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The Study Of Finance In DL Company's Growth Management

Posted on:2004-05-25Degree:MasterType:Thesis
Country:ChinaCandidate:T ZhengFull Text:PDF
GTID:2156360095953177Subject:Business Administration
Abstract/Summary:PDF Full Text Request
It is not always correct that the faster the enterprises grow, the better they are. The enterprises should grow at a moderate speed. It means that their increasing speed should be harmony with their sustainable growth rate (SGR). Then, it is necessary for an enterprise to put its growth under control. Nowadays, the study of growth management is relatively weak, not only in theoretical field, but also in management practice. Based on the sustainable growth theory, and following the essence of growth management, this thesis analysis the contents, the procedures and the methods of growth management from the point of view of modern finance theory. Then, the author expatiates on the model of growth management. After that, the author applies it to DL Company's growth management practice. DL Company is a high-tech private enterprise. The study of its growth management will be beneficial to improving the growth management level of private enterprises.As the basis of enterprise growth management, sustainable growth theory mainly comprises sustainable growth rate and sustainable growth equation. Enterprise growth management contains five key elements: objective growth rate, net interest rate in sale, property rate of turnover, rights multiple and subsist-profit ratio. The enterprise growth management consists of following three basic contents: environment analysis, type analysis of growth objective, measureanalysis.In this article, the author compares DL Company's objective rate with its SGR, and judge the type of DL Company's objective growth rate. Then, the author points out that, in order to realize the balance between the objective growth rate and SGR, DL Company should increase its SGR through raising the operation efficiency and revising the finance policy. At last, the author determines the appropriate objective growth rate in 2003.
Keywords/Search Tags:growth management, sustainable growth rate, objective growth rate
PDF Full Text Request
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