Financial Strategy Research Of China Shipbuilding Industry Based On Value Chain Management

With the competitive environment changes and the impact of information technology,the future competitiveness of enterprises will no longer be only a single enterprise or enterprise group competition,but between the value chain and value chain. As the development of strategic management thinking,domestic and foreign enterprises are more and more attention to the role of value chain management.Financial management should also adapt to the new situation at this time as the value management activities,combining with strategic management,value chain management, and information technology to conduct in-depth research to a new perspective to the development of financial management.Shipbuilding industry has characteristics different from other industries,which bring along a number of industrial chains;financial management is also very complicated,Chinese government attaches great importance to the shipbuilding industry development under the current financial crisis.Research on financial strategy of China shipbuilding industry based on value chain management,not only explore the theory whether there is any industry character for the financial strategy but also has a practical significance to guide the shipbuilding industry practice.This article leads to study of shipbuilding "strategic link" financial strategy from three clues of shipbuilding industry's vertical value chain management and horizontal value chain management,internal value chain management.It mainly research financial strategies of upstream supplier link,downstream client link,outsourcing link,inventory link and of the entire value chain optimization and of financial crisis.The study combines with the broader context of the financial crisis,bringing into a new element for the study background,put forward the reverse thinking of choice of financial strategy in financial crisis.Research of financial strategy of China shipbuilding industry with the perspective of value chain management is pioneering and challenging.In this paper,financial strategies based on value chain management are used in China shipbuilding enterprise - Yantai Raffles Shipyard Co.Ltd.,Rationalized recommendations are given for its financial strategy with the perspective of value chain management.It makes beneficial attempts for applying theory to practice.