Policy“Unbind”Private enterprises will welcome the w88 live casino wave
("China Business News"2013-5-27 E5 version reporter:Zhao Xiangyang）
5month68586_86042013In order to deepen the key tasks of economic system reform in 2018, it was decided to cancel and decentralize a number of administrative approval matters.
With the further deepening of economic system reform, the state's encouragement of private enterprise w88 live casino from the policy level is strengthening. And2013The deployment of key tasks in deepening economic system reform has made2010Year5month13日发布的《国务院关于鼓励和引导民间投资健康发展的若干意见》（通称“New36items”) is more grounded.“Judging from the content of the meeting, the policies are more specific and more practical.”Professor Zhou Xuan, w88 casino of International Business, w88 casinoTell reporters.
Data shows that the proportion of private w88 live casino in traditional industries and fields in my country is still low. It only accounts for the largest share in the production and supply of electricity and heat13.6%, in education12.3%, in the health, social security and social welfare industry11.8%, accounted for in the financial industry9.6%. It is foreseeable that in the policy changes“Unbind”Next, private enterprises will usher in another round of w88 live casino boom.
Regarding the w88 live casino opportunities brought about by favorable policies, Zhou Xuan suggested that entrepreneurs should improve their ability to judge the general trend. Only by clear judgment of the general trend can they seize the historic w88 live casino opportunities that are rare. To improve the ability to judge the general trend, we must not only analyze the trend, but also analyze the structure behind the dominant trend. Why Buffett and Li Ka-shing do well in investing is because they see the market deeper and clearer than others, and make sufficient preparations in advance. When the opportunity comes, they decisively take heavy positions. China's reform and opening up has created a rapid economic growth environment for decades, and the next ten years will be a critical time for entering a consumer-oriented economy. Chinese entrepreneurs are on the stage and need to use a strategic vision to seize w88 live casino opportunities.
Conversation:w88 live casino decisions require strategic thinking
As the policy further opens up, how can corporate w88 live casino keep track of the policy pulse? How can entrepreneurs reduce decision-making errors during their w88 live casino process? How should entrepreneurs seize future w88 live casino opportunities? A reporter from China Business News conducted an exclusive interview on the above issuesProfessor Zhou Xuan, w88 casino of International Business, w88 casino。
"China Business News"：2013Year5month6Day, the State Council issued2013In order to deepen the key tasks of economic system reform in 2019, it was decided to cancel and decentralize a number of administrative approval matters. How do you interpret this policy signal?
Zhou Xuan: The new government is increasing its decentralization of administrative approval. It can be seen from the way the policy content is expressed that the government pays more attention to the enforceability and operability of the reform plan. For example, the railway w88 live casino field not only requires the formation of a reform plan for the railway w88 live casino and financing system this year, but also clearly states that the ownership and operation rights of branch railways, intercity railways, and resource development railways will be the first to be opened to social capital. This clarifies the specific direction for social capital to enter the railway construction field. For another example, we have always known that market-oriented reform of interest rates and exchange rates is a direction, but this time we have clearly proposed for the first time that we will formulate an operational plan for RMB capital account convertibility this year. It can be seen that the new policy not only has a clearer market-oriented direction, but also emphasizes specific areas of implementation. This gives enterprises a signal: the government is very determined to promote economic system reform, the speed of economic system reform may be accelerated, and some large and historic w88 live casino opportunities will appear.
"China Business News": How should Chinese enterprises adjust to changes in the policy environment when making future w88 live casino decisions?
Zhou Xuan: w88 live casino success depends on the accurate grasp of key variables. Key variables in w88 live casino decisions are divided into controllable key variables, semi-controllable key variables and uncontrollable key variables. Therefore, changes in the policy environment are to a large extent an uncontrollable key variable because a single enterprise cannot dominate the formulation of policies. The uncontrollability of policy environment variables does not mean that it cannot be dealt with. For corporate w88 live casino decisions, there should be sufficient sensitivity and judgment regarding the direction and speed of policy changes. For corporate strategies to be "in sync" with policies, the key is for companies to have a prediction of the future industrial structure and policy environment. Whoever can take a longer-term view and carry out industrial layout in advance will be able to seize the opportunity when policies are introduced. Investors should do enough homework, see the structural things clearly in advance, and fully predict various possible situations and their probabilities, so that they can calmly respond to changes in the policy environment.
For corporate w88 live casino, we can focus on several aspects: First, pay attention to the adjustment of industrial structure. w88 live casino opportunities exist when the industrial structure is transformed and adjusted. For example, my country will control coal production in the future and encourage a more environmentally friendly natural gas industry. There are great w88 live casino opportunities in various links in the natural gas industry chain. The second is to pay attention to price marketization. Some links will benefit from the return of prices to the market. For example, the marketization of electricity prices will benefit some power generation companies. The third is to pay attention to "post-urbanization". The emerging urban population will bring consumption upgrades. In the past, economic growth was driven by "city construction". In the future, more attention will be paid to the consumption trends of the growing urban population. The fourth is financial liberalization. After my country's financial market environment becomes more relaxed, the product types and asset scale of the financial industry will grow rapidly, and there will be greater w88 live casino opportunities.
