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OverviewThis 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. Full Product DetailsAuthor: Weiwei HuangPublisher: Springer Verlag, Singapore Imprint: Springer Verlag, Singapore Edition: 1st ed. 2019 Weight: 0.638kg ISBN: 9789811375095ISBN 10: 9811375097 Pages: 456 Publication Date: 14 August 2020 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of Contents1. 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.ReviewsAuthor InformationWeiwei 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. Tab Content 6Author Website:Countries AvailableAll regions |
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