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Abstract This study conducts a typical case study on FAW Group by combining the social cognitive theory and the paradigm of “strategy-structure-performance”. This study explores the micro mechanism of strategy formation of state-owned enterprise from the perspective of three-stage dynamic balance of “CEO replacement-strategy renewal-structure adjustment”，and reveals the specific process mechanism of enterprise strategy guiding organizational structure adjustment under the influence of internal and external environment. The results show that under the promotion of external and internal factors, the state or the board of directors elect new CEOs through the selection mechanism, and CEO replacement occurs in state-owned enterprises; the new CEO and TMT reached a strategic consensus, realizing the leap from individual level cognition to organizational level enterprise strategy; under the guidance of the new strategy, the organizational governance structure of state-owned enterprises has undergone a process of “high centralization-high decentralization-relative centralization”.
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Received: 27 September 2021
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