A Study On The Basic Framework Of Structuring Company's Value-based Management System

In recent years, the lack of lasting competitiveness has already become one basiccharacteristic of Chinese enterprises; practices in China of value-based management may beone of the effective ways of solving this basic problem. Structuring Company's value-basedmanagement system and excavating lasting competitiveness of the incorporated business isthe basic problem that this paper attempts to explore.This paper has introduced the general frame of the value management system from fourrespects: the first part has introduced the basic principles that can promote company's lastingcompetitiveness and the necessity of implementing value-based management. Then hasproposed the overall frame of value management combining the management procedure,including three parts: information system, strategic planning system and integratedperformance management system.The second part has analyzed the principles that information influences company stockprice, then recommends to set up three levels of information systems, including mandatoryinformation disclosure system, voluntary information disclosure system and investorrelationship management, in order to communicate with investors, promote the stock prices ofthe company and absorb enough high-quality resources.The third part has analyzed the relationship of company's strategic planning andvalue-based management, then has probed into the strategic planning procedure under theguidance of the idea of value-based management, provides a series of basic key elements offorming the successful strategic planning procedure, finally points out how to create valuecombining the strategic planning of new or old businesses of the company.The fourth part probes into the integrated performance management system, defines themeaning of it under company's value management system, then has analyzed the five keyprocedures and eight main components of integrated performance management system.