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

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

Authors
Yixuan Sun1, *
1Carey Business School, Alumni of Business Analytics and Risk Management, Johns Hopkins University, Baltimore, USA
*Corresponding author. Email: sundiudiu9762@gmail.com
Corresponding Author
Yixuan Sun
Available Online 15 May 2023.
DOI
10.2991/978-94-6463-142-5_10How to use a DOI?
Keywords
Value-based management; Innovation; Small and medium-sized enterprises; Advantages and disadvantages
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.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
15 May 2023
ISBN
978-94-6463-142-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-142-5_10How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yixuan Sun
PY  - 2023
DA  - 2023/05/15
TI  - Value-Based Management of Chinese and Foreign Small and Medium-Sized Enterprises: Enterprise Innovation
BT  - Proceedings of the 8th International Conference on Financial Innovation and Economic Development (ICFIED 2023)
PB  - Atlantis Press
SP  - 86
EP  - 96
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-142-5_10
DO  - 10.2991/978-94-6463-142-5_10
ID  - Sun2023
ER  -