Research On Small And Medium-Sized Enterprises' Value Based Management In China

The international economic world generally believe that along with the economic globalization and new economic revolution's thorough, the small and medium-sized enterprise will become the economic development lead. Various countries government officials, the economist, the business peoples promote the small and medium-sized enterprises'development to the strategy to give in the 21st century to take seriously highly. Under the WTO frame, along with our country economic restructuring's unceasing deepening, the small and medium-sized enterprise faces the unprecedented opportunity--to greet the arrival of SOA tide. But what is not allow to neglect and the evasion is, the development of small and medium-sized enterprise is facing a series of deep level question, displays prominently is depending upon the low price competition excessively, to put together the price, to put together the labor force, to put together the resources constantly, to put together the environment, the enterprise technology and the management level is low, the product mix is identical, small but complete, small and weak, the principal work not prominent, developing not sustainably and so on. At present, the key question of small and medium-sized enterprise's management in our country lies in it has not established the truly management idea and the system taking the value based management as the central. Therefore, it is important theory significance and the practice value that to study value based management of small and medium-sized enterprise, which can enable enterprise's resources optimization to dispose and to obtain the full use, and make the small and medium-sized enterprise to fast health's develop in the market competition.On the summary and objective evaluation of value based management theory domestic and overseas, firstly the paper has introduced the small and medium-sized enterprise value based management's definition and the characteristic. Then the paper has separately analyzed the main actuation factors from the financial factor and the non-financial factor this two aspects which affect the small and medium-sized enterprise's value and compared two kinds of value actuation factors'difference.The research has discovered that looking from the financial angle, EVA is the small and medium-sized enterprise finance value main actuation factor. On base of elaborating management characteristics, present situation and the questions of small and medium-sized enterprise, compared with other business financial value, and on the premise of to prove the superiorities of financial value based management system based on EVA of small and medium-sized enterprise, the paper has constructed the financial value based management system based on the EVA of small and medium-sized enterprise, and has carried on the detailed elaboration on its constitution, the actuation principle as well as the movement pattern.Looking from the non-financial angle, the intelligence capital is the small and medium-sized enterprise non-finance value main actuation factor. Through analyzing the problems which exist in small and medium-sized enterprise intelligence capital management, the paper has elaborated the necessity and the feasibility that small and medium-sized enterprise implements must have to implement the management based on the intelligence capital intrinsic value. Through constructing intrinsic value based management pattern and on base of analyzing the intelligence capital value's origin--the human capital, the customer capital, the organization capital as well as the technical capital, the research has constructed its value transformation model separately, then has constructed the intelligence capital value assessment system, and has carried on the appraisal to overall condition of small and medium-sized enterprise intrinsic value in our country.Then, on base of analyzing the dynamic property of value based management system in small and medium-sized enterprise, and conducting the research to its basic return route's dynamic characteristic, the paper has constructed a systems dynamics model of value based management system in small and medium-sized enterprise. On the premise of confirming model's valid, the paper has made simulation to operational aspect of some small and medium-sized enterprise's value based management system.Finally, under the premise of elaborating the principles which to establish enterprise value promotion strategy system has to go upon, the paper has proposed two big promotion countermeasure--to establish value based management system of small and medium-sized enterprise based on EVA and to promote the small and medium-sized enterprise's value through intelligence capital from the inside and outside way separately.