Lu LIU Majid Ghorbani Hai GUO
2016, 9(2): 100-118.
Under the background of transition economy,diversification is an important strategic selection for coping with the development stress.However,when it comes to the question of“why implement the diversification strategy”,it is still unclear.This paper holds that it is an important way to resolve the existing dispute through deep exploration of the motivation of SOE diversification.Consequently,this paper adopts the case study method to explore the motivation of SOE’s diversification based on the special context characteristics of transition economy,and a consideration of the special enterprise traits of SOE.Specifically,this paper takes the example of Henan Yimei Group,and uses the method of triangulation to summarize the main diversification motivation of SOE within the context of transition economy,based on the coding analysis of interviews and documentation data.The research results show that the diversification of Yimei Group is pushed by the internal motivation of utilizing the resources,improving the power of main industry,optimizing the portfolio,and fulfilling the social responsibilities;and the external motivation of responding to the government policy and reacting to the situation of industry.This paper verifies the proposition:under the background of transition economy,compared to other internal motivations,the motivation of utilizing the resources,and improving the power of main industry is stronger;compared to other external motivations,the motivation of responding to the government policy is stronger.We also put forward the comprehensive analytical model of SOE’s diversification under the background of transition economy.