Based on the life -cycle theory of financial strategy for SMEs
|School||Nanjing University of Technology and Engineering|
|Keywords||Enterprise Life Cycle SMEs Financial Strategy Financing Strategy Investment Strategy Allocation strategy|
Human society is from the industrial economic era to knowledge economic era. In this age of change, the enterprise management environment more hasten is complex, natural selection, survival of the fittest, traditional financial management due to a variety of defects, is no longer meet the needs of the changing situation, the fusion of strategic management and financial management become historically inevitable. On the other hand, the enterprise financial strategy, need to consider the enterprise external environment and internal conditions, and many other factors. But because of the small and medium-sized enterprise own characteristic, can't take the practice of copying large enterprises, and must have their own way, so must be the beneficial attempt in this aspect. This article discusses the financial strategy and enterprise life cycle theory application in small and medium-sized enterprises, closely around the main line, enterprise life cycle based on the financial characteristics of small and medium-sized enterprise the different life cycle phase analysis, discuss their financing strategy, investment strategy and distribution strategy.