Keep One Step Ahead and Face the Future——Chen Jie,Vice President of ZTE Corporation,Talks About ZTE's NGN Development Strategy

Editor’s Note:In the recent two yearssince ZTE’s NGN prod-uct series were put intomarket,ZTE has maderemarkable achieve-ments in the industry. Al-though a leading vendorin China, ZTE has beencontinuously doing busi- ness in a prudent and practical way,which has been recognized by govern-ment authorities, carriers and customers.In order to learn more about ZTE’s NGNdevelopment strategy,we interviewedChen Jie, ZTE’s vice president and gen-eral manager of Network Division, aboutZTE’s NGN development strategy, R&Dadvantages and progress.

Restructuring and Sustainability-Corporate Strategy of Commercial Bank in Thailand： A Siam Commercial Bank

This article presents a case study of the Siam Commercial Bank （SCB） by investigating why and how SCB implemented organizational restructuring during the uncertain economic environment, and gives an overview of the Thai commercial bank industry. This article presents and discusses SCB＇s strategy implementation in its organization during 1997-2010. This case study is aimed to provide some guidelines for other companies in developing and in choosing strategies for their business sustainability in the global change, and in choosing the implementation of their organization structure for competitive markets.

Influences of Institutional Pressures on Corporate Social Performance： Empirical Analysis on the Panel Data of Chinese Power Generation Enterprises

Institutional theory has proved the influence of institutional pressures on organization practices and structures. Meanwhile, with the soaring use of corporate social performance （CSP）, more researchers are focusing on exploring the relationship between institution pressures and CSP which is still not completely understood yet. Against this background, the paper aims to fill the gap through generally hypothesizing that different types of institutional pressures individually and collectively affect CSP via the mediating effect of corporate environmental strategy. First, based on the previous and extensive literature review, the theoretical framework and research hypotheses are constructed. Next, canonical correlation analysis about the panel data of 51 Chinese large-scale power generation enterprises from 2004 to 2009 is made to test the relevant hypotheses. Finally, based on the data analysis results, the study draws some conclusions and policy implications for promoting the CSP of Chinese enterprises, including enhancing the steering function of government policies and industry regulations and emphasizing the intermediary role of media.

China＇s Industrial Transition and Upgrade to Sustainable Growth Model

China＇s transition to sustainable growth model in the coming years depends on the ability of its industrial sector to adapt and innovate. In the llth Five-Year Plan period, China entered the intermediate stage of industrialization and crossed the threshold to become a middle-income country. China＇s current industrial structure, therefore, which is still characteristic of early-stage industrialization, must transition to support intermediate and advanced industrialization. Although resource constraints will pose certain hurdles for this transition, the pressure of these constraints will ultimately serve to catalyze, rather than impede, sustainable industrial growth. Furthermore, industrial transition and upgrade will mean not only changes for the nation＇s industrial structure as a whole but also rethinking the strategic possibilities and direction of industry at the enterprise level. The key to success rests on China＇s ability to improve indigenous development and boost competitive advantage in international markets through the use of new, advanced technologies.

A Decision Support System for Analyzing and Evaluating Merger and Acquisition Strategies

A computer aided decision support system (merger and acquisition analyzing and evaluating-decision support system (MAAE-DSS)) for analyzing and evaluating corporate merger and acquisition (M&A) strategies, was proposed. Strategic management tools such as scale index-market growth rate matrix (S-M matrix), industrial attraction-corporate strength matrix (I-S matrix), market growth rate-market occupancy matrix (G-O matrix), and life cycle-competitive position matrix (L-C matrix), were applied in the MAAE-DSS with its own data base (DB), model base (MB), method base (MeB), and knowledge base (KB), in order to support the management bureau in the formulation of M&A strategies.

Managing Public Relationships via Corporate Blogs

This research explored the organization＇s public relationship management practices in corporate blogs on the web. Content analyses of corporate blogs of large Korean firms over two years in a longitudinal design revealed that relationship management strategies of openness, positivity and sharing of tasks were featured relatively strongly, whereas networking, access, and assurances were enacted relatively weakly. Further, most Korean corporate blogs utilized a tightly controlled top-down strategy. In addition, the use level of relationship management strategy was tied to the kind of corporate blogging strategies, but not to the industry type of the firms. Although utilized the same social media device, corporate blogs enacted different purposes and relational management activities in different countries, indicating that corporate blogs are largely cultural and driven locally.

Goyo cashmere company, Mongolia

In general the Goyo firm is one of best Cashmere Companies in Mongolia which is already exports their goods and services overseas in market throughout the world, which means it has international trade and finance. In this report it is discussed the Goyo Cashmere Company and the Cashmere industry in Mongolia. And it is recommended one new business idea which makes the Goyo Cashmere Company competitive in the market and gives some the new opportunities that no other Cashmere firm have. And more on it is discussed strategies entering the overseas market with its related risks and ways of reducing the risks. For conclusion the Goyo cashmere according to the new idea it can successful in the market.

An Empirical Study on the Relationship between Diversification and Corporate Performance

Based on the earlier work, this paper re-examines the relationship between diversification and corporate performance and finds a statistically significant U-shape relationship in the Chinese market. The result is tested and confirmed for robustness by controlling for the firm size, age and indusu＇y effects. The findings do not support the notion that diversification is a return-reducing strategy and the understanding in the western economic and financial literature about diversification performance may not be automatically applicable to the case of China.

Do common owners influence corporate social responsibility? Firm-level evidence from China

Using a sample of Chinese A-share listed companies from 2007 to 2018,this article explores the influence of common owners on corporate social responsibility(CSR).The results show that common owners significantly promote CSR investment,indicating that increased CSR represents a bright side to common owners,in contrast to their anticompetitive effect.Further analysis shows that the nature of state ownership significantly weakens the positive relationship between common owners and CSR investment.Prospector firms strengthen the positive influence of common owners on CSR investment,whereas defender firms weaken the effect.Moreover,common owners benefit from increasing CSR investment,and co-owned firms benefit by easing their financial constraints when they invest or increase their investment in social responsibility.The findings enhance the outstanding of how common owners affect corporate behavior and enrich the literature on common ownership and CSR investment.

AI,the internet of legal things,and lawyers

A great deal of has been written about the challenges of a legal profession that resists change and sub-optimizes clients’benefits,and even more ink has been spilled on the opportunities and threats of AI.As laws are falling further behind an accelerating,dynamic world,the gap between businesses and opaque legal functions widens with the latter being perceived often as fire-fighting cost centers.This article calls out the opportunity of AI,specifically machine learning,and its impact on decision making as an opportunity for business leaders to elevate lawyers to contribute further to corporate strategies and operations.Surveying the implications of machine learning through the lens of each element of decision making,the article aims to bring the relevance of today’s ubiquitous transformations to the legal function.It also reminds business leaders that the legal function will need some help,such as corporate legal strategists,to drive and sustain change that resides in the intersection of law,business and technology.

Sovereign Wealth Diversifying State Coffers

The State Investment Corporation, China＇s soon-to-be open sovereign wealth fund, is the newest power player on the global market. Investors await anxiously signs of its investment strategy