Mr Hefner’s offer of $6.15 a share values Playboy Enterprises at a mere $207m, down from about $1 billion in its prime in 1999, when it briefly posed as a hot dotcom stock.

休•海夫纳先生每股开价6.15美元，那么花花公子企业仅仅价值2.07亿美元，比1999年的峰值10亿美元大幅降低。 那年它一度成为热门的网络公司股票。

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In this design, with the ability to embody different levels of the enterprises employees have different values.

在薪酬设计上，要以人的能力为基础，体现企业组织不同层级的员工所具有的不同价值。

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However, these ideas are all difficult to explain the core competence of enterprises and their abilities of creating values.

但这些观念都难以解释企业核心能力和企业创造价值的能力。

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And for many goods and services, new business frameworks are emerging: federations of enterprises--from a variety of sectors--that share collaborative values and goals are increasingly capable of distributing valued assets directly to individuals, enabling them to determine exactly what they will consume, as well as when and how.

FORBES: McKinsey Quarterly