Research On Risk Management And Strategy Of Working Capital In Communication Enterprise

With the continuous development of communication enterprises and the gradual complexity of business,the role of working capital in the development of communication business is more and more important.The risk of working capital is also paid more and more attention and has become one of the most important factors that affect the production and operation of communication enterprises.The level of working capital risk management is not only related to whether the communication enterprises have sufficient funds for their daily operation,but also determines whether the enterprises can sustain their healthy development.The continuous improvement of the working capital risk management level will better promote the strategic planning and continuous operation of the telecommunications enterprises.This paper aims to optimize the risk management of working capital in communication enterprises.Based on the relevant literatures at home and abroad,this paper expounds the current research situation of the risk management of working capital in communication enterprises,and paves the way for the follow-up study.And then through the typical case of communication enterprises,analysis on the advantages and needs Improvement of working capital risk management in accordance with the actual situation of case enterprises.Then,from the perspective of the four important elements of working capital:cash,accounts receivable,inventory and capital liquidity,etc.the paper analyzes the risk of working capital of case enterprises and establishes the early warning index system of working capital risk of communication enterprises based on Delphi method,So as to further find out the main problems in the risk management of working capital of communication enterprises,and put forward a series of specific coping strategies.In the course of completing the research,this paper mainly adopts various research methods such as literature research,case study and Delphi method.This research focuses on the practice of communication enterprises,focusing on the practice in the specific environment of communication enterprises.After thorough research and analysis,this paper constructs the early warning index system of working capital risk of communication enterprises and puts forward the idea of fundamentally effectively controlling the risk of working capital,including optimizing the mode of operation and management of enterprises,establishing the enterprise pool management platform,improving accounts receivable accountability system and process management,promoting the application of ERP management system within and between enterprises,and establishing the enterprise-wide internal control system and any more.These research results have improved the theoretical understanding level of the current risk management of China's telecom enterprises,and also have good practical significance to strengthen the profitability and comprehensive management level.The effective implementation of these strategies will provide support for the risk of controlling the working capital of our communication enterprises,and to alleviate the capital turnover pressure of the enterprises to a certain extent.These will improve the efficiency of capital utilization,further enhance the ability of capital management and risk response of our communication enterprises,and improve the overall strength of the industry and market competitiveness.The full text is divided into six parts.The first part discusses the concept of working capital risk and the main work of the paper.The second part summarizes the relevant research results on the risk management of working capital both at home and abroad.The third part Take a case study of representative communication manufacturing enterprise F Company as an example.The fourth part analyzes and evaluates the risk of the working capital of the communication enterprise based on the case analysis,and puts forward the model of the working capital risk index system of the communication enterprise based on the Delphi method.The fifth part puts forward the countermeasures of risk management of working capital in China according to the above analysis.The sixth part is looking forward to the prospect and goal of risk management of working capital in communication enterprises.