Discussion On Financial Strategy Problem Of HY Petrochemical Company

Financial strategy can not be ignored for each company.The enterprise should make the correct choice of the financial strategy based on internal and external circumstances.This article mainly uses the case analysis method.I will discuss the problems to the financial strategy of HY petrochemical company,which is the research object of this article.HY petrochemical company is a representative private enterprise,which ranks top 500 enterprises in China in the last 11 years,has now become a good model for petrochemical industry.Its' financial strategy management is worth study,but in recent years,the development of HY petrochemical company has been also affected by the industry downturn,improving their own financial strategy management is a thorny problem that must face.A fundamental premise of writing this article is that the understanding of the theory of domestic and abroad financial strategy,this paper will consider the current situation of HY Company's financial strategy,find out HY company's financial strategy problems and the reasons,then explore a suitable way for HY company's financial strategy.HY Petrochemical Company is a large private enterprise.Similar companies such as HY petrochemical enterprises,has made an outstanding contribution to the economic growth,revenue increase and employment promotion.However,the situation of private enterprises is unfavorable,many private enterprises have not the concept of financial strategy and not realize that the corporate financial strategy affect allocation of resources.In addition,even private enterprises have developed the financial strategy,but its extensive management model may also cause failure.The current financial management of traditional private enterprise has been unable to meet domestic and external economic environment.Financial strategy will be an indispensable note for the enterprise to deal with the crisis.Before writing the case part,the thesis describes the theory of enterprise financial strategy to enhance the further understanding of financial strategy,and provide the theoretical support for the following writing.The core of the article is the case analysis of HY petrochemical Company.The writing idea is identifying problems,exploring the reasons,and then solving problem.Firstly,this paper will introduce the current financial strategy of HY petrochemical company,and then analyze problems and shortcomings of existing financial models and depth analysis of four issues of company's financial strategy positioning,financial strategy execution,financial strategy and other functions of the coordination and financial strategy talent.Finally aiming at the problems of HY petrochemical Company's existing financial strategy,this article will offer proposals such as changing financial strategy,constructing guarantee system,coordinating all departments and the establishing strategic financial strategy of talent introduction,training and incentive mechanism.These recommendations can make private enterprises pay more attention to financial strategy,and understand the connotation of financial strategy,and even has an important significance to our domestic private enterprises' transformation.