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Research On Enterprise Value Diagnosis

Posted on:2010-12-06Degree:MasterType:Thesis
Country:ChinaCandidate:J Y ZhangFull Text:PDF
GTID:2189360275986453Subject:Accounting
Abstract/Summary:PDF Full Text Request
Nowadays, the surviving and developing environments of enterprises have changed greatly as follows: As the rising of knowledge-based economy, human resource has become strategic resource. Entrepreneurs not only have to meet their customers'requirements but also need to show their power in the capital market, as the growing of institutional investors. Also enterprises should pay more attention to the benefits of employee and community to undertake their social responsibilities. Theses changes bring new impact to enterprise management.With the guidance of value added, the enterprises need to pursuit the growth of economic wealth and integrated development of human to deal with those above new changes, which requires the enterprises to explore value added path. Finance diagnosis in the traditional sense has some flaws: First, it is profit-oriented which is inclined to short-sighted behaviors. Second, it can't support decisions for it adopts historical data. Third, it is confined to financial data, which leads to miss the value process of economic activities. At last, it merely represents shareholder benefits and discards other stakeholders'request. Under the direction of overcoming finance diagnosis's flaws, the essay suggests expanding the connotation of finance diagnosis and introducing non-financial information to establish value diagnosis, which makes discerning the quality and efficiency of value creating and increasing as the center of finance diagnosis. Value diagnosis inherits the sprit of finance diagnosis, grasps the theme and essence of value added, discerns and analyses problems in a wider vision. The enterprises could benefit from this tool, if they apply value diagnosis to their daily managements.The essay follows the forming routine. First, it analyses the outside environment changes of the enterprise and brings forward the definition of enterprise value diagnosis. Then the essay verifies the necessities and possibilities of value diagnosis from theoretical and realistic aspects. Also it discusses the Philosophy, object, function and other fundamental problems. Following the value realized routine, which is finding, creation, transfer and sharing, the essay builds value diagnosis system including value finding (driver) diagnosis, value creating (behavior) diagnosis, value transfer (value chain) diagnosis, value sharing (governing) diagnosis and so on. At last, the essay designs specific diagnosis methods to different parts of value diagnosis.
Keywords/Search Tags:Enterprise Value Diagnosis, Value Adding, Value Finding, Value Creating, Value Transfer, Value Sharing
PDF Full Text Request
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