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Built on Value
The Huawei Philosophy of Finance Management
Buch von Weiwei Huang
Sprache: Englisch

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Beschreibung
This book is open access under a CC BY-NC-ND 4.0 license.
This book presents the concept of value as the central component to success and longevity of the global ICT industry player, Huawei. It provides examples of how Huawei focuses on customers to pursue sustainable and profitable growth rather than focusing on capital market valuation which is a familiar scenario among Western companies. It is the business departments that are the creators of value for Huawei, while the finance department is tasked to provide support and services to those business departments during the value creation process. The book illustrates how Huawei Finance sets rules, allocates resources, and builds centers of expertise all over the world to address future uncertainties. More than a decade ago Huawei dedicated seven years to implement the Integrated Financial Services (IFS) Transformation Program with the help of IBM consultants. This book also draws on the leading concepts and successful experience of the IFS Transformation Program. Huawei Finance adopts three types of centralized vertical management from the top down: treasury, accounting, and auditing. It does not transfer such central authority down to lower levels, but delegates all other authority to business organizations across all levels. This management model represents the focus of this book. Built on Value provides an overview of Huawei's finance management and will help academic researchers in Business/Management, as well as practitioners in industry, an accurate and in-depth understanding of Huawei as a company.
This book is open access under a CC BY-NC-ND 4.0 license.
This book presents the concept of value as the central component to success and longevity of the global ICT industry player, Huawei. It provides examples of how Huawei focuses on customers to pursue sustainable and profitable growth rather than focusing on capital market valuation which is a familiar scenario among Western companies. It is the business departments that are the creators of value for Huawei, while the finance department is tasked to provide support and services to those business departments during the value creation process. The book illustrates how Huawei Finance sets rules, allocates resources, and builds centers of expertise all over the world to address future uncertainties. More than a decade ago Huawei dedicated seven years to implement the Integrated Financial Services (IFS) Transformation Program with the help of IBM consultants. This book also draws on the leading concepts and successful experience of the IFS Transformation Program. Huawei Finance adopts three types of centralized vertical management from the top down: treasury, accounting, and auditing. It does not transfer such central authority down to lower levels, but delegates all other authority to business organizations across all levels. This management model represents the focus of this book. Built on Value provides an overview of Huawei's finance management and will help academic researchers in Business/Management, as well as practitioners in industry, an accurate and in-depth understanding of Huawei as a company.
Über den Autor
Weiwei Huang is a professor at the School of Business, Renmin University of China, and previously headed the Business School's Department of Management Science and Engineering. He received the Master's Degree in Economics from the Industrial Economics Department of Renmin University of China. He is also a visiting scholar at the Desautels Faculty of Management of McGill University, the Ivey Business School of the University of Western Ontario, and the University at Buffalo School of Management.
His research interests include production and operations management, entrepreneurial management, and management policies. He is the author of Production and Operations Management, EVA Management Model, and Asymmetric Competition. He has served as a senior management consultant of Huawei since 1996 and was involved in drafting The Huawei Charter. He is also the editor-in-chief of several published works, including Out of Chaos, Dedication-The Huawei Philosophy of Human Resource Management, Customer Centricity-The Huawei Philosophy of Business Management, and Built on Value-The Huawei Philosophy of Finance Management Philosophy.
Zusammenfassung

Focuses on Huawei's financial management philosophy

Recommended by Chinese business elites and professors, such as Chuanzhi Liu (???), Qiren Zhou (???), Guoan Yang (???) and others

Assists overseas readers gain an accurate and in-depth understanding of Huawei

Inhaltsverzeichnis

1. Huawei's Business Goal.- 2. Huawei's Competition Strategy - A Financial Perspective.- 3. Remaining Flexible to Seize Opportunities amidst Uncertainties.- 4. Enhancing Core Competencies through Strategic Mergers and Acquisitions and Corporate Venture Capital Investment.- 5. Strengthening Risk Control and Compliance Management.- 6. Finding the Right Amount of Openness, Compromise, and Huidu, and Properly Balancing Expansion and Control.- 7. Guidelines for Value Management.- 8. Financial Management Throughout End-to-End Business Processes.- 9. Project Financial Management.- 10. Optimizing the Management Control System for Responsibility Centers.- 11. Developing a Better Planning, Budgeting, and Accounting System.- 12. Service and Oversight Functions of Accounting.- 13. Treasury Management.- 14. Tax Management.- 15. Internal Controls and Internal Audit.- 16. Digital Financial Management.- 17. Making Financial Management Process-based and Professional.

