Research On The Enterprise Performance Appraisal Innovation System Based On Incremental Value

Nowadays, the speed of society's change has been far greater than people imagined. Entrepreneurs are also aware of the business risks'variety and complexity can not be ignored. From the perspective of the value based management, continuous improvement of enterprise's performance often makes sustained growth of incremental value, moreover, incremental value is the maximized result of value-driven factors contributed to enterprise'value under the enterprise-wide risk system. As a result, this dissertation constructs enterprise-wide risk management system of the iron and steel enterprises based on financial institutions risk management theory, as well as it tries to integrate risk assessment into the enterprise performance appraisal model, with introduction into incentive mechanism in order to put risk management into effect. The source of this dissertation is the program of management diagnosis of an oversize steel tube enterprise. The contents of the research draw attention to the latest front edge theory and are based on actual business development. When solving the above problems, new thought is explored of performance appraisal theory. Therefore, the research in this dissertation is meaningful both in theory and in practice.Beginning with the summarize of relevant research theories, the dissertation firstly analyzes the research system and outcomes of performance appraisal theory, strategic management theory, value based management theory and risk management theory, as well as the latest comprehensive research and application progress of the above-mentioned theories. With the comprehensive analysis of the risks of general industrial and commercial enterprises operational process facing, the third chapter constructs the enterprise-wide risk management system of the iron and steel enterprises based on financial institutions risk management theory and the VaR methodology, and also provides the datum support for following risk performance evaluation. In fourth chapter, this dissertation expatiates on the relationship with value-driven factors, key performance driven factors and key risk driven factors based on the analysis of the mode of enterprise incremental value and the connotation of enterprise performance appraisal. And it also tries to build an integrative system framework which contains the quantity, quality and risk performance appraisal from the strategic objective. The fifth chapter actualizes the evaluation of the outcome, process and risk profitability of incremental value by constructing the quantity, quality and risk performance appraisal model based on enterprise's value. With different dimensions of the evaluation, it can reflect more comprehensive performance of enterprise. At the same time, it also can meet different information users'needs. The sixth chapter constructs the incentive mechanism to strengthen internal controls, optimize the allocation of resources as well as to avoid the enterprises'risks based on different levels of performance evaluation results. The seventh chapter constructs incremental value performance appraisal model and incentive mechanism based on empirical analysis object which is called TP company. By bringing forward strategies corresponding with the evaluation results, it will be benefit to achieving improvement of performance and incremental value.