企业不同发展阶段，股权激励方式不同：

In different development stages, equity incentive methods are different

（一）创业型企业

（1） Entrepreneurial enterprises

企业初创期，缺的就是人才。这个时候核心的是稳定人才，让大家看到未来发展希望。这个时候可以运用核心合伙人参与利润分红方式。

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.

创业型企业开始需要人才，这个时候运用这种方式吸纳核心人才是一个好方法。创立伊始，公司几个核心合伙人有的出资方式、有的以能力入股，当然对于股份的规定尤为重要。运用利润分红的干股形式，一方面吸引能人、另一方面稳定核心团队。比如技术偏重型公司可以以技术入股方式，这种股份一般是内部协议形式，以技术入股方式，这种股份没有投 票权、表决权，只是享有一种分红性质。

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.

这种股份形式，主要用来凝聚团队，只要公司整体向好，员工的行动性是可以被充分调动。就好比是一架前行的战车，在这个战车上，所有的员工需要“绑在一起”努力奋斗，而利润分红则是将团队绑在一起的“利益链条”。

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）成长型企业

（2） Growth Enterprise

成长型企业一般是指公司稍具规模、存在间接管理的公司。自己一个人看不过来了，需要设置一些职能部门，公司形成由上至下管理方式。这个过程中，企业的员工激励显得尤为重要。因为随着间接管理越来越多，公司整体运营效率是不断下降的，各个部门之间的互相推诿、权责不分等现象逐级加大。

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.

为了抓起公司的整体运营效率，稳定中坚力量，股权激励是越来越多企业的选择。这个过程中，企业需分不同的发展形式来做股权激励。从晋商的发展来看，其身股与银股结合的股权激励方式是当今家族企业可以优先选择的一种方式。

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.