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Built on Value

The Huawei Philosophy of Finance Management

Authors: Huang, Weiwei

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  • Open Access
  • Focuses on Huawei's financial management philosophy
  • Recommended by Chinese business elites and professors, such as Chuanzhi Liu (柳传志), Qiren  Zhou (周其仁), Guoan Yang (杨国安) and others
  • Assists overseas readers gain an accurate and in-depth understanding of Huawei
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  • ISBN 978-981-13-7507-1
  • This book is an open access book, you can download it for free on link.springer.com
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  • ISBN 978-981-13-7506-4
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About this book

This book is open access under a CC BY-NC-ND 4.0 license.

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, while the finance department is tasked to provide support and services to those business departments 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 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, an accurate and in-depth understanding of Huawei as a company.

About the authors

Weiwei Huang is a professor at the School of Business, Renmin University of China, and previously headed the Business School's Department of Management Science and Engineering. He received the 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 of McGill University, the Ivey Business School of the University of Western Ontario, and the University at Buffalo School of Management.
His research interests include production and operations management, entrepreneurial management, and management policies. He is the author of Production and Operations Management, EVA Management Model, and Asymmetric Competition. He has served as a senior management consultant of Huawei since 1996 and was involved in drafting The Huawei Charter. He is also the editor-in-chief of several published works, including Out of Chaos, Dedication—The Huawei Philosophy of Human Resource Management, Customer Centricity—The Huawei Philosophy of Business Management, and Built on Value—The Huawei Philosophy of Finance Management Philosophy.

Table of contents (17 chapters)

Table of contents (17 chapters)
  • Huawei’s Business Goal

    Pages 3-30

    Huang, Weiwei

  • Huawei’s Competition Strategy: A Financial Perspective

    Pages 31-82

    Huang, Weiwei

  • Remaining Flexible to Seize Opportunities Amidst Uncertainties

    Pages 83-106

    Huang, Weiwei

  • Enhancing Core Competencies through Strategic Mergers and Acquisitions and Corporate Venture Capital Investment

    Pages 107-112

    Huang, Weiwei

  • Strengthening Risk Control and Compliance Management

    Pages 113-140

    Huang, Weiwei

Buy this book

eBook  
  • ISBN 978-981-13-7507-1
  • This book is an open access book, you can download it for free on link.springer.com
Hardcover $59.99
price for USA in USD
  • ISBN 978-981-13-7506-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Built on Value
Book Subtitle
The Huawei Philosophy of Finance Management
Authors
Copyright
2019
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-981-13-7507-1
DOI
10.1007/978-981-13-7507-1
Hardcover ISBN
978-981-13-7506-4
Edition Number
1
Number of Pages
XXXVI, 456
Topics