Family Management Innovation Of Changchun Hengxin Industrial Company

In this paper, Changchun Hengxin Industrial Co., Ltd. innovative research of family management, described the creation of enterprises and the contribution of core competitiveness of enterprises, and pointed out that in the development of the family enterprise to a certain size, the presence of family management have become increasingly prominent problems, and analysis of these problems cause analysis. Paper for the Changchun Hengxin's family management put forward specific solution and innovative measures for the implementation of the reform program.This paper proposed the introduction part of the study background, purpose and meaning, which leads to this paper the main issues to be studied. Text is divided into four chapters, the first chapter by Hengxin's start-up period, development period, maturity, period of expansion a detailed description of the development process, certainly the family members in the enterprise have done outstanding contributions, but also show constant letter from a company's main business is the development of small businesses do not have to now become a core competence of medium-sized enterprises the difficult process of building waterproof. Chapter II lists the Hanson family management problems in the existing and the reasons for these problems conducted in-depth analysis. Chapter III discusses the Hengxin family management and innovative design. This paper proposes four elements of the reform program, namely, the strategic transformation of the enterprise management innovation for the family the opportunity to participate in the family both inside and outside the organization change the orientation to family members the ability to manage the upgrade path of specialization, the decision-making power executive branch and the right starting point for the system of innovation. To create a business needs to adapt to the rapid development of the team. Chapter IV discusses the implementation of innovative programs of family management measures, including clear rules and regulations to avoid ultra vires; implementation of a unified compensation management and performance management, with remuneration linked to performance; allow external employees display their talent space, the company's incentive system has been fully utilized; also targeted members of the family to implement the appropriate training, and in the process to establish a training system to improve the overall quality of family members; set up to adapt their company's future development needs corporate culture, to create Hengxin's "Blue Sky" brand, and ultimately "The roof into garden" the good wishes.By Hengxin course of development of this family business retrospective, analysis of the proposed management direction of the reform options and implement solutions Hengxin's, we can draw the following conclusions:Changchun Hengxin Industrial Co., Ltd. family business management and development process of the problems faced, with a certain degree of universality. In the current large number of Chinese private enterprises to adopt family management, their experiences have many similarities, most came from the start, when united, rapid development, family management problems and then later exposed one by one, step by step into contradictory predicament. In this sense, the research paper, Hengxin is a more in-depth development of the case.In this paper, Changchun Hengxin Industrial Co., Ltd. how to implement an innovative exploration of family management, describes the family management itself does not necessarily become a modern business success and obstacles to development, the key is corporate managers to avoid weaknesses, play to the advantages of family management and avoid its shortcomings. Reform the management mechanism of family management, to optimize its product structure, a healthy corporate culture in order to open the family business to adapt to market competition and changes in family management is the key to innovation and progress.