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5 - Financial Management Transformation in Huawei

Published online by Cambridge University Press:  21 March 2020

Xiaobo Wu ,
Johann Peter Murmann ,
Can Huang  and
Bin Guo
By
Can Huang  and
Xiao Chen
Xiaobo Wu
Affiliation:
Zhejiang University, China
Johann Peter Murmann
Affiliation:
Universität St Gallen, Switzerland
Can Huang
Affiliation:
Zhejiang University, China
Bin Guo
Affiliation:
Zhejiang University, China
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Summary

Management transformation in the financial management area has contributed significantly to the competitiveness of Huawei. Four Standardizations was the first large-scale financial management transformation project implemented in the company from 1998 to 2007. In 2007, Huawei started a more ambitious Integrated Financial Services project with assistance from IBM consultants, which lasted until 2014. This chapter documents the background, motivation, activities and impacts of these two financial management transformation projects and discusses Huawei’s experience in successfully implementing management transformation in the financial area. It also highlights that Huawei’s employee ownership and financial management strategy with its own characteristics determine the focus of the financial management transformation projects.

Keywords

HuaweiFinancial Management TransformationFour StandardizationsIntegrated Financial ServicesIBM consultantsEmployee OwnershipRoutines
Type
Chapter
Information
The Management Transformation of Huawei
From Humble Beginnings to Global Leadership
 , pp. 171 - 208
Publisher: Cambridge University Press
Print publication year: 2020

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