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The Optimization Of Enterprise Group Funds Management System: A Case Study On Sinochem

Posted on:2009-08-29Degree:MasterType:Thesis
Country:ChinaCandidate:A R ZhangFull Text:PDF
GTID:2189360275491028Subject:Business Administration
Abstract/Summary:PDF Full Text Request
As a result of the international integration of market and substantial development of information technology, the competition between the corporations is growing fierce. An intensified control and highly efficient operation on the funds are necessary to modern enterprise-groups management. The corporations have to make a quick reaction to the market changes in order to survive and thrive, which drive the companies to take the form of enterprise groups. And the structure of the organization is becoming much more flat and inter-linked. The financial management is an essential part of the enterprise management, while the funds management is the core part of the financial management. For all the reasons above-mentioned, the enterprise group should make a great effort to pursue the funds centralization, enjoying the returns of scale coming from enterprise group funds management.Sinochem Corporation, under the direct supervision by S.A.S.A.C, has been enjoying a leading position in funds management among the domestic enterprise groups. And as the organizational reconstruction and operational improvement proceed, new challenges have been raised towards Sinochem's funds management. This paper begins with the comparison of funds managing practices between domestic enterprise groups and their overseas counterparts. And then we focus on the funds managing practice conducted by Sinochem Corporations in order to reveal the causes for existing problems. On the basis of previous study, this paper discusses the feasibility of the improvement and innovation to the Sinochem's funds management system. It concludes that the funds management should be extended to the dynamic control over the process from the stationary management about the result. We also need to establish a sound funds management system to exploit the financial advantage of the Sinochem as a whole, and to eliminate the financial risk while enhancing the efficiency of funds operation. At last, we hope to shed some light on the further development of domestic enterprise groups funds management system through a case study on Sinochem.
Keywords/Search Tags:Enterprise Group, Funds Centralization Management, Funds Management System
PDF Full Text Request
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