中国上市公司协会会长宋志平：不少企业兴于创新，衰于盲目扩张

Core Viewpoint - The discussion emphasizes the need for companies to shift from blind expansion to high-quality, value-driven development, drawing parallels between historical patterns of great powers and corporate strategies [2][3][4] Group 1: Business Development Strategies - Companies should transition from extensive scale expansion to intrinsic development, focusing on quality and efficiency rather than just growth [2] - The core focus should shift from merely becoming larger to enhancing core competencies and improving profitability, avoiding blind scale expansion [2] - Emphasis on specialization for small and medium enterprises, while larger firms may consider related diversification, but only a few large investment firms should pursue broad diversification [2] Group 2: Competitive Strategies - A shift from cost-driven strategies to value-driven approaches is necessary, as industries face severe overcapacity, requiring differentiation rather than just cost leadership [3] - Pricing strategies should be led by management rather than sales personnel to avoid detrimental price cuts that harm profitability and cash flow [3] - Companies should focus on maintaining stable prices, even if it means reducing sales volume, to ensure profitability [3] Group 3: Industry Competition - The need for a transition from vicious competition to healthy competition is highlighted, where firms compete based on technology, quality, brand, service, and reasonable pricing [3] - Companies are urged to avoid destructive price wars and focus on creating value through healthy competition, which is essential for industry sustainability [3] - The importance of prioritizing industry interests over individual company interests is emphasized, as the health of the industry is crucial for all players involved [3][4] Group 4: Overcoming "Involution" in Competition - Recommendations include regulating local government economic activities to prevent blind investments in overcapacity, which distorts market signals [4] - Promoting industry self-discipline with support from the government, associations, and collaboration between large and small enterprises is essential [4] - Strengthening anti-unfair competition measures is critical, especially in industries characterized by low concentration and fragmentation [4] - Encouraging mergers and acquisitions to increase industry concentration can help facilitate orderly competition [4]