From Incremental Market to Mature Market: Challenges and Countermeasures for Business Model Transformation of Chinese Enterprises
Year: 2024
Type: article
Abstract: In light of the deceleration in economic expansion, Chinese enterprises are faced with a multifaceted and evolving business landscape. In this context, the implementation of refined management strategies is of paramount importance for the successful transition. This paper examines the challenges and responses involved in the transformation of business models from a focus on incremental market expansion to one of adapting to the existing market. This paper examines the strategies of two e-commerce giants, Alibaba and JD.com, in response to slowing market growth. It considers how these companies have strengthened their product offerings and optimized their operations in order to maintain competitiveness. In response, Alibaba has implemented a new retail program that integrates online and offline shopping experiences, with the aim of catering to a more sophisticated and demanding consumer base. At the same time, JD.com is concentrating on leveraging advanced technologies in logistics and supply chain management to ensure efficiency and dependability. These adjustments underscore the need to develop targeted and value-added products and services, ensuring the maintenance of business growth and competitiveness in a slowing economic environment. It is anticipated that these insights will prove valuable for other businesses undergoing comparable market transitions.
Author: Tianyu Ye
Institution: Pennsylvania State University
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4405591616