Development of financial strategy for Huawei

Abstract

Currently, an increasing number of companies understand the need for effective financial management based on forecasting changes in environmental factors, the dynamics of the industry in general and the enterprise itself in particular. Financial strategy acts as a tool for effective financial management that allows companies to develop, move towards achieving goals and adapt to changes at the micro and macro levels. In this regard, the formation of a financial strategy that meets the interests of the company is of particular relevance. The main goal of the company should be the formation of an effective financial strategy that will increase the efficiency of economic activities. The lack of a well-grounded financial strategy leads to the fact that many reform projects are reduced only to the reorganization of the enterprise and a change in the terms of repayment of obligations, which in most cases does not lead to an increase in the efficiency of activities. Without significant changes in the areas of asset, capital, cost management, some companies, after a short-term success, again find themselves on the verge of bankruptcy. A rational financial strategy will allow the company to avoid many typical mistakes at the reform stage. This should be facilitated by good methodological support, which, among other things, will save time for creating a financial strategy