The development of enterprises is in a changeable environment, so it is difficult to comprehensively reflect the development of enterprises simply by using financial analysis. The harvard analysis framework is an analysis method that combines the strategic research, environmental analysis and financial analysis of enterprises. Based on the framework of harvard, this paper analyzes the financial, environmental and strategic aspects of D company, and puts forward Suggestions on the development of D company from three aspects: seizing the development opportunities of Shanghai, enhancing scientific and technological innovation, and maintaining good cash flow.