[...] An executive of a leading company said he kept the com- pany’s cash balance “lean and mean” to keep its managers on their toes. There’s probably a lot of truth in this. But if too much time and effort goes into managing day-to-day cash flow, then the more important strategic factors may not be managed well. [...]
August 25th, 2009 at 6:35 am
[...] An executive of a leading company said he kept the com- pany’s cash balance “lean and mean” to keep its managers on their toes. There’s probably a lot of truth in this. But if too much time and effort goes into managing day-to-day cash flow, then the more important strategic factors may not be managed well. [...]