Abstract:

Living in a dramatically competitive environment, our large state-owned foreign trade enterprises(LSOFTE)are facing severe challenges towards their traditional operational modes and strategic frameworks.Thus, reestablishing their positions in the value chain, and strengthening and expanding their existing value chain, are LSOFTE's main directions of strategic adjustments.This paper, based on theories of strategy management and value chain management, attempts to formalize a comparatively complete theory on Chinese LSOFTE's strategic reconstruction, offering theoretical and practical answers to the question of how to realize LSOFTE's' goal of reestablishing their places in the value chain.

Key words: value chain, large state—owned foreign enterprise, strategic transition, core competence