Details
Erscheinungsjahr: 2019
Fachbereich: Management
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: xxxvi
456 S.
ISBN-13: 9789811375064
ISBN-10: 9811375062
Sprache: Englisch
Herstellernummer: 978-981-13-7506-4
Ausstattung / Beilage: HC runder Rücken kaschiert
Einband: Gebunden
Autor: Huang, Weiwei
Auflage: 1st ed. 2019
Hersteller: Springer Singapore
Springer Nature Singapore
Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße: 216 x 153 x 31 mm
Von/Mit: Weiwei Huang
Erscheinungsdatum: 04.07.2019
Gewicht: 0,743 kg
Artikel-ID: 115529775
Über den Autor
Weiwei Huang is a professor at the School of Business, Renmin University of China, and previously headed the Business School's Department of Management Science and Engineering. He received the Master's Degree in Economics from the Industrial Economics Department of Renmin University of China. He is also a visiting scholar at the Desautels Faculty of Management of McGill University, the Ivey Business School of the University of Western Ontario, and the University at Buffalo School of Management.
His research interests include production and operations management, entrepreneurial management, and management policies. He is the author of Production and Operations Management, EVA Management Model, and Asymmetric Competition. He has served as a senior management consultant of Huawei since 1996 and was involved in drafting The Huawei Charter. He is also the editor-in-chief of several published works, including Out of Chaos, Dedication-The Huawei Philosophy of Human Resource Management, Customer Centricity-The Huawei Philosophy of Business Management, and Built on Value-The Huawei Philosophy of Finance Management Philosophy.
Zusammenfassung

Focuses on Huawei's financial management philosophy

Recommended by Chinese business elites and professors, such as Chuanzhi Liu (???), Qiren Zhou (???), Guoan Yang (???) and others

Assists overseas readers gain an accurate and in-depth understanding of Huawei

Inhaltsverzeichnis

1. Huawei's Business Goal.- 2. Huawei's Competition Strategy - A Financial Perspective.- 3. Remaining Flexible to Seize Opportunities amidst Uncertainties.- 4. Enhancing Core Competencies through Strategic Mergers and Acquisitions and Corporate Venture Capital Investment.- 5. Strengthening Risk Control and Compliance Management.- 6. Finding the Right Amount of Openness, Compromise, and Huidu, and Properly Balancing Expansion and Control.- 7. Guidelines for Value Management.- 8. Financial Management Throughout End-to-End Business Processes.- 9. Project Financial Management.- 10. Optimizing the Management Control System for Responsibility Centers.- 11. Developing a Better Planning, Budgeting, and Accounting System.- 12. Service and Oversight Functions of Accounting.- 13. Treasury Management.- 14. Tax Management.- 15. Internal Controls and Internal Audit.- 16. Digital Financial Management.- 17. Making Financial Management Process-based and Professional.

Details
Erscheinungsjahr: 2019
Fachbereich: Management
Genre: Importe, Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: xxxvi
456 S.
ISBN-13: 9789811375064
ISBN-10: 9811375062
Sprache: Englisch
Herstellernummer: 978-981-13-7506-4
Ausstattung / Beilage: HC runder Rücken kaschiert
Einband: Gebunden
Autor: Huang, Weiwei
Auflage: 1st ed. 2019
Hersteller: Springer Singapore
Springer Nature Singapore
Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, D-69121 Heidelberg, juergen.hartmann@springer.com
Maße: 216 x 153 x 31 mm
Von/Mit: Weiwei Huang
Erscheinungsdatum: 04.07.2019
Gewicht: 0,743 kg
Artikel-ID: 115529775
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