Literature review-------the reason of the talent flows from a state Essay

Literature review-------the reason of the giving flows from a commonwealth owned bank to a private bank - Essay ExampleHarnessing and understanding the knowledge of the employees, helps in improving the ability of the organization by getting the right knowledge to the right people. This leads to the concept of talent management that advocates certain important positions, which are seen to make significant contribution towards the proactive development of the talent pool in order to fill up position and helps the organization to sustain the competitive strategy. In context to the Chinese attempts talent definition and talent management recognition are quite unclear. aft(prenominal) the economic reform in mainland China that started in 1979, the management and structure of Chinese enterprises has undergone dramatic changes and a new type of enterprise namely private-owned enterprises have emerged. The private owned enterprises have become a significant contributor towards the growt h of the economy. Presently there are two types of enterprises that are operating in China the private-owned enterprises and the state-owned enterprises (Chow, 2004). This literature review focuses on the state owned and private enterprises, the state-owned and private banks in China and the selection and reward system that they follow. 2.1 State-Owned enterprise The State-owned enterprise refers to a business entity that is established by the local or state government and the supervisory officials working in this enterprise are all from the government. here the state-owned enterprises are signified as the firm that runs wholly through the funding of the state. This definition signifies the ownership term of the state-owned enterprises prior to the reform, where the privatization and corporatization has not been implemented fully. Since mid of 1990s the term state-owned and state-holding enterprises has been used (HDwiki, 2013). The state holding enterprises and state-owned enter prise refers to two different categories. The state holding enterprises are those firms, whose maximum shares are held by the government. On the some other hand the sate-owned enterprises are those that are wholly funded by the state. 2.1.1 Performance of State-owned Enterprises The productivity of the state-owned enterprises of China provides a tangled picture. In order to measure the process of the state-owned enterprises, their productivity and financial performance was compared with the non-state owned enterprises. This evaluation revealed that the state-owned enterprises outperformed as compared to the non-state owned enterprises till 1992. Deterioration in the productivity was noticed in the state sectors after 1992 and the non-state owned enterprises were seen to outperform. A study conducted in 1992 on the consumer electronics, cotton textiles and garment industry to find the efficiency or the absolute level of total productivity of the state-owned enterprise found that t he technical efficiency of the non-state owned enterprises were alike(p) as that of the state owned (Li, 2008). A study conducted by Jefferson et al., (2000) found that the efficiency of the state-owned enterprise reduced as compared to the collectively owned enterprise and the foreign invested enterprise. On the other hand when the financial performance was evaluated through various types of ratios related to tax on assets and profit, it was seen that until 1990 the performance of