【正文】 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 anizational 中國(guó)最大管理資源中心 technology emerges obviously. Implementation of financial strategy is different from other strategies. Other strategies are to develop one part of the pany, followed by the other part development of the pany. However, financial strategy is obtaining financial resources in order to develop the whole pany. Hence, the current technology of BCL needs to update, so that when BCL is in a new gradation, the technology of BCL will run neck and neck. For instance, the local area work (LAN) and accounting system will need to update, in order to ease the pressure of faster development and support it. I、 The nature of the changes required by the anization in order to implement the strategies. Leadership which “represents every major responsibility in the firm, is the most representative and diverse management mittee the firm has ever had” (Company leadership). The mention represents the remarkable role of leadership in panies. As the implementation of the financial strategy in BCL, the importance is that the leadership should firstly change as soon as possible. The best is that the leadership can change before the implementation. In other words, the leader should adjust or change to support the implementation. If the leader cannot update and change his or her leadership, even force against the change, the implementation may fail. Especially, if failing in implementing financial strategy, the pany will be in financial distress. In the future, the target for BCL is going globalization with its faster development. Therefore, it is necessary for the leaders of BCL to update their leadership to pete in the global market. Following the change of leadership, the innovation is essential for BCL. BCL must bine the implement of the strategy with the innovation. The innovation can include changes of pany structure and culture. The implementation of the financial strategy states that BCL use the financial resource with cutting unnecessary cost. BCL may adopt some methods form multinational panies, which is retrenching needless staff, even some departments. Obviously, the innovation of BCL may suffer inside conflict. However, in order to develop BCL, it is necessary to breach some advantages of few people. Indeed, innovation is a long term activity. It will gradually instil in BCL. 中國(guó)最大管理資源中心 J、 Developing a plan of action for the strategy. Programme projective: To obtain financial resource for BCL to support the anization?s further development. 1. To identify the development plan of BCL, in order to forecast its further development 2. To analysis the financial statement of BCL 3. To evaluate the collateral 4. To identify the management of BCL 5. To obtain loan from bank 6. To distribute the financial resource to each project 7. To measure and evaluate the result from each project Action steps Responsibility StartEnd 1 A. Make a development plan for BCL Development department 8/119/11 B. Evaluate the capital to support the plan Accounting department 8/119/11 2 A. Analysis financial statement Financial department 10/1111/11 B. Focus on pany?s debt to equity ratio Financial department 10/1111/11 C. Evaluate pany?s assets Financial department 11/1111/11 3 A. Evaluate pany?s fixed assets Marketing department 111112/11 B. Check the fixed assets which have already regarded as security or not. Financial department 12/1112/11 C. Calculate the suitable debt, based on fixed assets Financial department 12/1113/11 4 A. Evaluate the efficiency of each department HR department 9/1112/11 B. Identify pany?s capacity Development department 8/119/11 5 A. Discuss to apply bank form which bank Financial department 15/1115/11 A. Hand in development report to bank, and provide evaluation of collateral, and present the ability of repayment Financial department 19/1119/11 6 A. Discuss how to better distribute the capital Financial department Development department 1/123/12