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Table of contents

  1. Front Matter
    Pages i-xxxvi
  2. Part I

  3. Part II

    1. Front Matter
      Pages 175-175
    2. Weiwei Huang
      Pages 177-209 Open Access
    3. Weiwei Huang
      Pages 211-246 Open Access
    4. Weiwei Huang
      Pages 247-274 Open Access
    5. Weiwei Huang
      Pages 329-346 Open Access
    6. Weiwei Huang
      Pages 347-362 Open Access
    7. Weiwei Huang
      Pages 363-371 Open Access
    8. Weiwei Huang
      Pages 373-415 Open Access
    9. Weiwei Huang
      Pages 417-432 Open Access
    10. Weiwei Huang
      Pages 433-446 Open Access
  4. Back Matter
    Pages 447-456

About this book

Introduction

This book presents the concept of value as the central component to success and longevity of the global ICT industry player, Huawei. It provides examples of how Huawei focuses on customers to pursue sustainable and profitable growth rather than focusing on capital market valuation, which is a familiar scenario among Western companies. It is the business departments that are the creators of value for Huawei, whereas the finance department is tasked to provide support and services to those business departments and oversee their operations during the value creation process. The book illustrates how Huawei Finance sets rules, allocates resources, and builds centers of expertise all over the world to address future uncertainties. More than a decade ago Huawei dedicated seven years to implement the Integrated Financial Services (IFS) Transformation Program with the help of IBM consultants. This book also draws on the leading concepts and successful experience of the IFS Transformation Program. Huawei Finance adopts three types of centralized vertical management from the top down: treasury, accounting, and auditing. It does not transfer such central authority down to lower levels, but rather delegates all other authority to business organizations across all levels. This management model represents the focus of this book. Built on Value provides an overview of Huawei's finance management and will help academic researchers in Business/Management, as well as practitioners in industry, gain an accurate and in-depth understanding of Huawei as a company.

Weiwei Huang is a professor at the School of Business, Renmin University, and previously headed the Business School's Department of Management Science and Engineering. He received his Master's Degree in Economics from the Industrial Economics Department of Renmin University of China. He is also a visiting scholar at the Desautels Faculty of Management at McGill University, the Ivey Business School at the University of Western Ontario, and the University at Buffalo School of Management.


Keywords

Open Access Huawei Financial Management Competitive Strategy Core Competencies Risk Control Treasury Management

Authors and affiliations

  • Weiwei Huang
    • 1
  1. 1.School of BusinessRenmin University of ChinaBeijingChina

Bibliographic information

  • DOI https://doi.org/10.1007/978-981-13-7507-1
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2019
  • License CC BY-NC-ND
  • Publisher Name Palgrave Macmillan, Singapore
  • eBook Packages Business and Management
  • Print ISBN 978-981-13-7506-4
  • Online ISBN 978-981-13-7507-1
  • Buy this book on publisher's site
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