A Research On Mechanism And Models Of Enterprises Value Growth

Traditional Enterprises Theory emphasizes the production and operationmanagement of enterprises. Under this model, more attention is paid to profitmaximization, and then how to create more value and increase the market value ofenterprises are overlooked. As a result, enterprises will lack a definite long-termgoal and the whole strategy. Enterprise value growth aims at the value creation andthe increase the whole value of enterprises. Based on strategy management andvalue management, it not only can be identified in quality and measured in quantity,but also has oriental and institutional significance. So the research on the intrinsicmechanism and developing path has great significance in innovating, normalizing anddirecting the behaviors of enterprises, adjusting these behaviors in terms of goals anddirections that can promote the market value of enterprises, and maintaining the healthand sustainable development of enterprises under the circumstance of serious marketcompetition.This dissertation is not limited to the general problems of enterprisesmanagement, which is based on the comprehensive absorption of the research resultsand theories of value management and tries to use the methods of theoretical analysisand empirical analysis to study the inherent natures of enterprises value growth, itsenvironment and strategic paths, measures, methods and key driving factors inincreasing enterprises value, and then to present a evaluation model of enterprisesvalue growth.Chapter 1 is Introduction.Chapter 2 introduces the connation of enterprise value at first. Then it presentsthe methods of value evaluation closely. At last it develops a triangle model ofenterprise value growth through which it points out that, given the resources that canbe allocated, only the interest balance among stockholders, employees and customerscan reach the maximization of enterprise value growth.Chapter 3 analyses the environment of enterprise value growth in terms ofoperating strategies, historical performance and outside environment at first. Then itdiscusses the general strategy of value growth and the relationship between valuegrowth and core competence. Finally, it probes the strategic paths of value growth and summarizes the decision process between the environment of enterprise and strategiesof value growth.Chapter 4 presents the concepts of customer value and customer value innovationand analyses the strategic logic difference in enterprise value growth betweentraditional competition strategy and customer value innovation strategy at first. Thenit introduces the basic models and mixed models of customer value innovation. At last,it probes the mechanism of customer value innovation on the basis of research resultsof other people.Chapter 5 analyses the theoretical basis of management incentive in terms ofContract Theory, Human Capital Theory and Group Production Theory. Then itprobed the matching efficiency of enterprises with management incentive andconcludes that enterprise value is an index for measuring the efficiency ofmanagement incentive. Finally, it presents and compares stock incentive models basedon enterprise value growth.Chapter 6 constructs the value reorganization system that contains value transfer,value identification, value creation, value conduction and value control at first. Then itdiscusses the value reorganization and process reorganization innovation and sets up anew idea of value and business process reorganization based on activity-basedmanagement. Finally, it analyses the problems of building up core competence in theChinese enterprises and give some countermeasures.Chapter 7 discusses the relationship between M&A and value growth and probesthe models to realize the growth of enterprise value.Chapter 8 sets up an indexes system to reflect the growth ability and usescomponent analysis to compute the comprehensive grade of enterprise value growth.Chapter 9 is the summary and prospect of the whole dissertation.