The Enterprise Value Management Studies

Value-based Management is not only a practical process but also a theoretical system. It is promoted with the progress of modern capital market and firm institution and become a new business enterprise management mode, it make the value of the business enterprise as the core in the principle position in the business enterprise, Concentrate on promoting the value of the business enterprise. The modern business enterprise . theories points out, the usefulness of Value-based Management is determined by strategy management's functional performance ,even by the valid governance structure ,then the executive become the real entrepreneur.As the market of china develops , the exterior market environment of the our country business enterprise took place the deep variety, and many business enterprises face to exist the test rigorously, and force business enterprises to pay attention to their market positions and the core Competition ability, and improve their capital structure. Therefore, the researches and apply of Value-based Management can help business enterprise to adjust the behaviors, and adopt the right development strategy, and promoting the business enterprise efficiently, it is a revolution. And the usefulness of Value-based Management has been proved by many international business enterprises.By the way of exploring the basic theories, this thesis put forward the fundamental model of Value-based Management, put forward that by the ways of the conformity strategy, management objective system, assessing outstanding achievement andreward planning to fulfilling and promote corporation value .on the base of the theories of corporation value, this thesis put forward the main integrations that create the value, combining in the model of Value-based Management; the strategy management is the most important activity, is a main research object. The capital cost minimum matches the strategy target that business enterprise value maximizes. The capital structure determines the cost of capital. A set of complete performance evaluations system cans guarantee the realization of the object of Value-based Management. Finally, in accordance with the concrete state of our country, this thesis put forward the obstacle of practicing Value-based Management and the homologous policy and suggestion.