企業不同發展階段，股權激勵方式不同：

In different development stages, equity incentive methods are different

（一）創業型企業

（1） Entrepreneurial enterprises

企業初創期，缺的就是人才。這個時候核心的是穩定人才，讓大家看到未來發展希望。這個時候可以運用核心合伙人參與利潤分紅方式。

In the start-up period of an enterprise, what is lacking is talent. At this time, the core is to stabilize talents and let everyone see the hope of future development. At this time, core partners can be used to participate in profit sharing.

創業型企業開始需要人才，這個時候運用這種方式吸納核心人才是一個好方法。創立伊始，公司幾個核心合伙人有的出資方式、有的以能力入股，當然對于股份的規定尤為重要。運用利潤分紅的干股形式，一方面吸引能人、另一方面穩定核心團隊。比如技術偏重型公司可以以技術入股方式，這種股份一般是內部協議形式，以技術入股方式，這種股份沒有投 票權、表決權，只是享有一種分紅性質。

Entrepreneurial enterprises start to need talents. At this time, it is a good way to absorb core talents in this way. At the beginning of its establishment, some of the core partners of the company contributed capital and some of them invested in shares by ability. Of course, the regulations on shares are particularly important. On the one hand, it can attract talents and stabilize the core team. For example, technology heavy companies can share in the form of technology, which is generally in the form of internal agreement. This kind of shares have no voting rights or voting rights, but enjoy a dividend nature.

這種股份形式，主要用來凝聚團隊，只要公司整體向好，員工的行動性是可以被充分調動。就好比是一架前行的戰車，在這個戰車上，所有的員工需要“綁在一起”努力奮斗，而利潤分紅則是將團隊綁在一起的“利益鏈條”。

This kind of stock form is mainly used to unite the team. As long as the company is good as a whole, the mobility of employees can be fully mobilized. It is like a chariot moving forward. On this chariot, all employees need to "tie together" and strive hard. The profit sharing is the "interest chain" that ties the team together.

（二）成長型企業

（2） Growth Enterprise

成長型企業一般是指公司稍具規模、存在間接管理的公司。自己一個人看不過來了，需要設置一些職能部門，公司形成由上至下管理方式。這個過程中，企業的員工激勵顯得尤為重要。因為隨著間接管理越來越多，公司整體運營效率是不斷下降的，各個部門之間的互相推諉、權責不分等現象逐級加大。

Growth type enterprise generally refers to the company with a little scale and indirect management. I can't see it by myself. I need to set up some functional departments and form a top-down management mode. In this process, employee motivation is particularly important. Because with more and more indirect management, the overall operation efficiency of the company is declining, and the phenomenon of shifting responsibilities and responsibilities among various departments is increasing step by step.

為了抓起公司的整體運營效率，穩定中堅力量，股權激勵是越來越多企業的選擇。這個過程中，企業需分不同的發展形式來做股權激勵。從晉商的發展來看，其身股與銀股結合的股權激勵方式是當今家族企業可以優先選擇的一種方式。

In order to grasp the overall operation efficiency of the company and stabilize the backbone, equity incentive is the choice of more and more enterprises. In this process, the enterprise needs to be divided into different forms of development to do equity incentive. From the perspective of the development of Shanxi merchants, the combination of personal shares and bank shares is a preferred way for family enterprises.