Suggestions on core competence building for high-tech companies. Specifically corresponding to recognizing result, it proposes policy for the building of core competence for such companies.6. Conclusions. In accordance with the theoretical analysis and empirical analysis result, it comes to conclusion, pointing out the inadequacy of current research and direction of further research.II Main conclusionsCombined with the qualitative and quantitative analysis, through the basic theory review, with the help of correlation analysis tool, the author builds a measurement indicator system to estimate the core competitiveness of high-tech guaranty company and came to the following conclusions:1. The prospect of high-tech Guaranty Company is vast. On the one hand, guided by state policy, science technology industry parks springs nation widely, which induces the increase of demand for financing of high-tech SMEs. On the other hand, restricted by its own status and market environment, the major impediment for its development lies in financing. The prosperity of high-tech industry entails specialized service and support from guaranty companies.2. The core competitiveness of high-tech guaranty companies is not outstanding. For until recent years, have not the high-tech guaranty companies emerged in China, with short development time and the immature marketing environment, so they have not accumulate enough resources to support its core competitiveness formed.3. Capital capacity, risk management capacity, human resource management capacity, marketing capacity and innovation capacity is the key component of the core competitiveness for high-tech guaranty companies. Specifically, capital capacity is the base; risk management capacity and human resource management is the bulwark; marketing capacity is the support; innovation capacity is the impulse.