Latest Lessons from the Bankruptcy of State-Owned Enterprises (SOEs) in China: An Interpretative Structural Model (ISM) Approach
نویسندگان
چکیده
State-owned enterprises (SOEs) play an important role in China. During the transformation from a planned to market economy, plenty of Chinese SOEs fell into trouble. Dalian machine tool group (DMTG) who was once leading enterprise industry bankrupted 2017. To explore causes its collapse, we employ interpretative structural model (ISM) investigate reasons for failures multi-aspect and at different levels. The results indicate that root cause this bankruptcy is top manager’s mismanagement; lack reasonable strategic positioning long-term product planning are also factors DMTG’s failure, problems human resource management accelerated bankruptcy. Findings provide lessons be learned offer managerial insight SOEs.
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ژورنال
عنوان ژورنال: Discrete Dynamics in Nature and Society
سال: 2022
ISSN: ['1607-887X', '1026-0226']
DOI: https://doi.org/10.1155/2022/1109442