Value Based Management

After China has entered the WTO, the competitive situation andstrength are taking great changes. The promote advantages of state-ownedenterprises are collapsing. When derived of the special "bullet-proof coat",the most obvious disadvantage of Chinese enterprises is management. Onlywhen they really carry out the entering for the system, strategy andculture of themselves, Chinese enterprises can get brilliant achievements inthis cruelty competition. Any enterprises must keep management novel, if it wants to gain asustain competitive advantage. Management creation includes: concentrateon strategy study and value-based management, tend to make the wholeorganization a learning one which has united goal and can act quickly.Value-based management has been carried out overseas for many years andhas accumulated lots of experiences for us to learn from. How to removethe value-based management philosophy to China is a instructive project tostudy. The article begins with the basic theory of VBM, analyzing the mainprocedure and actual cases. Based the whole analysis the writer continuesto analyze present problems in Chinese enterprises and gives suggestion.