Research Of Financial Management Based On Value Chain

Along with the progress of modern science and technology and the rapid development of fertility,the world economy trends to be globalization and the integration competition between enterprises from regional to global competition.In the face of fierce market competition,the enterprise that can absorb the fastest modern management theory and methods,and applied to the modern enterprise management,he will gain a competitive initiative.In this environment,"Value chain" management thinking is emerging,it is first bring forward by the United States Masters·Michael Porter in his book "competitive advantage".The objective Value chain management is to identify the key value of business value chain,carry out all value chain aspects of the optimization,integration,strengthening its value chain of business activities,In this environment,"Value chain" management thinking is emerging,it is first bring forward by the United States Masters·Michael Porter in his book "competitive advantage".The objective Value chain management is to identify the key value of business value chain,carry out all value chain aspects of the optimization,integration, strengthening its value added activities of business value chain,eliminate the un-increment value operational activities in the entire value chain to reduce the cost,to access value maximization of value chain,its essence is to create or maintain the competitive advantage of enterprises to achieve the ultimate goal of businessenterprise value maximization.The research of financial management Based on value chain is very essential,in the economic globalization and the rapid development of a knowledge-based economy premise,enterprise management's philosophy and approach has a tremendous change, the financial management objectives has been to maximize profits from the enterprise development to maximize the value of the enterprise,financial management studies should focus on value added activity,integrate the value chain management and information technology,combine the management objective of maximizing the value of enterprises on the value chain.Based on this,the authors suggest that research financial management based on value chain has a large theoretical and practical significance. In this paper the author research the concept of the value chain,bring the value chain thinking to financial management,Focuses on the practices of financial management based on value chain.Include the following elements:1,on the value chain thinking,how to integrate business activities,accounting and financial management activities.2,discussed how to achieve the effective management of funds in the value chain thinking.3,studied under the idea of the value chain,enterprise sales, purchasing,inventory and other business activities in the financial management activities.Finally,the authors put forward a number of follow-up thinking,and evaluation of the shortcomings of this paper.