The Mechanism And Empirical Study On Evolvement Of Value Creation Ability Of Industry

Maximizing the value is the ultimate goal for industrial development,and on the other hand,creating the value is the most rudimentary economic behavior.Any industry that is expected to develop consecutively,in the final analysis,should have its own capability of creating the value.Continually creating new value in the process of development is the only way to give rise to consolidate its market position and maintain competitive advantage. However,the value-creating ability of the industry is not constant,but push forward to change as its lifecycle move continuously.In different lifecycle stages,decisive factor to evaluate capacity of creating value and internal driving force to prompt the dynamic evolution of the industry are totally different.By exploring this issue,a fundamental channel to enhance the industry's value-creating ability is safely found.This paper defined the industry's value-creating ability and viewed it's evolution mechanism,and organically decomposed the process of value creation and the capacity of creating value from micro level.This paper also combined of lifecycle theory to conclude an integrated analysis of factors that affect the capacity of the industry to create value during different stages of lifecycle.On this basis,this paper established evaluation system for the industry's value-creating ability from dynamic perspective,selected China's automobile industry as the object of study,and used fuzzy statistical method in the dynamic assessment of the car industry's ability to create value.Through theoretical and empirical research,this paper drew the main conclusions as follows:First,Industrial value-creating process is a continuous process,which can be divided into three stages,namely,value determination,value propositions and value implementation and distribution.A comprehensive index,industrial value-creating ability,consists of composite ability,structural ability and dynamic ability,which three abilities are reflected through some specific ability indicators.Second,in the different lifecycle stages,the factors to decide the estate size of industrial value-creating ability and to promote industrial value-creating capacity of evolving continuously are entirely different.Theoretically,during the period of introduction and recession,technological innovation,transfer capacity and absorption capacity jointly decide the size of value-creating ability;in growing up period,production and marketing capacity plays a dominant role;and when it comes to maturity,it is the financial and organizational management capability that occupies the most important position.Third,China's automobile industry currently stands at the junction of late germination and early maturity.Through years of development,its value-creating ability is rapidly advanced.In the course of development,the variable features of lifecycle and the evolutionary principles of value-creating ability it demonstrates are moving with the same pace and direction of the world's automobile industry,which illustrates that China's automobile industry still has much room for development.