Entry Mode Selection for Internationalization of Giant Chinese State Owned Companies: the Case of Entrance in Africa of China Communications Construction Company

摘要

Enterprise internationalization is an inevitable choice as open economies develop to a certain level. According to the direct investment development path theory of John Dunning, when the GNP Per Capita exceeds $3000, the net foreign investment will be positive. With rapid development over the past three decades, China's international economic position and influence have significantly improved and its GNP Per Capita has surpassed $4000, it has entered the rapid growth stage for investment development as described in Dunning's theory. At this stage, the market entry mode selection is the first issue to tackle for enterprise internationalization. This thesis takes China's giant state owned construction companies as research object and the author analyzes the internal and external environments and the strategic selection for internationalization operation, and describes the conceptions, categories, internal attributes and factors of market entry mode selection for internationalization of construction companies. This thesis focuses on China Communications Construction Company Ltd (hereinafter referred to as CCCC), representative of giant Chinese state owned construction companies, sets up the SWOT analysis and weight system and conducts strategic positioning. Based on the above strategic positioning, the author takes into consideration the national background of these companies and puts forward three assumptions and their theoretical framework. The thesis takes CCCC's entry into the market of Kenya and Angola as an example, verifies the effectiveness and application of the theoretical framework, and makes up the deficiency of the theory on market entry mode selection for enterprise internationalization, providing reference for enterprises' market entry practice.