However, the real crisis for Chinese companies may not lie in this, but in the neglect of cultivating their sustainable competitive advantages. As we all know, a mature multinational company must attach importance to establishing core competitiveness that matches its comparative competitive advantage. In other words, you must not only focus on consolidating and developing existing core business, but even maximize existing competitive advantages. However, We must pay more attention to establishing new businesses that can ensure that we are in a leading position in the market competition in the next 10 or even 20 years, so that enterprises can maintain sustainable development while absorbing the old and incorporating the new. However, judging from the current situation of Chinese enterprises, not many enterprises have truly regarded the development of forward-looking business as the top priority to create sustainable competitive advantages. Many enterprises often start business only when their existing business can no longer support their development. They began to make up their minds to open up forward-looking businesses; but at this time, their world-class peers may have already built an insurmountable wall in these business areas. Partial breakthroughs and evergreen foundations
It can be said that the gap between Chinese multinational companies and their world-class counterparts is comprehensive. But the gap is not terrible. As long as we can find a suitable catching-up strategy and formulate scientific leap-frog tactics, we can completely narrow this gap. Using China's economic and technological strength, concentrating advantageous resources, aiming at the world's advanced level, increasing investment in some key areas, and striving to achieve local breakthroughs, perhaps this development model is what Chinese multinational companies should try. Of course, achieving partial breakthroughs is only the first step for Chinese multinational companies to mature. For Chinese companies that are committed to becoming world-class players, they must not only make competitors feel uneasy, but also win the respect of competitors and become evergreens in the market. tree, otherwise it is just a flash in the pan.