System Transition, Management Upgrade, and Growth of Private Enterprises : Huafeng Group Corporation Sample of Zhejiang Province

Abstract

Since the 1990s, private enterprises have developed as an important force in China's economic growth. However, they also need to resolve many issues in the process of their development. This article demonstrates that the system transition of enterprises and innovation of management models have a decisive significance in the current phase of development of China's private enterprises. It summarizes "the three dimensional models" of the growth management of private enterprises, and offers some valuable suggestions for managing the direction and pace of growth in different growth phases and the driving force of private enterprises.