Research On The Value Driving Factors Of High-tech Enterprise By Value-based Management

The key for enterprises to maximize value is implementing value management to guide business decisions. Business value drivers, as influence and drive business value creation in decision-making variables, meaning the company's past and future wealth of information. These information are very important for enterprises'producing and operation. Thus, analyzing the value origin of high-tech enterprises according to the characteristics of their own is particularly necessary.This paper is based on the related theories and researches of value management and enterprise value drivers, analyzing the origins and characteristics of high-tech enterprises, combined with the concepts and characteristics of them longing the process value management to screen their drivers. Then take the ZTE Corporation as a high-tech example to show my empirical analysis on value drivers. Through my research and analysis, this paper argues that the values of high-tech enterprise mainly come from two aspects: Firstly, all the current value which could be created by the existing natural resources; secondly, the values which could be create by all the resources and assets in the future. Meanwhile, the article also analyzes the key value drivers of high-tech enterprises upon the financial dimensions. The conclusion is that the key drivers include not only the profitability, solvency, operational capacity, ability to grow the financial drivers of value, but also human capital, governance structure, technological innovation, etc.The analysis on the value drivers of high-tech enterprises in this paper has a certain reference value and guiding significance for high-tech enterprises to understand their value drivers and value management. And also provide a new perspective on the theoretical research and empirical studies of high-tech enterprises divers.