Shared Service Strategy and Operation Tactics for Financial Conglomerates
Shared service adopted by financial conglomerates can provide financial enterprises with huge competitive edge that can help them to strengthen their advantage in scale economy,scope economy,business diversification,risk distribution and financial innovation.When implementing such a strategy,financial conglomerates should give full account of the regulatory characteristics of financial sector with regard to functional positions,organizational structure plan and information management system design and at the same time,they should effectively control insider-trading resulting from shared service by optimizing corporate governance,establishing a scientific management system,better allocating decision-making power,and standardizing service business so as to check the transfer of risk inside the conglomerate and reduce the harm done by insider-trading.To enhance the strategic flexibility,they should set up a quit channel at the initial stage of implementing shared service strategy.
With Shanghai stock exchange market as a research object, this paper studies the complexity of the stock exchange market using the cellular automata theory and model. With the fractal theory as a tool, the R/S method is used to compare the real and the simulated data, which verifies the validity of the simulation. In the CA model, with different initial values and rules, we can improve the study on complexity in the stork exchange market.