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Study on the internal legalization process of strategic change for a large number of ultra-large enterprises in China.

This paper takes formulation process of Suning Appliance Group’s 10-year strategy (2010–2020) as the research case, designs the research issues, propositions and analysis unit of the case study, and uses the data collection and analysis methods in the grounded theory to realize the theoretical development from data to viewpoint conceptualizing and to proposition categorizing.

There are four key concepts that affect the judgment of overall strategic legitimacy of super-large enterprises: Emerging-market opportunities and strategic operational positioning, legitimacy perspective mainly manifests as legitimacy judgment of strategic direction within organization. Positioning of core resources (including intangible resources) and their value identification methods or value evaluation criteria, the legitimacy perspective is mainly reflected in the organization's internal legitimacy judgment of functional planning, especially implementation path. The impact factors of the key performance of each SBU are positioned, and the legitimacy perspective is mainly reflected in the organization’s internal judgment on the legitimacy of strategic supporting measures, especially the resources needed for the implementation of the strategy and capacity development. The periodical strategic objectives and performance measurement indicators of each SBU are mainly reflected in the organization’s internal legitimacy judgment on strategic alignment and specific action plans for strategic operational units. The legitimacy of these four key concepts is strongly influenced by the rationality of these strategic concepts, which are closely related to their shaping patterns driven by right-brain and left-brain thinking modes.

This case is a longitudinal study of the strategic decision-making process, not a longitudinal follow-up of the actual implementation of the strategy. In addition, given that the case enterprise was facing the emerging market at that time and focused on pushing firms to seize opportunities, not much research has been done on the impact of external legitimacy on the strategic formulation process, a variable that is increasingly being focused on today.

This model has guidance significance and practical demonstration role for a large number of enterprises that are implementing the “+Internet” strategic change under traditional offline operation.

According to the summary of the connection between data and propositions in several rounds, this paper constructs a theoretical model of left and right brain thinking mode driving key concepts to achieve the internal legalization process of strategic changes.

In the analysis process, the legalization theory and the sense-making method are introduced into enterprises’ strategy making process. Based on this analysis framework, this paper analyzes in detail that the top decision-making level and the middle and high executive level form key strategic concepts to promote the internal legalization process of strategic decision-making driven by the right-brain intuitive thinking mode and the left-brain rational thinking mode, which greatly improves the quality of strategy formulation and the operability of strategy implementation.

This study aims to develop a sol-gel-based coating to provide a long-lasting corrosion protection on AZ31 Mg alloy. Silane-based sol-gel coatings have been successfully applied to Mg alloys for corrosion protection. However, the micro or nano defects formed during condensation and solidification will cause the coating failure during a long-lasting immersion in a saline solution. More durable corrosion-protective sol-gel coatings are needed.

A sol-gel-based coating was modified on AZ31 Mg alloy by levodopa (DOPA). The long-lasting corrosion protection mechanism was studied by multiple electrochemical testing methods and surface characterization techniques.

Long-term testing by electrochemical impedance spectroscopy in aqueous 0.1 M NaCl indicated that the modified DOPA@sol-gel coating exhibited significant corrosion protection performance (>14 days). In comparison, the DOPA-free sol-gel coating failed only after three days of testing. The improved corrosion protection is attributed to the self-polymerized DOPA filling to the micro or nano defects in the glassy cross-linked networks of the sol-gel coating, which greatly improves the compactness of the coating.

The method of this study is simple and easy to process, the raw materials are green and the protective effect is excellent, which is of significance for the study of magnesium alloy corrosion protection.

An inter-story isolation structure (IIS) for AP1000 nuclear power plants (NPPs) is provided to resolve the conflict of seismic safety and the optimal location of air intakes.

The effect of passive cooling system (PCS) is better with lower altitude of air intakes than that in the original design of AP1000 NPPs. Seismic performances of IIS NPPs, including the seismic responses, damping frequency bandwidth and seismic reduction robustness, are improved by combining the position of air intakes lower and the optimal design method.

Theoretical analysis and numerical simulation are illustrated that the seismic reduction failure of IIS NPPs is the lowest probability of occurrence when PCS has highest working efficiency.

The IIS NPPs can transfer the contradiction between PCS work efficiency and seismic safety of NPPs to the mutual promotion of them.

The purpose of this paper is to observe listed firms in China during the 2008 financial crisis and investigates how group affiliation affects firm value when the economy turns down. The paper focusses the study on answering the following questions: during the crisis, do affiliated firms have higher or lower stock returns than independent firms? Does corporate governance relate to the value of group firms? How does group affiliation influence firm value? Does performance of affiliated entrepreneurial firms differ from affiliated state-owned enterprises (SOEs)?

The paper uses non-parametric tests and regression analysis on a sample of 1,469 Chinese listed companies to investigate the research questions.

Affiliated firms have lower stock returns than independent firms by 1.91 percent during September to December of 2008. This poor performance is even worse for firms seriously shocked by the crisis. Good corporate governance can mitigate the negative effects of group affiliation on firm value. The lower valuation of affiliated firms lies in the fact that controlling shareholders undertake more related party transactions at the expense of minority shareholders. Finally, although business groups can provide internal financing for entrepreneurial firms in China, affiliated entrepreneurial firms experience a larger value decrease than affiliated SOEs due to the conflict interest between controlling and minority shareholders.

This research provides unique evidence about the performance of group-affiliated firms during the 2008 financial crisis and documents the mechanisms through which group affiliation influences firm value.

