Built on value : the Huawei philosophy of finance management / Weiwei Huang.
Huang, Weiwei, author.
2019
HG4026 .H83 2019
Available Online

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Title Built on value : the Huawei philosophy of finance management / Weiwei Huang.
Author Huang, Weiwei, author.
ISBN 9789811375071 (electronic book)
9811375070 (electronic book)
9789811375064
Published Singapore : Palgrave Macmillan, [2019]
Language English
Description 1 online resource
Other Standard Identifiers 10.1007/978-981-13-7
Call Number HG4026 .H83 2019
Dewey Decimal Classification 658.15
Summary 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, whereas the finance department is tasked to provide support and services to those business departments and oversee their operations 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 rather 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, gain an accurate and in-depth understanding of Huawei as a company. Weiwei Huang is a professor at the School of Business, Renmin University, and previously headed the Business School's Department of Management Science and Engineering. He received his 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 at McGill University, the Ivey Business School at the University of Western On tario, and the University at Buffalo School of Management.
Access Note Access limited to authorized users.
Source of Description Description based on online resource; title from digital title page (viewed on July 23, 2019).
Available in Other Form Print version: 9789811375064
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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.

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