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Enhancing Strategic Transformation and Competitiveness of Geological Exploration Enterprises in the Context of Supply-side Reform

In: Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023)

Author

Listed:
  • Yao XIA

    (China Institute of Geo-Environment Monitoring)

Abstract

This paper proposes key measures to achieve these objectives, including strengthening technological innovation capabilities, expanding market development capacities, enhancing talent development, improving project management skills, and fostering a positive corporate culture. By introducing advanced technologies, investing in research and innovation, fostering collaborative partnerships, and promoting technology transfer, geological exploration enterprises can enhance exploration efficiency. Proactively understanding market demands, cultivating close collaborations with clients, and providing customized solutions enable enterprises to expand their market share. Additionally, focusing on talent cultivation, attracting high-quality professionals, offering attractive career development opportunities and benefits, and stimulating innovation potential contribute to enhancing overall competitiveness. Strengthening project management, establishing robust project management systems and processes, and effectively mitigating risks ensure successful project outcomes. Lastly, nurturing a positive corporate culture that encourages innovation, teamwork, and enhances employee performance plays a vital role. By implementing these comprehensive measures, geological exploration enterprises can successfully undergo strategic transformation, achieve sustainable development, adapt to the requirements of supply-side reform, and enhance their core competitiveness.

Suggested Citation

  • Yao XIA, 2024. "Enhancing Strategic Transformation and Competitiveness of Geological Exploration Enterprises in the Context of Supply-side Reform," Advances in Economics, Business and Management Research, in: Luiz Moutinho & Carlos Flavian & Rita Yi Man Li & Qiwei Zhou (ed.), Proceedings of the 2023 International Conference on Management Innovation and Economy Development (MIED 2023), pages 109-115, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-260-6_14
    DOI: 10.2991/978-94-6463-260-6_14
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