Empirical Research On The Effects Of Recourses On Strategic Change Under Turbulent Environment

The research upon strategic change is an introductive and frontal subject in the international managerial strategy field. Although for more than 30 years strategic change has been occupying an important position in the broad strategic management research area, but existed researches still show the following insufficiencies: researches on how organization resources affects strategic change are superficial. the researches on whether and how resources endowments affects strategic change are ignored; Moreover, existing researches are mainly carried out in western countries where the market economy is mature, meanwhile, similar studies are rarely done directing at countries like China where the market economy is imperfect and an economic reforming stage is undergoing. Therefore, the applicability of effects over strategic change made by resources is worth deeper investigation in special environment as in China.This article is performed under China's unique dynamic environment by studying the nature of strategic change and with the method of "strategic group", strategic change is defined. Based on existed researches, proper classification of strategic change is made organization resources affecting considering features of organization resources. Hypothesis of the possibility of how organization resources affect strategic change is made from the integrated aspect of resource view and enterprise competition theory. Using longitudinal statistic data of the Chinese medicine manufacture industry from 2002 to 2004 year, empirical research is done over supposition of the above theoretical analysis with the logic regression analysis methodThrough empirical research, following conclusion is made: under a 95% confidence interval, the financial property has a tight positive relation with the possibility of strategic change.While strategic change behavior is more likely to happen with a higher property ratio of debt to net worth, the organization craftsmanship has a tight negative relation with the possibility of strategic change. Other independent variables' influence over strategic change is still not remarkable.