Study On Internationalization Strategy Of State-owned Enterprises

Economic globalization and integration have become the characteristics of this century.With the development of the go global strategy of China,more and more geological prospecting enterprises begin to participate in the international competition and expand the international market.Although the enthusiasm of Chinese enterprises to participate in the internationalization is high,and the scale of overseas investment is large,the overall results are not very satisfactory,and only a handful of enterprises have achieved good business results.It indicates that the formulation and implementation of the internationalization strategy of Chinese enterprises need to be studied more deeply.This paper takes X Mining Company,which is a medium and small-sized state-owned geological prospecting enterprise,as the research object.After decades of development within China,this enterprise has taken the lead in traditional exploration companies which has extended the industrial chain from exploration to mining industry.Moreover,it has became the shareholder of the listed enterprises by assets reorganization,which created a direct financing channel and enhanced its profitability.On the basis of the theoretical research,this paper is focused on the systematical study of internationalization strategy of X Mining Company and try to find a direction for its internationalization strategy.Adopted by the analysis methods of GPEST,Michael Porter's five forces model,value chain model and SWOT,this paper has scientifically analyzed the opportunities,threats,advantages and disadvantages of X Mining Company and put forwarded that this enterprise should make full use of its advantages on technology of geological exploration and project management skill as well as the development cycle of mining industry to implement the internationalization strategy.During the process of implementation of the internationalization strategy,it should follow the basic principle which is capital appreciation and coordinated development of both overseas and domestic business.Meanwhile,it point out that the internal and external environment will be constantly changed during the development of the enterprise,and different strategies will be adopted at the different cycles of mining industry.Hence,the enterprise should adjust its strategy according to the variation of the environment and innovate its business modes.At last,it raised that the enterprise should establish a set ofmanagement system which can conform the requirements of modern enterprise management during the implement of internalization strategy and put forward the suggestions on organizational structure,human resource management and risk management.