Seismic isolation, as an effective risk mitigation strategy of building/bridge structures, is incorporated into AP1000 nuclear power plants (NPPs) to alleviate the seismic damage that may occur to traditional structures of NPPs during their service. This is to promote the passive safety concept in the structural design of AP1000 NPPs against earthquakes.

In conjunction with seismic isolation, tuned-mass-damping (TMD) is integrated into the seismic resistance system of AP1000 NPPs to satisfy the multi-functional purposes. The proposed base-isolation-tuned-mass-damper (BIS-TMD) is studied by comparing the seismic performance of NPPs with four different design configurations (i.e. without BIS, BIS, BIS-TMD and TMD) with the design parameters of the TMD subsystem optimized.

Such a new seismic protection system (BIS-TMD) is proved to be promising because the advantages of BIS and TMD can be fully used. The benefits of the new structure include effective energy dissipation (i.e. wide vibration absorption band and a stable damping effect), which results in the high performance of NPPs subject to earthquakes with various intensity levels and spectra features.

Parametric studies are performed to demonstrate the seismic robustness (e.g. consistent performance against the changing mass of the water in the gravity liquid tank and mechanical properties) which further ensures that seismic safety requirements of NPPs can be satisfied through the use of BIS-TMD.

The purpose of this paper is to provide a better understanding of the driving forces and structural changes of China as a market provider for Korea. This paper gives the answers for the following questions: How do China’s final demands trigger the growth of its imports from Korea? And what’s the impact of China’s final demands on the import in different industries?

Based on the Multi-Regional Input-Output model and World Input-Output Table database, this paper constructs the non-competitive imports input-output (IO) table of China to Korea. According to this table, we can calculate the induced imports coefficient and comprehensive induced import coefficients of China’s four final demands for imports from Korea in the 56 industries in China.

Among the four driving forces, the strongest one is changes in inventories and valuables. The impact of final consumption expenditure and fixed capital formation is much lower than that of changes in inventories and valuables, but they have a broader impact for the 56 industries. This paper finds out the China’s import induction of the final demands to Korea peaked in 2005 and 2010 and decreased greatly in 2014, so the position of China as market provider for Korea will no longer rise substantially, contrarily it will be in a steady state.

First, this paper constructs the non-competitive IO table to analyze the market provider issues between two countries and provides practical ways and methods for studies on the issues of imports and market provider. Second, this paper investigates the different roles of four final demands on driving force of China as market provider for Korea and the structural changes of China as a market provider for Korea among 56 industries from 2000 to 2014.

This paper aims to study the extended trailing edge airfoil for a range of angle of attack at different intensities of turbulence.

In this paper, an experimental study on NACA 0020 airfoil with thin extended trailing edge modification of amplitude of h = 0.1c, 0.2c and 0.3c at the Reynolds number of 2.14 × 10⁵ are tested. The research was carried out for an angle of attack ranging from 0° = α = 35° for the turbulence intensity of 0.3%, 3%, 5%, 7% and 12%. From the experimental readings, the surface pressures are scanned using a Scanivalve (MPS2464) pressure scanner for a sampling frequency of 700 Hz. The scanned pressures are converted to aerodynamic force coefficient and the results are combined and discussed.

The airfoil with the extended trailing edge will convert the adverse pressure gradient to a plateau pressure zone, indicating the delayed flow separation. The CL value at higher turbulence intensity (TI = 12%) for the extended trailing edge over perform the base airfoil at the post-stall region. The maintenance of flow stability is observed from the spectral graph.

A thin elongated trailing edge attached to the conventional airfoil serves as a flow control device by delaying the stall and improving the lift characteristics. Additionally, extending the airfoil's trailing edge helps to manage the performance of the airfoil even at a high level of turbulence.

Distinct from existing studies, the presented results reveals how the extended trailing edge attached to the airfoil performs in the turbulence zone ranging from 0.3% to 12% of TI. The displayed pressure distribution explains the need for increasing trailing edge amplitude (h) and its impact on flow behaviour. The observation is that extended trailing edge airfoil bears to maintain the performance even at higher turbulence region.

The purpose of this paper is to describe and discuss the use of Chinese medicine in the prevention and treatment of coronavirus disease 2019 (COVID-19) in China and Asia.

This paper provides a brief overview of the COVID-19. Based on the syndrome differentiation (辨證論治), the concept of clearing heat and detoxifying lung in traditional Chinese medicine is used to prevent and treat COVID-19 through restoring the vital qi (正氣) in human body and regulating the lung as well as spleen to strengthen the immune system. Traditional Chinese medicine has been used as a complementary therapy for the possible intervention of COVID-19 including traditional Chinese herbal decoctions, Chinese traditional patent medicines, acupuncture and moxibustion as well as the traditional health exercises in China and parts of Asia.

Traditional Chinese medicine plays a significant role in the prevention and treatment of COVID-19 pandemic. The infection cases of China are around 80,000 and a steady decline compared with the USA which has 5,000,000 infection cases and continuous increases. It is shown that more than 90% of patients recovered after the treatment of traditional Chinese herbal decoctions and Chinese traditional patent medicines without any side-effect compared to the use of Remdesivir (GS-5734). Acupuncture (針灸) and moxibustion (艾灸) stimulate the immune and nervous systems for preventing infectious diseases. Taichi (太極) and Baduanjin (八段錦) as the auxiliary aerobic exercise under the theory of Chinese medicine can enhance the immune system and improve the lung function. Thus, an integration of traditional Chinese Medicine and Western medicine is the best strategy for the prevention, treatment and control of COVID-19 pandemic in the future.

This paper describes traditional Chinese medicine as an effective way for the prevention and treatment of COVID-19.