Built on Value The Huawei Philosophy of Finance Management
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 o
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Weiwei Huang
Built on Value “Huawei is an enterprise that deserves respect and is worth learning from. The great importance placed by this tech company on financial management offers us inspiration and insight.” —Liu Chuanzhi, Chairman of the Board of Legend Holdings Corporation, and Founder of Lenovo Group Limited “Enabling ‘lead to cash’, engaging in project operations, ensuring internal and external compliance, using the certainty of rules to deal with the uncertainty of results, allowing flexibility while also ensuring standard operations, rapidly striking a balance and then actively disrupting the balance, and inspiring dedication based on customers’ interests… These are what Huawei Finance has done. Huawei’s financial management practices have redefined the logic behind traditional financial management, and opened a door to a broader world for Chinese enterprises that are working hard to catch up and overtake their global competitors.” —Wu Xiaobo, Director of the National Institute for Innovation Management, School of Management, Zhejiang University “Huawei is a world-class Chinese company that is capable of going head-to-head with the best in the global market. To compete successfully, Huawei focuses on delivering value to customers rather than just reducing costs. Huawei is also able to create value by leveraging the strengths of China. This does not only refer to cheap labor, but also to talented R&D employees who truly grasp core technologies. However, just hiring these talented people isn’t a guarantee to unlock their potential. That’s why Huawei chooses to distribute shares to its employees. The company knows how to fully motivate employees and inspire dedication. These three points are what have made Huawei what it is today.” —Yang Guoan, Management Professor at the China Europe International Business School
Weiwei Huang
Built on Value The Huawei Philosophy of Finance Management
Weiwei Huang School of Business Renmin University of China Beijing, China
ISBN 978-981-13-7506-4 ISBN 978-981-13-7507-1 (eBook) https://doi.org/10.1007/978-981-13-7507-1 © The Editor(s) (if applicable) and The Author(s) 2019 This book is an open access publication Open Access This book is licensed under the terms of the Creative Commons AttributionNonCommercial-NoDerivatives 4.0 International License (http://creativecommons.org/ licenses/by-nc-nd/4.0/), which permits any noncommercial use, sharing, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence and indicate if you modified the licensed material. You do not have permission under this license to share adapted material derived from this book or parts of it. The images or other third party material in this book are included in the book’s Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the book’s Creative Commons licence and your intended use is not permitted by statut
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