Research On Financial Strategic Management Of Securities Companies

This paper aims to study the application of strategic thinking to Securities Companies'financial management. The author defines the concept of strategy, finance and strategic management firstly ,followed which the research question is clarified. Next, the author describes the processes and general model of strategic management, and then applying this general model to analyze the processes of Securities Companies'financial strategic management from four aspects. Finally, the author provides a case of a real-life Security Company, and illustrates how this Security Company carries out its financial strategic management. The author gets four conclusions from this research:Firstly, Securities Companies confront both a favorable and an unfavorable environment. But the favorable or unfavorable degree is different to separate Security Company. So it is necessary to apply different financial strategies to distinct Security Companies.Secondly, the objectives of Securities Companies'financial strategies should be dominated by the interests of multiplex investors, and also considers the interests of government, creditors and social public. The arrangement integrates the interests of different parties.Thirdly, to be aligned with the financial strategy, Securities Companies should strengthen the construction of organization structure. In order to execute financial strategy effectively, Securities Companies should build a strategic development committee which is directed by General Manager and responsible to Board of Directors.Fourthly,it should be an overall and thorough process to control or evaluate the financial strategy . Not only the results which happened during financial strategy implementation process should be controlled and assessed, but also the bases of financial strategy, the emergencies and the uncertain information should be controlled and assessed The main contribution of this paper is to apply an overall strategic management process to Securities Companies'financial management. The author also gives a case study to make the theory more practically, and offers further research opportunities for the future study.