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A Research About The Linear Interative Of The Entrepreneur Nonlinear Reward

Posted on:2014-02-16Degree:MasterType:Thesis
Country:ChinaCandidate:X F WangFull Text:PDF
GTID:2249330395492381Subject:Business management
Abstract/Summary:PDF Full Text Request
Since the Chandler proposed"The Managerial Revolution", acadermia and practice circles have comprehensively studied and discussed the entrepreneurs reward,and have made great achievements. Entrepreneurs reward established it own research framework, by answering the origin of entrepreneurs reward,influence factors and payment etc.,which provided by the existing literature.There are four errors in the study of the entrepreneurs’reward incentive:firstly, most empirical research are based on linear assumption of remuneration and performance; secondly, the entrepmeur’s pay is of exponetial growth; thirdly, the worship of entrepreneurs’heroism; finallly, the means entrepreneurs’ is paid and how it is measured.Entrepreneur’s labor contribution is nonlinear, marginal decreasing. So entrepreneurs reward acquiring payment is also nonlinear, the marginal decreasing instead of exponential increasing.The entrepreneurs’ wages rewards are decided by company sales income salary and entrepreneurs’bonus reward are based on enterprise’s profit and the enterprise profit growth determine entrepreneurs bonus reward.This article theoretically analyze the entrepreneurs reward incentive, the summary and classification of the impact of entrepreneurs reward factors, the Delphi method and analytic hierarchy process extracting influence entrepreneurs reward decision factors, establishing entrepreneurs reward influence model. Making use of Fenshui pen industry group in2010, according to each enterprise data, the sales revenue, profits, profit growth and the division of different scale interval enterprise to entrepreneurs reward incentive coefficient on SPSS linear regression analysis, it puts forward a practical entrepreneurs reward set model-section set incentive coefficient compensation model, that is,PAY=a△XSSR+b△LR+c△LRZZ+u. This article combines with the physical truth of Fenshui Pen Enterprise; it can appear entrepreneurs reward linear iterative curve.The number of entrepreneurs reward, the scale of the enterprise and enterprise performance increases unceasingly, meanwhile the marginal rate of the reward reduced, Incentive coefficient is reduced constantly, so that is not only benefit to the proper incentive to entrepreneurs also benefit to the protection of the interests of shareholders.
Keywords/Search Tags:Entrepreneurs reward, Nonlinear reward, Incentives, Linear iterative
PDF Full Text Request
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