Italian Electric Group Company System

Contemporary Neo-system Economics believes that enterprise is the contract organization for ownership exchange, principal - agent relationship is the core in realizing the corporate governance. The relationship provides a system of new theory for modern enterprises.Zhongyi Electronics Group s a large - size state - owned enterprise. It is also a listed company in China. This company experienced period from glory to subside. Outside problem of failure was the poor production management, insufficient scientific research ability, mistake in marketing strategy. For a long time, the management can not find a way to solve the problem. The problem had deep root in the profound ownership relations. With unclear ownership, the company can not arrange an organizational structure to implement a modern system in corporate governance, which led the company to failure.This paper was written based on experience and study in the company for years. Through the analysis to the up - and - down history of this company, we can see the following fact: enterprise growth relies on an appropriate system. The success and failure of enterprise not only relies on system arrangement but also on management. In order to promote enterprise growth and progress, we need more systematic innovation and management revolution.The company need proper system and management revolutionary in order to grow in future competition.