Research On Innovation Activities And Economic Consequences In Intergenerational Inheritance Of Family Businesse

In China,most of the family enterprises rose in the period of reform and opening up.After more than 40 years of development,the number of family enterprises in China accounts for more than 50% of the private enterprises,making a great contribution to China’s economic development.Today,the average age of family business founders who still serve as chairman or CEO is over 60,and the problem of intergenerational inheritance of family businesses needs to be solved urgently.In addition,the CPC’s 14 th Five-Year Plan proposed to "adhere to innovation-driven development",and the 20 th report once again stressed the need to accelerate the implementation of the innovation-driven development strategy,and encourage enterprises to actively innovate.In the face of the constantly changing market environment,family enterprises need to carry out innovation to enhance the core competitiveness of enterprises,in order to realize the long-term development of the enterprise.In the next few years,the intergenerational inheritance is a problem that most family enterprises will face,and how to realize the transformation and upgrading is also one of the challenges faced by the family enterprises.Therefore,this paper explores the special period of intergenerational inheritance,the heir successfully taking over and leading the innovation and transformation of the enterprise,which has certain practical significance for the family enterprise of intergenerational inheritance.After the relevant literature,this paper is based on the theory of social emotional wealth,authority theory,resource theory and system theory,further analyzes the influence of the enterprise innovation path,specific divided into strategic innovation,management mode innovation,cultural innovation and technology innovation,combined with the actual situation of the enterprise respectively from the perspective of financial performance and the financial performance of economic consequences to the enterprise,set up the theoretical basis —— influence path —— economic consequences path analysis for the analysis framework of this paper.This paper selects double good energy saving system co.,LTD.(hereinafter referred to as the double good energy saving,stock code 600481)as a case analysis object,because double good energy saving heir has been succeeded,in the process of intergenerational inheritance,heir lead enterprise positive innovation,lead the transformation from traditional manufacturing to service-oriented enterprises,and made a series of achievements.Based on the case company,the company understands the inheritance process from different stages of intergenerational inheritance,further analyzes the motivation and specific innovation activities of intergenerational inheritance to promote enterprises to carry out innovation activities,and finally conducts an in-depth study on the economic consequences.This paper finds that:(1)macro policies will guide the innovation and transformation of family enterprises.In order to achieve sustainable economic development,the government will implement corresponding institutional measures to macro-control the development of different industries.Shuangliang Energy Saving has always maintained its own advantages in its core business and realized business transformation in the process of enterprise development,which is closely related to the policies issued by the state.(2)Participating in the enterprise operation before the successor is conducive to the construction of their own authority and the smooth realization of intergenerational inheritance.Entering the enterprise work can cultivate the operation and management ability of the heir,establish personal prestige and build their own authority.(3)Continuous innovation in the process of intergenerational inheritance is conducive to the long-term development of the family business.Shuangliang Energy Saving is a family enterprise that tends to extend the social emotional wealth,and pays more attention to the long-term economic benefits brought by innovation.Even in the special period of intergenerational inheritance,the heir will actively lead the enterprise to carry out innovation and transformation,so as to maintain its core competitiveness.