The Effectiveness Analysis And Innovation Of Partner System In Enterprise Practice

Partnership is an ancient governance model,the earliest can be traced back to the ancient Roman period,the concept of limited partnership has been produced since the European continent of the "Kang Manda contract" began.In the next few hundred years of development process,the partnership system has been improved and become a very common modern and occupied an important position in the form of economic organization.Its development in the human capital-intensive industries represented by consulting services and accounting firms is particularly prominent,With the development of the commodity economy,the corporate system was born and dominated by corporate governance in most industries.With the further development of joint-stock companies,the ownership and management rights of enterprises have been separated and the resulting principal-agent theory.Due to the inconsistency between the principal and the objective function of the agent,the focus of corporate governance is focused on how the agent's business activities are in the interests of the client through the incentive and restraint mechanism in the case of conflicting interests and information asymmetry.In the shareholder supremacy theory,the shareholders of the material capital investment as a result of the business risks,with the enterprise's residual control and residual claims,Business objectives is how to maximize the interests of shareholders,agents only in accordance with the interests of shareholders to exercise control is the effective corporate governance guarantee.But with the advent of the era of Internet knowledge economy,the relationship between human capital and material capital has changed,As the securitization trend of financing channels and material capital has been further strengthened,the scarcity of material capital has declined,and human capital is no longer only a subsidiary of material capital.Human capital and material capital began to re-game,its attention to create the right to speak in the process of enterprise value creating became more obvious.Human capital began to require the decision-making control of the enterprise and the enterprise's residual claim.Especially in some industry that the human capital and product capital is both critical,how to balance the value of material capital and human capital balance?How to more effectively stimulate human capital to achieve the interests of shareholders and the maximization of corporate value?Has become a problem need to rethink for a lot of companies.In this context,the partner system was born,Alibaba in order to retain the partner system and traveled to the United States for IPO,Vanke the first in the Chinese business community which launched the "business partner" concept after learning from the Internet thinking,thus set off the wave in the business community for partnership system.What makes many companies follow suit?What are the innovations that the partner system can bring to future cor:porate governance?This is the dawn of the road for the enterprise suffering the trouble in the era of knowledge economy to explore the solution in the future.