The Necessity and Selecting Evaluation Model of Large State-owned Enterprises in Expanding New Business

Diversified development is an important feature and trend of development for large enterprises at home and abroad. In order to reduce the impact of the recession of individual industries on the operation of enterprises, make full use of internal resources and defend against "cross-border competitors", China's SOEs need to constantly expand new businesses. This paper chooses the three criteria, including maturity expectancy, development potential and the relationship with the main industry, to build a selection evaluation model for the large SOEs in China to expand their new businesses in order to scientifically select new business and cultivate the leading industry in the future of the enterprise.