Evaluation Of High-tech Enterprise Value Based On BSC And ANP

With the development of our economy and technology, we are no longercontent to be the world factory to earn a small profit. The policies of our countryand the enterprises themselves oriented continuously put forward independentinnovation. High-tech enterprises base on technology-driven innovation. Nowadayshigh-tech enterprise develop rapidly. High-tech enterprises are different fromtraditional enterprises with the characteristic of high investment, high risk, highyeild and so on. Therefore the evaluation methods of high-tech enterprise aredifferent from traditional evaluation methods. According to the characteristics ofhigh-tech enterprises, it is very important to find suitable evaluation method, whichis both social development needs, but also businesses and individuals need to investto high-tech enterprises.This paper analyzes the traditional evaluation methods of enterprise and pointsout the reasons why they are not applied to the eva luation of high-tech enterprise. Inthis paper we use Balanced Score Card and Analytic Network Process to value thehigh-tech enterprises. It is not comprehensive to use the original four dimensions toassess the valuation of high-tech enterprise. We add two dimensions corporategovernance and suppliers. In these six dimensions, we select the most representativeevaluation indexes of high-tech enterprises in each dimension. On this basis, we useAnalytic Network Process model to build network model and indicator system withdimensions and indexes. We apply the Super Decisions (version2.0.8) software forcomputing to achieve the sequence of high-tech enterprises value. From the processof evaluation, we can get the priorities of evaluation indexes of high-tech enterprises.According to these evaluation indexes, high-tech enterprises can rationally allocatelimited resources to achieve optimal allocation of resources. According to thesequence of high-tech enterprise value, corporations, institutional investors andindividuals can take it to balance or investment and so on.Although evaluation of high-tech enterprise value based on Balanced ScoreCard and Analytic Network Process is feasible and reliable, there are stillinsufficient for this method. But this method can be a guideline for future research.