本文通过自由现金流量折现模型推导并论证了该模型与经济利润模型的等价性,并指出经济利润是企业战略管理重要指标。经济利润描述了战略管理利润和效率两个维度,并且决定着企业战略主题的内容。内部流程是完成企业战略目标的途径,而经济利润是流程选择和流程优化的标准。 This paper deduces and demonstrates the equivalence between the model and the economic profit model through the free cash flow discount model, and points out that the economic profit is an important index of strategic management. Economic profit describes the two dimensions of strategic management profit and efficiency, and determines the content of corporate strategy. Internal processes are the way to accomplish the strategic goals of an enterprise, while economic profit is the standard for process selection and process optimization.