Study on Strategic Choice Timing Decision Model of Industry Conversion Enterprises

摘要

The nonreversibility of strategic investmentand nondeterminacy of information acquired from innerand outer environment put importance on the strategicchoice timing. Whether the conversion timing is chosencorrectly or not has become one of the key factorsinfluencing the conversion performance. At first, thispaper analyzes the influencing factors and randomcharacters of strategic choice timing, and establishes thetheoretic existence of optimal time through real optionapproach. And then the general principle of conversiontiming choice is systematically put forward forenterprise's sustainable development, and either theoptimal exit time of current main business or investmenttime of potential main business is determined. At last, bycomparative static analysis, it is further discussed thatthe change of organizational adaptation involving firm'sopportunity identification ability, operational capability,investment ability and assets' complementary abilityhave an effect on the strategic choice timing.