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Senin, 29 Desember 2008

Financial Strategy

by : M. Suyanto

Financial strategy aimed at the use of financial resources to support business strategy, both long term and short term. This strategy includes the financial capital acquisition strategy, capital allocation, diveden allocation and management of working capital.
The acquisition of capital usually involves consideration the reasonable cost of capital, the proportion of short-term debt and long-term, the desired balance between internal and external funding, risks and limitations of ownership and the level and form of a lease that must be used. Microsoft to develop the company do shares with a sales price of 21 dollars and 28 dollars closed in 1986. Microsoft's stock price reached the peak price of 119 dollars in 1999.

Capital allocation priorities include the consideration to the allocation of capital projects, the basic selection of the end of the project and the allocation of capital is allowed without the approval of operational managers managers higher. Microsoft does not share dividend from 18 September 1987 until 16 January 2003. Capital that are used for a project to develop the Microsoft Office launched in 1989 and Windows 3.0, which is issued in 1990. In 1993 the Windows NT 3:01 and in 1995 launched Windows 95 equipped with Internet Explorer and MSN (Microsoft Network). In 1996 the Windows CE.1.0. and in 1997 launched the Internet Explorer 4.0. and in 1998 raised a Windows 98. Windows XP, released in 2001
The allocation of dividends and management of working capital include consideration of the division of the profit should be distributed as dividends, dividend stability, the form of dividends other than cash, cash flow needs, the minimum cash balance and the maximum credit policy, credit policy billing, the provisions and procedures of payment. Berkshire Hathaway more pressure on the company's net wealth rather than allocate greater dividends in the division, such as AOL Time Garnet, Exxon Mobil and Toyota.

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