隨著網路與科技的發展，資訊流通容易，去中間化為台灣貿易產業帶來衝擊，使原有產業鍊改變。同時，大陸與東南亞的製造業崛起，加入市場競爭，使貿易商的處境更是進退維谷。本文以台灣貿易商Ｃ公司為研究對象，以深度訪談法的質性分析，來探討Ｃ公司的成長歷程，並深究動態能力的發展與中間商價值再創造，是否能因應環境變遷與去中間化的威脅。透過檢驗Ｃ公司的成長與轉型得出，在產業結構變遷下，Ｃ公司利用其核心能力，展現與重組現有資源，積極推動轉型的持續成長機會。

The purpose of this study is to investigate the growth of a company in the changing environment. As the technology of the Internet and communication advances, disintermediation has made a significant impact on the Taiwanese trading industry. Meanwhile, the rising of China and the Southeast Asia manufacturing industry has made the business market increasingly competitive and challenging. In the thesis, I focus on the development of dynamic capabilities of a trading company in terms of reshaping its values as an intermediary in facing the threat from disintermediation. Through in-depth company interviews, I demonstrate the process of the growth and transformation of a company through restructuring its resources when facing industrial changes.

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