The Innovation And Application Of The Financial Centralization In China Mobile On The Province Level

China Mobile is a young and dynamic state-owned telecom carrier with the first class scale in the world;its management is also in a leading position in domestic communication industry.But with the asymmetrical industry control,the lower price level,the coming of new competitors,as well as with the critical consumers,China Mobile faced great difficulty to maintain its sustained advantage.To respond to the new industry environment,the China Mobile Group has developed a "One China Mobile" strategy in recent years,in order to achieve integrated management, integrated networks and integrated services.As the finance management plays an important role in the enterprise,it is a new challenge to the finance department to open up ways to satisfy the requirements of the restructured management strategy and to meet the needs of operation and management.To cope with such a challenge,the finance department planned its own strategic evolution that from a bookkeeping and management role to a value added one,and positioning itself as an outstanding organization with excellent strategy operation, management control,information integration and team motivator.However,it is still a subject to study and map that how to realize the vision and carry out the objective.In this essay,with the use of mesoscopic business model theory,the author analyzes the current finance management of China Mobile on the province level,and points out that there are many aspects can be improved,such as bookkeeping,cash management,and supporting system.In order to optimize the current finance management,the author conducts a comparative study on the best practices cases of finance management from which references and solutions that can be drawn on.Then, to assure the management model rebuilt successfully,by the research on the value claim,value support and value protection and their mutual affection of the finance management in the framework of innovation design,the author proposes a solution to improve the value of finance management.The solution suggests that some regular and routine financial affairs should be centralized,the organization should be rebuilt and the supporting system should be reconstructed.The author also elaborates the building of shared services centre,supporting system,presents the panoramic process in the rebuilding of new centralized finance management model.The essay is composed of four chapters as follows: Chapter One,the causes of finance management innovation.The author introduces some background knowledge of finance management model,analyzes the problems and challenges that the current finance management faced.Chapter Two,the references drawn on best practice.With the use of mesoscopic business model theory,the author analyzes every aspect of the current finance management and traces back to the root of problems.Then the author introduces some good cases of finance management,and finds out the reference and solutions that can be drawn on.The author also analyzes the necessity and feasibility for the optimization of the current finance management.Chapter Three,the rebuilding of centralized finance management.To cope with the transformation of financial value claim,the author proposes an internal structure oriented innovation idea of centralized finance management in the framework of innovation design,and elaborates the details and processes of the rebuilding of value support system,for example,the building of shared services centre,the centralization of cash management,and the design of financial information platform.Chapter Four,the operation and protection of centralized finance management. The author describes the finance organization's structure after centralization,as well as the transformation of the branch company's financial functions in details.In addition,the author points out a few aspects of value protection that should be focused on in the implementation of centralized financial management.