| dc.description.abstract | The petrochemical industry has always been the economic lifeblood of Taiwan′s development. After the rise of Formosa Petrochemical and its rivalry with CPC, the industrial competition between the two leading companies has profoundly affected the future development of Taiwan′s petrochemical industry.
This study uses the ＂ Structure-Conduct-Performance Model＂ analysis in industrial economics to explore the current organizational development and performance of Taiwan′s major production companies in the PVC industry, one of the five commonly used resins. The results show that the three major domestic PVC manufacturers and their business groups have roughly completed the construction of a vertically integrated supply chain system. Many raw materials can be purchased through the group′s internal procurement model, reducing the threat of supplier bargaining. Due to the rise in environmental awareness, the market for plastic products industry in Taiwan has shrunk. Companies should think about how to create value for customers to open up new markets and create business opportunities. Such as: sustainable plastic industry, biodegradable plastic, etc.
This study found that even though they have different competitive strategic positioning and core focus, the three PVC manufacturers can all make good use of their own unique resources to seize their market positioning and corporate value.
It can be seen that in the strategic planning of the future market, related industries prioritize the differentiation of innovative products, design and develop products by discovering unmet market needs, and make good use of their own technological capabilities to design functional differentiation of differentiated products.
Taiwan′s industries are once again transforming and upgrading, and the petrochemical industry is not only the foundation for Taiwan′s development, but its products have already penetrated into everyone′s food, clothing, housing and transportation.
As ESG gains prominence, it is crucial for companies to prioritize genuine and meaningful integration of ESG principles into their operations. Companies must embed ESG considerations into their core strategies, engage with stakeholders, set ambitious targets, and regularly measure and report their progress. | en_US |