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Private High-tech Enterprise Option Incentive Mechanism

Posted on:2003-01-18Degree:MasterType:Thesis
Country:ChinaCandidate:H RongFull Text:PDF
GTID:2206360092470217Subject:Business Administration
Abstract/Summary:PDF Full Text Request
The major problem which modern enterprise system should solve is prompting mechanism. It means depending on system to reconcile different aim and conflict of interest of employee, operator and owner. And finally it will solve ultimate motivity of development of enterprise. For long lack of prompting structural balance and intensity worry Chinese enterprise at all time. It also not solve the ultimate motivity of development of Chinese enterprise What expresses on the prompting form is stress on political credit and status advance but ignore even deny economical promoting. After reform and opening, material prompting begin to be adopted widely. Especially some enterprises carry out many formal prompting mechanisms including annual salary, stock option and plan of employee holding stock. However, as a whole, Striking up scientific and effective reward prompting mechanism at large in enterprise is in research.Prompting problem is also exist in west enterprise. What is different is that by theory innovation and practice after world second war, they have accumulated many experiences and acquired better effect. Therefore, considering localization and different environment and era of west prompting mechanism , it's a problem which is very deserved to concerned that how to absorb prime of realistic prompting system and project and use it as reference to motive development of Chinese enterprise.Compared with other prompting mechanism , Stock options prompting mechanism is efficient and lasting. Certainly, it's not always the best option for any enterprise. Clear property right, advanced management, few capital stock at initial stage , great developing room of future determine our country's private high-tech enterprises are easier to accept Stock options prompting mechanism than other enterprises. However it not means high-tech enterprises can carry out Stock options prompting mechanism without any difficulty. The reason is that successful practice of the mechanism relies on favorable exterior environment, especially Stock market environment and law environment. Private high-tech enterprise's request of stock options prompting mechanism is special. It can't follow suit others .Such as not only manager but also important technician should own Stock .Because most options private high-tech enterprises are impossible to come into the market, the special request of the companies should be fully considered when stock options prompting mechanism are designed.
Keywords/Search Tags:Incentive, Stock Options, Private Enterprise
PDF Full Text Request
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