"China Business News": When Chinese enterprises face domestic and foreign market opportunities, they tend to adopt “short-term, quick” speculative thinking, and rarely have true “strategic thinking”. In your opinion, what is the root cause of this kind of decision-making thinking among Chinese enterprises?
Zhou Xuan: This reflects that our country's market is not mature enough, and an immature market breeds immature decision-making thinking. In an immature market environment, whoever has high market acumen and moves quickly will have good w88 live casino returns. However, in an increasingly mature market environment, the original "short-term, flat and fast" experience no longer works. All market participants have higher market acumen. Quick action is no longer an advantage, but accurate judgment is.
Enterprise w88 live casino decisions should be "industry-based, strategy-based, and finance-based". Enterprise w88 live casino decisions must first analyze and gain insight into the future of the industry, so that the market can be seen clearly. Secondly, the enterprise must have a clear strategic intention, its thinking determines its outlet, and its positioning determines its status. Clear strategic intentions will help you achieve your position in the industry. Finally, finance is used as a tool to use capital markets and financial tools to accelerate the development of enterprises and realize their strategic intentions. Capital must serve industry and cannot put the cart before the horse. The failure of the Delong Group fully illustrates this point.
"China Business News": Judging from your years of research and observation, which domestic companies have implemented strategic thinking well in w88 live casino decisions?
Zhou Xuan: Whether it is a Chinese company or a foreign company, excellent companies all have the same characteristics: first, they have very focused strategic positioning; second, they have very strong execution. Gree Electric is a good example. Gree Electric is optimistic about the air-conditioning market, so it has been concentrating all its resources on the air-conditioning market. It has resisted the diversified temptation to enter the refrigerator market and washing machine market, and has become a world-class enterprise in the air-conditioning industry and formed its own core capabilities. Find a market worth fighting for for many years, then invest in this market with concentration, execute firmly, and you will eventually succeed.
"China Business News"：EMBAClass students are to some extent representatives of Chinese entrepreneurs. You give for a long timeEMBAClass students are taught relevant courses in the field of strategy and w88 live casino, which is correctEMBAClass students know it better. In order to avoid making strategic mistakes in w88 live casino decisions, what w88 live casino advice do you have for Chinese entrepreneurs?
Zhou Xuan：EMBAClass students often have rich practical experience in a certain field, but their knowledge structure is generally incomplete. IndustrialEMBAClass students have less knowledge of w88 live casino expertise, and those in the w88 live casino communityEMBA21008_21085EMBAClass students need to improve their knowledge structure and systematic thinking so that they can seize big w88 live casino opportunities.
For entrepreneurs to make strategic decisions, the core factor is to have in-depth and thorough research on the industry and a deep understanding of the industry. In order to equip themselves with such qualities, entrepreneurs need to continue to learn, read, and think, and increase the depth of knowledge. Only with thickness can there be height, and only with thickness can there be depth, so that they can think about w88 live casino issues from a higher industrial level. Entrepreneurs should always maintain a thirst for knowledge and an open mind.
"China Business News": At present, the w88 live casino environment in my country's real economy is not as good as before, but after the introduction of various favorable national policies, many opportunities will be created. In your opinion, how should entrepreneurs seize future development opportunities?
Zhou Xuan: There is a question of whether to look at the short term or the long term. In the short term, the w88 live casino environment is indeed challenging. In the long term, with the further acceleration of the marketization process and the gradual establishment of social insurance systems such as medical care, pensions, and unemployment, there will be a large number of strategic w88 live casino opportunities in China's transformation from an w88 live casino-based economy to a consumption-based economy. For example, with the increase in urbanization, the demand for a large number of consumption upgrades has shown rapid growth. The rapid development of Hengan Group and Yanghe Group in recent years has benefited from this consumption upgrade trend. There are also great w88 live casino opportunities in some emerging consumer industries. For example, with the rapid growth of the mobile Internet, companies such as OFILM and Goertek have grown rapidly. In addition, as market-oriented reforms further deepen, market concentration in various industries will definitely increase at an accelerated pace. The market concentration in some consumer markets in my country is still very low. Companies such as Shuanghui and Yurun have huge opportunities for industrial integration in the meat products market.
Professor Zhou Xuan has long been committed to the research of strategic management and investment decision-making issues, and is the project leader of a number of national, provincial and ministerial level projects. Professor Zhou Xuan is from the w88 casinoEMBAClass students teach "Strategic Management" and "w88 live casino Decision-making" courses, and serve as independent directors and w88 live casino consultants in many companies and w88 live casino institutions.
Zhou Xuan’s email address: Zhouxuan126@126.com
Attachment: Original report
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