全英文毕业论文bcl广播通信有限公司金融战略问题研究(编辑修改稿)

全英文毕业论文bcl广播通信有限公司金融战略问题研究(编辑修改稿)内容摘要：

terals or securities, and has low credit risk, in order to get the loan. As well as, when the maturity date is due, BCL can repay the principle. Particularly, BCL may avoid the conflict of interest between shareholders‟ dividends and interest of bank. Based on the financial statements of BCL, it shows that BCL between 20xx and 20xx invested over $32 million in the market, and it has $ 68 million bank loan. As well as, BCL had to repay over $90 million for the principle and interest in the two years. When repaying the money, BCL had to use its profit. As a result, the dividends would decrease. Actually, it did decrease from $ million in 20xx to $ million in 20xx. The implementation of financial strategy is to provide capital to implement the other strategies such as marketing strategy, research and development strategy and petitive strategy. Therefore, BCL has to 中国最大管理资源中心 efficiently manage its financial strategy. As well as, the major change management focuses on financial issues. Generally, most of firms face financial issues when it has implemented its marketing strategy and petitive strategy. However, because of the major financial resource of BCL is from bank loan, BCL has to change its management primarily, in order to better implement its business strategies and make its business level strategies mutual benefit. G、 The key requirements in terms of anisational ponents in relation to addressing the change management issues identified in financial strategies. The financial strategy is to make bank loan to support BCL‟s development, which not only brings advantages for BCL but also make it under the pressure of the strategy. There are many major difference in other panies ,which are financed by selffinancing or issuing shares. Firstly, the leadership of the director of BCL can be able to be wise, because the leader is under the pressure of development. As well as, the leader must focus on both the other strategies and financial strategy, so that, as BCL makes remarkable profit, it can repay its loan. Otherwise, BCL will bear the bankruptcy risk. Actually, the important business concept for the leader of BCL is to struggle along with the conflict between the shortterm profits such as dividends and the longterm development of BCL. With the implementation of the strategies, the anizational structure will change gradually. The other departments such as marketing and human resource departments will regard finance as their core. BCL should always notice that only when they develop greatly and repay the loan, can they pletely eliminate the high interest cost and reduce the bankruptcy risk. Also, it is known that more debt can increase panies‟ value, so that when there is long term debt, the value of BCL increases. However, it should be notice the reasonable debt can instil petitive power for BCL. Once there is too much debt, it can be the barrier with the development of BCL. In the financial level, the main change is that the profit may change due to the payment of interest and repayment of bank loan. Also, the dividends of shareholders do decrease in order to make more cash for the repayment and cash flow for BCL‟s business operation. Meanwhile, the financial department may focus on cost cutting. For instance, BCL may distribute money into the most necessary areas such as marketing and technology areas. However, the cost for administration may decrease. 中国最大管理资源中心 Therefore, BCL can efficiently use the capital. The firm‟s culture of BCL is providing better services with service fees. With the implementation of the financial strategies, BCL needs to develop its firm‟s culture. Even, its culture will extend in its new market. Indeed, BCL does instil its culture into its new field. For instance, it develops and deploys the WiMax technology in its telemunication services in the current market. What they have done is to offer cheaper services for rural people in New Zealand. H、 The key gaps between the current and required anisational ponents. The gaps between the current and required anizational ponents do exist when implementing the financial strategy. The key gaps may present at management, finance and technology. Firstly, developing in telemunication industry for 60 years, the management of BCL may be scholasticism. The decision making group may refuse to take on the risk to support its business expansion. Because at present BCL has developed greatly, it has already made high profit. If it does not change, it is still one of the top panies in New Zealand. Once BCL takes bank loan to develop, its operation activities may face challenge. However, nowadays business petition tends to be crueler. Therefore, it is necessary for BCL to survive and develop in the cruel business petition. BCL should improve and plete its management concept to stand with the market. Secondly, finance can result in the major gap. For example, when BCL needs to implement the financial strategy which is making bank loan to support its further development, it is essential for BCL to pledge to get the loan. In other words, banks prefer to identify the collateral to distribute the loan for BCL. Normally, the collateral should be fixed assets such as property, plant and equipment. However, once the number of the bank loan is over the value of the collateral, the banks will refuse the application of the loan. Meanwhile, BCL may consider other financial intermedia who can offer the unsecured loan to get finance. Actually, it is hard to get the unsecured debt, because BCL needs to provide the beneficial development report and low credit risk. Finally, updating technology seems to be an important issue for all firms‟ development any time. When BCL intends to implement the strategy to develop, the gap between current and required aniza。