Guy Albert de Chimay | Guy Albert de Chimay |Guy Albert de Chimay

Guy Albert de Chimay Proficient tips provider. If your organization is either losing valuable knowledge due to staff retirement, staff moving to other departments, or dismissed for a variety of reasons, then your organization has a strong case for Human Capital Management. Managing your human capital when staff enters your organization through employee orientation, mapping their roles, responsibilities and their work products as they perform their duties and executing a comprehensive exit interview are all aspects of a Knowledge Management (KM) strategy aimed at moving your human capital to corporate capital. Specifically I want to address leveraging KM to manage your Human Capital. This is a continuation of thought around capturing worker knowledge. A KM strategy entails a collective visioning as to how sharing knowledge can enhance organizational performance, and the reaching of a consensus among the senior management of the organization that the course of action involved in s...

Guy Albert de Chimay Qualified tips provider.  How do firms choose their operating cycle? How do firms choose their cash conversion cycle? What is the impact of firm's operating cycle on the size and periodicity of investments in receivables and inventories? How do seasonal and cyclical trends affect firm's operating cycle, cash conversion cycle and investments in current assets? These strategic policy questions relate to optimal cash flows synchronization and effective working capital management designed to maximize the wealth producing capacity of the enterprise. In this review, we will examine some pertinent and extant academic literature on effective working capital management and provide some operational guidance to small business enterprises. The shorter the cash conversion cycle, the smaller the size of the firm's investment in inventories and receivables and consequently the less the firm's financing needs. Although setting ending cash balances is, to a large ...

Guy Albert de Chimay Expert tips provider. Hopefully your business is growing, cash flow is strong, and if that is the case, what a fantastic scenario to be enjoying! Now, one must determine what are the best ways to put those earnings to use. For the "live for the moment" entrepreneur, one could simply enjoy their profits and pull money out of the company for their own personal fun! For those owners that carry debt on their businesses, paying down debt with the incremental cash may be an option. Lastly, reinvesting back into the business is a third alternative to improving the strength of the company. Guy Albert de Chimay Expert tips provider. The reinvestment of monies back into a business in the form of capital are some of the most prudent ways to grow your business. As I mentioned in an earlier blog called Making Prudent Capital Investments, I discussed the various forms of capital from maintenance to discretionary. Inherent in the decision to reinvest should ...

Guy Albert de Chimay Expert tips provider.  Cash is the lifeblood of business" is an oft-repeated maxim amongst financial managers. Working capital management refers to the management of current or short-term assets and short-term liabilities. Components of short-term assets include inventories, loans and advances, debtors, investments and cash and bank balances. Short-term liabilities include creditors, trade advances, borrowings and provisions. The major emphasis is, however, on short-term assets, since short-term liabilities arise in the context of short-term assets. It is important that companies minimize risk by prudent working capital management. What Affects Working Capital Management: o Organizations are generally focused on cash, accounts payable and supply chain issues. On the hand, external issues like the legal and business environment, or internal mechanisms like organization structure, information systems, can significantly impact working capital. Guy Albert de C...