Research On The Internationalization Strategy Of Inner Mongolia Mining Development Co., Ltd

As China's economy has entered a new normal,the domestic economic growth has slowed down,and the demand for mineral resources has dropped sharply.Since 2012,the investment in the domestic mineral exploration industry has continued to decline,and exploration capacity has apparently been surplus.Inner Mongolia Mining Company,as a relatively influential state-owned mining exploration and development company in the region,has started to conduct international business in the context of the downturn in the domestic market.In 2017,the global mining situation showed signs of bottoming out.With the return of the manufacturing industry in developed countries and the stable development of emerging economies,the world economy slowly recovered,and the world mineral exploration input rose rationally,and the mineral resources sector brought by the “One Belt and One Road” strategy.The development cooperation will also bring major development opportunities for China's mineral exploration and development companies.How to more comprehensively study and judge the complex external environment and the company's own conditions,reshape the company's internationalization strategy,and gain development advantages are particularly important.This article takes the Inner Mongolia Mining Company's internationalization strategy as the research object.Based on the analysis of domestic and foreign relevant literature,it uses the relevant theories of enterprise strategic management and enterprise internationalization,and adopts systematic analysis methods,through its external environment and industry characteristics.The in-depth analysis pointed out that in the process of internationalization,the company is faced with the global mining rational return,the improvement of the investment environment of important mineral countries along the “One Belt and One Road” region,and the development opportunities for China's “going out” environment,while facing the environmental protection of the mining industry.The ever-increasing cost,the rise of resource nationalism in some regions,the increase of barriers to entry,and the threats and challenges of disorderly competition caused by the absence of top-level design in our country.Through in-depth analysis of its own resource conditions and capabilities,it has concluded that the company has strong competitive advantages in terms of technical level,technical professionals,and financial status,but in risk control,financing channels,multinational management personnel,and multinational operations.There are major deficiencies in areas such as localization management.Using the SWOT matrix analysis method,four different strategies have been formed.According to the company's current international development needs,and comparing the advantages and disadvantages of various options,it is concluded that the company can currently focus on the growth strategy and torsion-type strategies as an aid,and It is pointed out that the maintenance of technological leadership,the search for high value-added markets,the expansion of diversified financing channels,and the strengthening of risk control capabilities are the key concerns of the implementation strategy.Finally,from the five aspects of organizational structure,operation,management system,human resources and corporate culture integration,the safeguard measures in the implementation of the internationalization strategy are proposed.Through the above studies,we hope to inspire and draw lessons from the future internationalization of Inner Mongolia Mining Corporation or similar companies.