Abstract

This paper extensively discusses the developmental issues of planning, organizing, personnel, motivation and control in the economic management of enterprises on improving the importance and effectiveness of innovative initiatives to modernize the economic management of enterprises. In article authors highlights five steps in the innovation of the internal operating mechanism of enterprise economic management: 1) to study the benefits of modernization and innovation in enterprise economic management, including system enhancement, manufacturing temptation and better decision-making; 2) reforming the enterprise management mode; 3) enhancing the operational vitality of the enterprise; 4) to improve the decision-making efficiency; 5) discovering the various problems existing in the enterprise and adjusting them in time, and actively responding to the challenges of modernization and innovation; 6) enterprises should actively innovate and optimize the economic management system; 7) strengthening the management of the employees, maximizing the potential productivity and productivity; 8) improving the modernization and efficiency of enterprises; 9) expanding of talent pool of enterprises to improve employee loyalty and reduce the turnover rate of enterprises.

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