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Strategic Choices for Energy Enterprise Survival and Development: An Analysis of Market Power, Innovation Strategy, and Sustainable Development of Major Multinational Oil Companies
Guo, C.; Zhang, J.; Li, N. A New Perspective on Strategic Choices for the Survival and Development of Energy Enterprises: An Analysis of Market Power, Innovation Strategy, and Sustainable Development of Major Multinational Oil Companies. Sustainability2024, 16, 3067.
Guo, C.; Zhang, J.; Li, N. A New Perspective on Strategic Choices for the Survival and Development of Energy Enterprises: An Analysis of Market Power, Innovation Strategy, and Sustainable Development of Major Multinational Oil Companies. Sustainability 2024, 16, 3067.
Guo, C.; Zhang, J.; Li, N. A New Perspective on Strategic Choices for the Survival and Development of Energy Enterprises: An Analysis of Market Power, Innovation Strategy, and Sustainable Development of Major Multinational Oil Companies. Sustainability2024, 16, 3067.
Guo, C.; Zhang, J.; Li, N. A New Perspective on Strategic Choices for the Survival and Development of Energy Enterprises: An Analysis of Market Power, Innovation Strategy, and Sustainable Development of Major Multinational Oil Companies. Sustainability 2024, 16, 3067.
Abstract
With the economic recession and the deterioration of the ecological environment becoming more and more prominent in the world, the sustainable operation of enterprises is facing the most difficult choice in history. For each responsible enterprise, it is crucial to choose the market power expansive strategy that can improve the realistic viability or the technological innovation strategy that can improve the future development potential. This is of great significance to reduce the negative external effects of the corporate social environment and ensure their sustainable development. In this paper, we select the data of 18 large listed petrochemical companies from 2003 to 2018 as samples and construct a linear regression model for empirical analysis. Meanwhile, we put forward more practical business management strategies for the sustainable development of petrochemical enterprises in developing countries in further research.
Keywords
market power expansive strategy; technological innovation strategy; sustainable development of enterprises; firm sustainable total factor productivity; negative data in DEA
Subject
Business, Economics and Management, Economics
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
