In the global value chain small and middle-sized enterprises ought to consciously choose and develop their value-creating modes enhance their value-creating capabilities and upgrade from the lower end to the upper end along the global value chain.

Spin-out restructuring of diversified firms and corporate value creation;

News value concept and news value creation;

Ownership structure and value creation;

Cash Flow Management and Enterprise Value Creating;

This article is on the basis of the research achievement around the world,and discusses some problems including the concept of the Intellectual capital,classification,the value creating function and the way of value measurement etc.