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Study on China Mobile Internationalization Financial Management Model-PEOPLES Case

Author: LiuWei
Tutor: ChenHanWen
School: Xiamen University
Course: Business Administration
Keywords: China Mobile Financial Management Case
CLC: F626.115
Type: Master's thesis
Year: 2008
Downloads: 409
Quote: 0
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Abstract


China Mobile acquired China Resource Peoples Telephone Company in 2006, which is the first step of acquiring new oversee company as well as oversee operation for China Mobile. After that, China Mobile acquired Phoenix TV’s 25% shares in HK and Paktel’s total shares in Pakistan subsequently.How to operate the acquired companies successfully, and what kind of financial management methods should be utilize in the new acquired companies, are the crucial problems. There are two financial management methods, one is centralization management, and the other is distribution power to subsidiaries. Both management methods have their advantage and disadvantage. Each company can choose different methods according to their actual situation and different developing phrase they are operating.In China Mobile’s HQ, there are many trained and professional financial manager with good education and financial experience. However, all of them are lack of oversee financial management experience. China Mobile’s financial Dept. is focusing on centralization of subsidiaries’ financial management. We should consider about the above-mentioned situation when we decide to choose a financial management methods to oversee company. On the basis of analysis, I point out in the beginning stage of acquired a oversee company we distribute majority power to oversee company, and centralize power with getting more knowledge to oversee operation gradually. No matter which method is chosen in financial management. The unification of accounting system, performance appraisal and financial report standards should be handled in urgent time.After acquisition, Peoples restructured financial Dept’s organization chart, unified financial report policy, and issued KPI of performance appraisal. China Mobile keeps using some Peoples’ good financial management policy, for instance, the cost control policy. Meanwhile, China Mobile intensify the management of risk control and internal control so as to low down the oversee company’s comprehensive risk. In the process of integration, we met many obstacles due to no clear strategy and power distribution.I draw my opinions about how to better manage acquired oversee company from Peoples case. These are as following suggestions: 1.Making a clear company strategy as soon as acquisition finished. 2. Clarifying HQ and subsidiary’s power ASAP. 3. Unifying the accounting system. 4. Keeping the good traditional management method of acquired company.

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CLC: > Economic > Posts and Telecommunications economic > Telecommunications > Telecommunications business organization and management > Phone company > Corporate organization and management > Financial management, economic accounting
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