Research On Growth Risk Early-warning System Of Knowledge-intensive New Venture

With the globalization of the world economy and the international countries’ economicstructure, the national economic strategy which measures economic from the angle of speed isgradually transformed into the one in the view of efficiency and quality. The more effectiveway to improve the economic efficiency and quality is changing the economic growth modefrom the simple labor-intensive and capital-intensive to knowledge-intensive. Meanwhile, theindustry inside economy system should be turned into knowledge-intensive industry from thelabor-intensive and capital-intensive ones. The basic elements of a knowledge-intensiveindustry are a knowledge-intensive enterprise and the corresponding security system, thus, theknowledge-intensive enterprises are the basic units to accelerate and ensure the strategictransformation of the national economy. Among the knowledge-intensive enterprises,knowledge-intensive new venture is an extremely dynamic group, which is also the grouppromoting transformation national economic strategy. Knowledge-intensive new venture hasthe characteristics of high-growth, high-tech and high-knowledge, provided the impetus forthe strategic transformation of the national economy. Therefore, the growth and developmentof knowledge-intensive new ventures directly impacted the transformation of nationaleconomic strategy, the risk during the growth process of knowledge-intensive new venturebecame an important factor to restrict the strategic transformation of the national economy,which is extremely important for the research on the growth risk early-warning ofknowledge-intensive new venture.This paper firstly described the concept and characteristics of knowledge-intensive newventures, on this basis, classified the growth risk of knowledge-intensive new venture, and atthe same time discussed the concept, functions and processes of growth risks early-warning inknowledge-intensive new ventures, analyzed the growth risk early-warning status quo ofknowledge-intensive new venture, pointed out the strengths and weaknesses of the growthrisk early-warning of knowledge-intensive new venture at this stage; analyzed the conductionmechanisms and elaborated the impacts about growth risk early-warning ofknowledge-intensive new ventures from both internal and external aspects; built the growthrisk early warning system of knowledge-intensive new ventures and expounded itscharacteristics, principles and factors; subdivided recognition subsystem, measure subsystem and rating warning system on the basis of growth risk early-warning system ofknowledge-intensive new ventures, supplied theoretical support and model support for thosethree subsystems by use of the GEM group decision characteristic root method, the GOmethod principle as well as the gray theory; On the basis of growth risk early-warning systemof knowledge-intensive new venture and three aforesaid subsystems, combined eighteenknowledge-intensive new ventures, analyzed the risk early-warning of knowledge-intensivenew ventures by empirical cases, put forward the countermeasures on how to reduce thegrowth risk of knowledge-intensive new ventures and ensure the high growth ofknowledge-intensive new ventures from inside and outside aspects according the actualsituation in the end.