Ideas to Stimulate Cash Flows in Downturns

Cash Flow Management
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Parag Utekar
Student (MBA), India
🔥NEW In tough economic times, corporate business leaders have difficult choices to make. Their strategic, long-term concern must be to ensure that the business models, strategies, and systems provide the foundation needed to confront the turbulence. Companies must strive to improve their ability to respond faster, withstand the economic pressure with minimal impact on its functionality, and show resilience. Defining which new strategic behaviors would help, is a crucial aspect of the process. In current Covid crisis, business leaders have rightly focused first on urgent, short-term issues like their employee and customer safety, and also the security of their supply chains. The next step is to manage near-term revenues and expenses. Companies have to be aggressive about near-term revenue and expense management while being sensitive about current customer needs. Yoon and Lochhead recommend 5 interesting complementary actions to balance such empathy for customers with short-term busines (...) Read more? Sign up for free

  Graham Williams
Management Consultant, South Africa
 

Ideas to Stimulate Cash Flows in Downturns

The 5 Yoon and Lochhead actions mentioned are main (...)

 

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Summary
Forum
Importance of Cash Flow Statements versus Traditional Financial Statements (Profit)
Importance of Cash Flow Management
Ideas to Stimulate Cash Flows in Downturns
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