Research On The Cultivation Path Of Sustainable Competitive Advantage Of China’s Manufacturing Single Champion Enterprises

Creating a strong manufacturing country is a realistic demand to further deepen the structural reform on the supply side,and an important grip to promote high-quality economic development.Establishing and improving the gradient cultivation system of high-quality enterprises is of great practical significance to promote the high-quality development of manufacturing industry,and the single champion is an important part of the gradient cultivation system of high-quality enterprises.Based on this,China’s Ministry of Industry and Information Technology has issued the “Manufacturing Single Champion Enterprise Cultivation and Enhancement Special Action Implementation Plan”（MIIT Industry [2016] No.105）to select China’s champion class enterprises in manufacturing segments year by year since2016,to guide manufacturing enterprises to focus on innovation and product quality improvement,and to promote China’s industry as a whole to move to the middle and high end of the global value chain.The research of MIIT shows that the quality and efficiency of manufacturing single champion enterprises far exceed the level of general manufacturing enterprises,and promote the overall improvement of industrial chain and industrial cluster level by playing their own advantages.Therefore,taking the manufacturing single champion enterprises selected by the Ministry of Industry and Information Technology of China as the research object,we analyze and refine the important sources of their sustainable competitive advantages in domestic and even global markets,which is of great practical significance to accelerate the transformation and upgrading of manufacturing enterprises in China and promote the high-quality development of manufacturing industry.This paper composes and summarizes the connotation characteristics and main functions of manufacturing single champion enterprises,systematically describes their industrial and regional distribution status,reveals the qualities of this batch of enterprises with sustainable competitive advantage,and explores the influencing factors of sustainable competitive advantage of single champion enterprises in China.Meanwhile,using the research data of the first three batches of 193 single championenterprises from 2016 to 2018,the influence of profitability,innovation ability,market control,and product focus ability on the sustained competitive advantage of enterprises was empirically tested through OLS regression models,and the following conclusions were drawn:（1）Controlling for industry effects,enterprise size,ownership attributes,and location-oriented policies,a significant positive relationship was detected between firm profitability and sustained competitive advantage.（2）The innovation capability of enterprises did not show a significant relationship under the detection of several variables.（3）The export ability of enterprises and product focus ability,on the other hand,showed a significant negative relationship.The above results indicate that the good financial status of enterprises is conducive to maintaining their sustainable competitive advantage,but the current advantage gained by China’s manufacturing single champion enterprises is not achieved through innovation.The current mode of opening overseas markets is not conducive to the benign development of sustainable competitive advantage,and the unreasonable allocation of domestic and overseas markets has a direct inhibitory effect on the transformation and upgrading of enterprises;the ability of enterprises to focus on products,i.e.the growth years of enterprises,is not an absolute condition for the cultivation of sustainable competitive advantage.In addition,through a case study of Haitian Plastics Machinery Group,an outstanding manufacturing single champion enterprise,this paper further analyzes and argues the formation,development and influencing factors of the sustainable competitive advantage of manufacturing single champion enterprises,and on this basis explains the cultivation path of the sustainable competitive advantage of manufacturing single champion enterprises,so as to further improve the competitive advantage of manufacturing single champion enterprises under the new situation.It provides countermeasure suggestions to further enhance the competitive advantages of manufacturing single champion enterprises under the new situation,and also provides experience inspiration for the transformation of high-quality development of manufacturing enterprises in China.