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Autor: Li-Te Chang, 張立德
Rok vydání: 2008
Druh dokumentu: 學位論文 ; thesis
Popis: 96
The aim of this dissertation is to discuss performance and strategies of an absorbed futures company through industrial analysis and case study. To accomplish the aim of this study by taking the following methods: 1.The analysis framework is integrated through systematic mode to combine the strategy management theory with key successful factors. 2.In scanning the environment, the S-C-P analysis will be used to demonstrate the condition of the futures industry. By dividing into strategy group to seek out key successful factors of a futures company. 3.In case study, financial statement analysis and SWOT will be taken to examine practicable strategy behaviour. 4.The result of the industrial appearance and the firm behaviour, which are examined from above analysis, to address and illustrate by 『qualitative analysis』. Methods above can be used for examining; the process, result and the differentiation of performance of value creation by an enterprise; the development and environment evolution of Taiwan future industry in recent years. By analysing key successful factors and strategy behaviour from financial data of operation performance to predict conditions of the futures industry. Therefore, purposes of this dissertation are followings: 1.『The retrenchment company in growth industry』the reasons accrue. 2.Current situations and further developments of futures industry. 3.Key successful factors of a futures company. 4.How does company H establish, adjust and practice strategy? Results of this study show that a futures company should consider its position of strategy group, which divide by total turnover volume, rather than consider generally futures industry to build up its strategy objective and strategy operation. According to the research targets to conclude as followings: 1. The restriction from ordinance is the important element to build up market form now day. In the other hand, restrictions from ordinance also increase the speed of the trend of “the big ones gets bigger” and set up highly entry barrier. 2. Pricing war will be ceased 。Group A will keep developing and expansion. Group B might possibly be acquired by group A, if its long term rate of return on common stock equity will not be good enough. Group C shall withdraw from the market. 3. Key successful factors include brokerage turnover volume、Headquarter IB turnover volume、Headquarter stock’s market share and revenue increase rate。 4. Success futures business operation is the key successful factor. 5. Suitable operational structure and operation expense control are key successful factors for small and medium company. 6. Its unreachable for group C to gain high rate of return on common stock equity. To seek out value of the right position in the industry with precise financial growth target, the company in Group C will still have the value to keep compete in the market.
Databáze: Networked Digital Library of Theses & Dissertations