The Investment Strategic Theory Of Mineral Enterprise And Application Study

Accord with the microeconomic background of world economic development appearing growth to resource requirement in coal , metal original ore ,etc. and price appearing upward by a relatively large margin, the topic of The investment strategic theory of mineral enterprise and application study have been selected to discuss. The state-run mine at present, or state-run investment mode of mineral resources is changing to form new investment upsurge , so that the mineral resources enterprise and investor need the guidance of the investment strategic theory urgently. Research of the subject has greater theory meanings to set up systematically basic theories and application mode of enterprise's investment strategy. It has greater practical value and realistic directive significance to investment activities of enterprises, especially the mineral resources enterprises in practice.On the basis of the analyses in depth on the investment strategic theory and relevant research in the domestic and international enterprise, the thesis studied the basic conception and theory of enterprise's investment strategy. Starting from the course concept of investment, position of investment strategy and form mode, the thesis explained strategic objective of investment, structure and major basic principles separately, and proposed the level structure chart of describing enterprise investment strategic emphasis. On this basis, three kinds of basic types of enterprise investment strategy: Foundation type, innovative and expanding type and two kinds of complex type foundations - innovative and innovation - expanding type was proposed.After setting up the " level type " concept of above-mentioned enterprise investment strategy, the application modes of three kinds of basic types was separately studied. According to practice of western economic development, the ratio of investment return in human should be higher than material capital investment in the era of knowledge-driven economy. Considering the loss factor of the risk on the basis of resolving the increment and expenses cost of the operating profit, the author have set up the calculation model of enterprise's manpower capital investment; Direct against the characteristic and advantage in such aspects asinstitutional framework, business procedure, culture idea and market development of transformed enterprise, the innovative investment strategy have proposed on the basis of structuring enterprise's core competence. Namely regard fostering enterprise's innovation ability as main investment orientation and goal. Invest in cluster district of the industry it is one new expansion that invest in strategic mode. The thesis has been analysed industry's cluster has such advantages as low transaction cost , external large-scale production , technological innovation and social capital ,etc. Propose that expanding enterprises should follow the advantage principle, coordinate the principle, appropriate principle and minimum principle of risk. Strategy enter route in initial stage by dynamic alliance and participate in way by shares to be comparatively sane. The opportunity is ripe, can create enterprises by oneself in the cluster district of the industry.Considered 15 main strategic factors influencing investment strategic choice of enterprise, the thesis adopt ladder-shaped cluster's function that author set up to quantitate these factors of expert opinion value and weight of variable. Also combining confirm relevant right of the index with the AHP, the thesis construct the function vector quantity of investing in the strategic cluster's choice in year. Therefore the new investment strategic cluster's choice model of mineral enterprise has been formed. In choosing dynamically, against two large-scale mineral products enterprises of one resource industry, the thesis set up its against demand function, and define concept of products effective substitute and provide it's calculation, therefore game analysis models of investment strategic choice in incomplete information has been set up. The thesis discussed four kinds of choosing result to give some important and valuable conclusions.Appling annual financial report of some listed mineral companies in 2001-2003 and some company's survey materials, the connection among enterprise's investment strategic choice and financial performance have been set up by the positive research. The conclusion and result of PIMS's study are identical basically.