The study of diversification strategy : drives and conditions of its implementation in China pharmaceutical corporations

University of Macau === Institute of Chinese Medical Sciences

Bibliographic Details
Main Author:	Liang, Chen
Language:	English
Published:	University of Macau 2010
Subjects:	Medicinal Administration > Institute of Chinese Medical Sciences Pharmaceutical industry > China Diversification in industry
Online Access:	http://umaclib3.umac.mo/record=b2454932

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spelling	ndltd-MACAU-oai-libdigital.umac.mo-b24549322013-01-07T23:06:25Z2010http://umaclib3.umac.mo/record=b2454932UM_THESESUniversity of MacauInstitute of Chinese Medical SciencesUniversity of MacauMedicinal Administration -- Institute of Chinese Medical SciencesPharmaceutical industry -- ChinaDiversification in industryengLiang, ChenThe study of diversification strategy : drives and conditions of its implementation in China pharmaceutical corporationsDrives and conditions of its implementation in China pharmaceutical corporationsAfter analyzed the cases and financial statues of GPC, BYS, 999, TRT, HW, and CR by Altman Z-Score model, Chandler‟s model, and principal-agent theory, this thesis have got the following results: As long as the corporation does not go bankrupt for a long enough period of time, diversification strategy is inevitable. This will drive all the corporations that want to hold for a long enough period of time to employ diversification strategy; economies of scale‟s insufficiency and economies of scope‟s advantage can also be a driving force; external factors like policy, market opportunities and culture factors are driving forces as well; besides, when a corporation is lack of supervision, the principal-agent problem can drive the corporation employ this strategy, too. The conditions for successfully employing this strategy include: the corporation‟s strength must be high enough to fit this strategy; the corporation‟s management capacity must be able to control so many departments in different industries; the supervision to the agents like CEOs must be effective enough. Besides, even though external factors are driving forces, but those factors cannot be the decisive factor for the strategy‟s success.
collection	NDLTD
language	English
sources	NDLTD
topic	Medicinal Administration -- Institute of Chinese Medical Sciences Pharmaceutical industry -- China Diversification in industry
spellingShingle	Medicinal Administration -- Institute of Chinese Medical Sciences Pharmaceutical industry -- China Diversification in industry Liang, Chen The study of diversification strategy : drives and conditions of its implementation in China pharmaceutical corporations
description	University of Macau === Institute of Chinese Medical Sciences
author	Liang, Chen
author_facet	Liang, Chen
author_sort	Liang, Chen
title	The study of diversification strategy : drives and conditions of its implementation in China pharmaceutical corporations
title_short	The study of diversification strategy : drives and conditions of its implementation in China pharmaceutical corporations
title_full	The study of diversification strategy : drives and conditions of its implementation in China pharmaceutical corporations
title_fullStr	The study of diversification strategy : drives and conditions of its implementation in China pharmaceutical corporations
title_full_unstemmed	The study of diversification strategy : drives and conditions of its implementation in China pharmaceutical corporations
title_sort	study of diversification strategy : drives and conditions of its implementation in china pharmaceutical corporations
publisher	University of Macau
publishDate	2010
url	http://umaclib3.umac.mo/record=b2454932
work_keys_str_mv	AT liangchen thestudyofdiversificationstrategydrivesandconditionsofitsimplementationinchinapharmaceuticalcorporations AT liangchen drivesandconditionsofitsimplementationinchinapharmaceuticalcorporations AT liangchen studyofdiversificationstrategydrivesandconditionsofitsimplementationinchinapharmaceuticalcorporations
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The study of diversification strategy : drives and conditions of its implementation in China pharmaceutical corporations

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