Three-dimensional Interlocking Professional Management Mechanism of Agricultural Family-Owned Enterprise

Shen Zhong-ming and Zhang Cheng-jun

Asian Agricultural Research, 2010, vol. 02, issue 01, 5

Abstract: The establishment of the three-dimensional interlocking professional management mechanism of agricultural family-owned enterprise was studied through the following three mechanisms; the stimulation and restriction mechanism within the agricultural family-owned enterprises, the credit mechanism of professional manager and the social environment mechanism. The relationship between the agricultural family-owned enterprise, professional manager and the society was studied. In the first place, the relationship between the agricultural family-owned enterprise and the professional manager belongs to the principal-agent relations, which means that the family-owned enterprise entrusts the professional manager with the operational rights and the professional managers try to preserve and increase the value of the enterprise with his knowledge and competence. In the second place, the family-owned enterprise must obey social norm and accept social supervision. In the third place, the professional manager is the outcome of social economy, so his existence and development are affected by several social factors. The three-dimensional interlocking professional management mechanism of agricultural family-owned enterprise, which was interrelated and interacted by agricultural family-owned enterprise, the professional manager and social factors, was put forward. The mechanism is the general term of the interrelations and the operational rules of the three aspects. The functions and organic integration of the agricultural family-owned enterprises, the professional manager and social supervision in the interlocking mechanism were introduced. The credit system of the three aspects was analyzed.

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ags:asagre:93237

DOI: 10.22004/ag.econ.93237

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