Management Practices in High-Tech Environments and Enterprises in the People's Republic of China

The Chinese government has paid a great deal of attention to building high-tech industrial parks or development zones since China began the policy of economic reform and opening to the outside world in 1978. This paper introduces Chinese government policies toward the high-tech environment and establishing high-tech economic development zones. It discusses current managerial practices and problems in Chinese high-tech enterprises. Based on the qualities of knowledge innovation and venture capital management of high-tech enterprises, it proposes a series of effective measures to set up a new managerial system that is suitable, from the perspective of both the government and the enterprises, for managing Chinese high-tech enterprises. The new high-tech enterprise management system can ultimately help to improve China's independent innovation capability, enhance core competencies and core competitive technology in the global high-tech environment, and make the development of Chinese high-tech enterprises realize internationalization, industrialization, and marketization.