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Value-Based Management of Chinese and Foreign Small and Medium-Sized Enterprises: Enterprise Innovation

In: Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)

Author

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  • Yixuan Sun

    (Johns Hopkins University, Carey Business School, Alumni of Business Analytics and Risk Management)

Abstract

Enterprise value-based management is a new enterprise management mode which conforms to the development requirement of economic times. This paper introduces the basic definition of enterprise value and value management, expounds the relevant characteristics and driving factors of small and medium-sized enterprises (SME) value management, and compares the advantages and disadvantages of small and medium-sized enterprises. In this process, the author used the literature analysis and comparative analysis to draw a conclusion. The results show that Chinese SMES can improve their problems by creating new innovative enterprises just like foreign enterprises. Without the improvement of the overall innovation ability of small and medium-sized enterprises, it is impossible to achieve the goal of building an innovative country. Therefore, the innovative research on value management of SMES at home and abroad can expand and enrich the theory of enterprise value. The rise and fall of small and medium-sized enterprises are closely related to the value-based management of enterprises. The value-based management of enterprises is the essence of operation and management. In addition, it should be noted that the results of this study have practical implications for Chinese SMEs to develop their own strengths and to further accelerate the realization of management innovation in SMEs.

Suggested Citation

  • Yixuan Sun, 2023. "Value-Based Management of Chinese and Foreign Small and Medium-Sized Enterprises: Enterprise Innovation," Advances in Economics, Business and Management Research, in: Yushi Jiang & Guangming Li & Wilson Xinbao Li (ed.), Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023), pages 86-96, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-142-5_10
    DOI: 10.2991/978-94-6463-142-5_10
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