The Research Of Capital-Budget Mangement Of One State-owned Telecom Enterprise

The article focus on the capital-budget management of state-owned enterprise,aims to find a way to improve the capital-budget management level.The reason I choose the theme is:large-scale investment is the typical characteristic of telecom career.In the 90s,the telecom investment per year in Sichuan province is about 10 billion.So the large-scale effect of investment and the pulling-effect on revenue is obvious.Now the state-owned telecom enterprises are face a new competition environment and new challenge such as more critical competition,revenue diffluence, profit-decrease and the restriction of stake-holder of capital-market.So the solution is to complete the transform from investment-pulling model to benefit-rise model.But strengthen the budget management is the precondition of capital-disbural efficiency.In fact,the budget management has become the base way of decision-making,control and self-restriction.The article is made up by three parts.Capital-budget theory , technology and the background of domestic telecom enterprise are introduced in Part1. In part2,we focus on the details of one state-owned telecom enterprise,diagonising the old capital budget rules and processes ,bringing out a optimized capital-budget management model .In addition,I design two application case in view of the value-management function and behavior-management function. At the end of the article,I make some conclusions and advices for state-owned telecom enterprisesAnyway,I try hard to applicate the idea of capital budget management to the practice of enterprise operation,bring out some simple but effective utlities,seek an optimized solution to capital budget of state-owned telecom enterprise So emphasizing on the practice is the most one of the article's characteristics.