Empirical Research On The Impact Of Manufacturing Services On Corporate Performance

At present,with the rapid development of information technology,cutting-edge technologies such as mobile Internet,big data,cloud computing,and artificial intelligence have gradually matured,and have been widely used in the industrial manufacturing field,which has greatly promoted the transformation and upgrading of the manufacturing industry.At the same time,the development of the global industrial economy and the diversification of customer demands have led more and more manufacturing companies to improve their competitiveness through the integration of products and services,and thus obtain higher profits.The service-oriented manufacturing is centered on the shift from manufacturing to service-based services,and is based on the integration of product production and service provision.This integration is an important way for manufacturing companies to enhance the competitiveness of enterprises by enhancing the service functions of all links in the industry chain.The transition from manufacturing to service has become an important driving force for manufacturing companies to improve their innovation capability and business efficiency.Service-oriented manufacturing has become a development direction for the manufacturing industry in the future.At present and for some time to come,it is an important period for the vigorous development of China's service-oriented manufacturing industry and an important node for accelerating the transition from production to production services in the manufacturing industry.For this reason,this paper first analyzes and summarizes related theories at home and abroad on the relationship between manufacturing service and manufacturing service implementation and corporate performance,and provides theoretical support for the follow-up study of the article.Then explained the concept and connotation of manufacturing service,and expounded its theoretical basis,driving factors and evolution process from the perspective of how the implementation of manufacturing service strategy influences corporate performance.The necessity of implementing the service-oriented manufacturing strategy was analyzed,and the relationship between service-based manufacturing and corporate performance was analyzed.Then,through the measurement methods and indicators of the extent of manufacturing service implementation,the level of implementation of service strategies for electrical machinery and equipment manufacturing was studied.At the same time,based on the current debate in the academia on the relationship between service strategy and corporate performance,this paper selected 95 companies listed on the A-share market for electrical machinery and equipment manufacturing,and manufactured 285 samples from 2014-2016 data.The Empirical Analysis of the Effect of Service Industry on Business Performance.Taking the degree of service provided in the previous article as an independent variable,it examines the relationship between it and the market performance and financial performance of the company,and reveals the impact of the service of manufacturing companies on the different performance of the company.The analysis shows that,in the early implementation of the service strategy for electrical machinery and equipment manufacturing,the degree of service has a positive effect on the market performance of the company,and has an adverse effect on financial performance.This can be explained by signal theory and pluralism.,and proposed that with the deepening of the service manufacturing industry,and the extension of the time,the company's revenue will make up for the cost of the company,and ultimately will promote the promotion of financial performance conjecture.In the end,the research of this paper is summarized,the deficiency is summarized and analyzed,and the future research direction is put forward.