Modern Enterprise Financial Management of Innovation

[Abstract] With the advent of the knowledge economy, knowledge-based economy under the conditions of the existing Financial Management theory and content no longer meet the knowledge-based economy of investment decision-making needs. This article describes the Financial Management of modern enterprises and the problems faced by corporate Financial Management and implementation of innovative strategies.
[Keywords:] of the modern enterprise; Financial Management; facing the problem; management innovation
[Abstract] With advent of KNowledge-based economy, KNowledge-based economy under the conditions of the existing Financial Management theory and the contents of the era of KNowledge economy is no longer suited to the needs of the investment decision-making. This article describes the financial management of modern enterprises and the problems faced by corporate financial management and implementation of innovative strategies to explore.
[Keywords:] Modern enterprise; Financial management; Problems; Management innovation
                1. Modern enterprises and the financial management problems facing the
                1.1 The existing system of property rights theory and exacerbated by the operator and shareholder conflict of interest between employees. Knowledge-based economy is built on knowledge and information production, distribution and use of the economy, it is traditional to plant and machinery capital as the key management structure of the content of the allocation of resources into a knowledge-based resource allocation of capital structure, while the existing system of property rights neglect of human capital of the company's significant role in the development of fact, in the current market economy, the creation of knowledge and technology to receive and master the use of the staff in the creation of corporate finance is playing an increasingly important role, but only focus on the distribution of benefits donors have business to take the remainder of the right to exclude intellectual workers and other stakeholders, the allocation of residual rights of enterprises, thereby intensifying the owners (shareholders), managers and employees and other stakeholders of the conflicts and contradictions.
                1.2 times the traditional industrial economy, economic growth is mainly dependent on plant and machinery capital and other tangible assets, and economic structure of the knowledge age of enterprise assets to knowledge-based patents, trademarks, plant, machine Computer software, human resources and quality, product innovation and intangible assets accounted compared with the major increases and intangible assets will become the most important and most important business investments, the traditional industrial economy era of the financial management of investment decisions not meet the needs of knowledge-based economy.
                1.3 risk management is the financial management of the important issues. With the advent of the knowledge economy, entrepreneurship face more risk.
                (1) Due to economic activities, networking, virtualization, information dissemination; processing and feedback greatly accelerate the speed, if the enterprise information poor business decisions will increase the risk;
                (2) Since the accumulation of knowledge and update faster, companies and their employees can not be timely to adapt to further increase the business risks;
                (3) The high-tech development, so that is no longer product life cycles shortened, thereby increasing the product design and development risks;
                (4) The opening of capital markets and e-business development, so that further added to the currency risk, therefore, how to effectively guard against and resist a variety of risks and crises to enable enterprises to better manage the pursuit of innovation and development is an important aspect of financial resources.
                1.4 the existing financial institutions set up to finance a grave impediment to the quality of personnel information, know-oriented financial management. With the advent of the knowledge economy, all economic activities must be fast, accurate and full information-oriented enterprises should set up financial institutions is to manage the low level and intermediate links, and has more agile and efficient, and rapid characteristics, in our country Now enterprise's financial institutions, most of the middle-level and multi inefficiency, lack of innovation and flexibility, financial management personnel, financial management lags behind, the lack of financial knowledge, methods, backward, and a serious impediment to information, knowledge, financial management process.
                2. Knowledge Economy corporate financial management innovation
                2.1 Financial management objectives innovation. Enterprise Financial Management objective is closely linked to economic development, this goal is always to establish patterns of transformation as the economy and social progress continues to deepen, as the world economy to a knowledge-based transformation of enterprise knowledge assets, total assets in the enterprise in the an increasingly prominent position and role of knowledge is increasing updates, diffusion and application acceleration, a profound impact on production and operation management activities in all aspects of financial management objectives of the enterprise to a higher level.
                2.2 The management of financing innovation. Focus on corporate finance decision-making low-cost, low-risk financing of various forms of financial capital, knowledge-based economy to promote the development requirements of corporate finance management innovation, to have the funding shift the focus from financial capital, intellectual capital, this is because the intellectual capital is gradually replacing the traditional financial capital to become knowledge-based enterprise development in the heart of the capital.
