Research On Development Strategy Of M State-owned Construction Enterprises Based On Dynamic Capabilities Theory

With the rapid development of reform and opening up,the construction industry has become one of the pillar industries in China.However,under the influence of factors such as the transformation of economic development mode,the two-carbon target and the gradual saturation of traditional business,the construction industry is facing industry changes.Construction enterprises need to respond to environmental changes and reshape their core competitiveness through strategic changes.Based on the dynamic capabilities theory,the business problems existing in M state-owned construction enterprise include limited traditional business,limited traditional project contracting business,backward development of emerging business and overseas business,difficult to promote business development of various factors such as talent,technology and capital,unbalanced and difficult to coordinate business development of various component companies and sectors.Through internal and external environment analysis,expert questionnaires,and various data verification,the development strategy proposed for M state-owned construction enterprise is the transformation and upgrading of the main construction business to high-speed rail,urban rail transit and new infrastructure,focusing on the development of investment and financing,survey and design,testing and engineering supervision diversified businesses,actively expanding overseas business,and actively cultivating environmental protection business.At the same time,strategic change safeguard measures proposed for the company is improving environmental perception ability and strengthening business response to the environment,improving factor acquisition ability and strengthening various factors’ support for strategy,improving business restructuring ability and strengthening business collaborative development,so that the company can actively respond to environmental changes and maintain the company’s sustained competitiveness.