The Establishment And Implement Of Financial Strategic Plan Of First Corporation

Management Game is a practical enterprise management project originated by Carnegie Mellon University of USA. Depending on the technology of the computer network, it becomes education courses of the global business administration. Utilizing the simulating system, student from different countries in the world are experiencing the main management process of large enterprises:establishment and implementation of the overall strategy; the decision-making and implement of the functional strategies for production, research and development, product sales and finance. Basically, MG reflects all the important processes of the management, from the analyses of the external situation and the internal condition to recognizing the competition advantages and establishing the developing strategy until confirming the strategic goal and allocate it to each functional department. The control is being done during every important step of the management.First Company of author participating, one of the 100 dummy companies that participate MG, is an international company whose mother country is USA. It sets up the manufacturing, researching and developing bases in America and Mexico. The wristwatch of high or middle grade is the main product and sold to six countries of three continents including advanced and developing countries. On the basis of the management from 2006to 2008 simulated by First Company, the article expatiates the financial managing job in the process of the enterprise management, including annually financial analysis and appraising, the financial status and the existing problems are made definite through the contrasting of analysis with the competing company, set up financial strategies (including financing, investing, allocation of the operation capital and the stock dividend, elusion of the foreign exchange etc) and along with the adaptive 3-year continuous rolling financial plan, workout financial budget etc.To make the financial appraisal of the enterprises, the article mainly uses the financial ratio analysis and the listed company ratio analysis and the Wall Analyzing System to make the contrast analysis on the financial status of each quarter and the past years. Applying the direct way, the regulation way of the net profit and loss and the sales percentage to make the financial forecast. By running the management game, We promoted the ability of financial stratagem implementation, the applied ability of some principles and methods about financial management. In the mean time, with running the management game, lift the ability of MBA students to run a company. Strengthen the contacts and exchanges between MBA students; lift the efficiency of teamwork. MBA students can be benefited to train the spirit of teamwork, it lays a foundation for MBA students being senior managers in enterprises. A scientific management methods for MBA students, lift the practical abilities of MBA students.