The fall of Sanjiu

Author: Xu Mingtian
Publisher:
Publish Date: 2006-10-01
Features: The rise and fall of Sanjiu is another condensed specimen of business enterprise failure. Through the 20-year development trajectory of the Sanjiu Group, the author discovers the critical issues and obstacles facing Chinese enterprises: First, property rights issues and the related corporate governance structure problems; Second, the challenges of "growing bigger and stronger" alongside diversification and internationalization operations; Third, capital operation issues and the resulting financial chain security risks. The focus of case studies is not always to provide answers or solve problems, but rather to reveal and raise issues. The Sanjiu Group holds significant symbolic value. In this case book, the author demonstrates to us a series of tactical successes achieved by the Sanjiu Group, along with the many related factors surrounding these successes, as well as the detailed trajectory of the Sanjiu Group's eventual descent into a comprehensive crisis.