                2.3 The optimization of capital structure innovation. Capital structure are different forms of capital, the main body of different capital sources, different length and different levels of various types of capital components, constitutes a dynamic combination of enterprise financial situation and the development strategy. Knowledge capital in the enterprise's status rose, so that the limitations of the traditional capital structure theory have become increasingly prominent, so it is necessary to optimize the capital structure of the knowledge required to identify the traditional financial capital and the ratio between intellectual capital through the financing and investment management, enable enterprises to achieve dynamic combination of various forms of capital income, the ratio between the risk and achieve business knowledge to maximize the amount of possession and use. Reposted elsewhere in the Research Papers Download http://www.hi138.com
                2.4 risk management innovation. The impact of financial risk management objectives an important factor in knowledge-based economy presents a high-risk venture capital operation and risk characteristics of diverse forms: First, knowledge of product prices in a very small proportion of the material costs of materials, while the development of a sharp rise in fixed costs, times to expand the business risks; Second, financial markets and the internal finances to make changes in the financial risk is more complicated; 3 is to develop knowledge assets, raise the level of uncertainty, expanded investment risk, To this end, innovative risk management approach: a regard to the various manifestations of risk effectively identify, determine the risk management objectives, on the other to establish a risk measurement reporting and control systems in order to take a reasonable risk management policies.
                2.5 Financial Analysis the content of innovation. As companies increase in intellectual capital, business performance, financial situation and development trend of more and more constrained by the role of intellectual capital on the analysis of knowledge capital and therefore constitute an important part of Financial Analysis: assessing the value of intellectual capital are regularly compiled by intellectual capital report reveals enterprises in technological innovation and changes in human capital and investment in customer loyalty benefit, so that information needs to understand the core competitiveness of enterprises and the development of the situation and to establish indicators for assessing intellectual capital, innovation indicators, efficiency indicators, market indicators and stability index, and conduct regular examinations to detect the problem questions.
                3. To achieve corporate financial management for innovative strategies
                3.1 change in the concept of corporate financial management. The rise of knowledge-based economy so that a major factor in the creation of corporate wealth, from materials and capital to intellectual capital, corporate finance can not only stare at physical capital and financial capital, we must change the concept of consciousness, we must first understand intellectual capital, and second, to recognize the intellectual capital third, to attach importance to and use of intellectual capital.
                3.2 The finance staff to improve the quality and innovation. Right, including intellectual capital of enterprises, including the overall capital market operation and management of highly specialized, technical, integrated and future-oriented, using traditional means of management of tangible assets is difficult to adapt to is the need to improve the adaptability of financial personnel and ability to innovate. The first is the financial officer have both broad theoretical basis for the economic and accounting, and good modern mathematics, law and networking technology base, followed by constantly absorb new knowledge and development of business information and, based on changing financial environment, the operation of the enterprise status and expanding the business scope of assessment and risk analysis, the third must be able to meet the requirements of knowledge-based economy, in accordance with international trends in financial innovation and capital of the morphological characteristics, using financial engineering tools for development financing and management of investment risks.
                3.3 actively carried out theoretical Research on intellectual capital. From China's current level of economic development, industrial structure and product mix, despite the near future there will not be a large number of enterprises with a knowledge-based enterprises, but business knowledge capital in the business share of total capital will increase rapidly, the enterprise's management philosophy will be continuously updated, it is necessary to intensify and accelerate to the intellectual capital to carry out theoretical studies to understand the elements of intellectual capital and market-oriented form, the search for knowledge capital and effective mode of operation and management methods, to determine the value of intellectual capital, knowledge capital in order to master the operation of specific operations program.
                3.4 The importance of intellectual property law in the use of financial management in the enterprise. In the traditional enterprise financial management, physical assets, the operation of the less involved with intellectual property law issues, with the intellectual capital has become the main form of venture capital forms of intellectual property protection is knowledge capital maintenance and appreciation of the basic premise, therefore, the implementation of the capital and its combination of physical capital, operation and management, intellectual property law must be combined operate to ensure that business goals. Reposted elsewhere in the Research Papers Download http://www.hi138.com