In today's turbulent business climate, the failure to quickly spot and solve financial problems can trigger fiscal crisis and doom even the healthiest company. This work shows nonfinancial and financial managers alike how to swiftly pinpoint, resolve and prevent the financial problems most likely to erode profitability and disrupt operations. Covering every facet of the daily management of a business' finances, 13 chapters provide an action-oriented approach to resolving virtually any problem having financial implications. By following six simple steps readers will learn to identify even the most challenging financial problem, analyze its causes, measure it, repair it and prevent it from reoccurring. Moreover, they will discover how to: pinpoint the source of cash flow difficulties and take immediate corrective action; trim the "fat" from a bloated organization with workable cost and inventory reduction programmes; adopt business financing strategies that minimize credit problems; establish optimum pricing policies to improve sales; reduce high employee costs associated with pension plans and health care; and avoid spillover effects that result from the problems at hand.
- ISBN10 0070576041
- ISBN13 9780070576049
- Publish Date 1 February 1993 (first published 1 January 1993)
- Publish Status Active
- Out of Print 7 August 2002
- Publish Country US
- Publisher McGraw-Hill Education - Europe
- Imprint McGraw-Hill Inc.,US
- Format Paperback
- Pages 228
- Language English