Improve The Core Competitiveness Of China Petrochemical International Company

This essay summarizes the core competence at first. It expatiates upon itscharacteristics and effects and puts forward the concept of the corecompetence of China Petrochemical International Company Limited(shortened form: Sinopec Int'l).Secondly, it analyzes some international andChinese instances, summing up some experiences. Finally, it integrates thetheory with practices and analyzes the ways to improve the core competence,bringing forward suggestions.The core competence can base on "resource standpoint", "capabilitystandpoint", system, consumer overplus maximization, technology innovationor economy standpoint.Its characteristics are valuable, local, expanding, special, aggregate,timely.The effects of improving the core competence is improving theenterprise's competitive predominance, ensuring the continual growth of theenterprise's.Sinopec Int'l has rich human resources and project managementexperiences.Foreign enterprises can improve the core competence by merging,knowledge or channels, etc.Chinese enterprises can improve the core competence by product,system or management innovation, etc.Sinopec Int'l can improve the core competence by ideology, strategicpartner, human resources, information construction, enterprise's culture,learning society.After entering WTO, petrochemical industry faces severe competition. It isan important task to achieve competitive advantage. To improve the corecompetence is a way out. In foreign trade, we probe into the core competence,especially the competence of Sinopec Int'l's. I offer a few commonplaceremarks by way of introduction so that others may come up with valuableopinions. I hope this essay has some use for coterie's reference.