the effectiveness of cash management policies a case study of hunyani flexible products
Educational Research (ISSN: 2141-5161) Vol. 2(7) pp. 1299-1305 July 2011
Available online@ http://www.interesjournals.org/ER
Copyright © 2011 International Research Journals
Full Length Research Paper
The effectiveness of cash management policies: a case study of Hunyani flexible products
Fungai N Mauchi1*, Robert Nzaro2, Kosmas Njanike3, Masvosva Nyaradzai4, Roseline T.
Karambakuwa5, David Damiyano6, Rumbidzai N. Gopo7, Fungai B. Gombarume8, Silas
Mangwende9 and Collins Manomano10
1*/ 2/ 3/ 4
Banking and Finance Department, Bindura University of Science Education.
5/6
Economics Department, Bindura University of Science Education.
7/8
Intelligence and Security Department, Bindura University of Science Education.
9
Management Department, Women’s University in Africa.
10
Human Resources Department, Bindura University of Science Education.
Accepted 03 June, 2011
The study sought to evaluate the effectiveness of cash management policies at Hunyani Flexible
Products (HFP) using data from 2000-2010. Other objectives of the study were to identify the key processes and models in cash management; examine the impact of poor cash management on the overall company performance and come up with strategies that can lead to an effective cash management system. The descriptive survey method was used to solicit information from the respondents and a case study approach was used. The research study was confined to respondents at
Hunyani. Flexible Products where a sample of forty (30) respondents was drawn. Data was obtained through interviews, administering questionnaires and by observations. From the research findings, it was established that there is a high deficiency of an effective cash management policy although some attributes of an effective management system were present. The study found that there is a positive relationship between the level of cash flow and the profitability of the company. The research concluded that, cash management is a culture that forms part of the
Available online@ http://www.interesjournals.org/ER
Copyright © 2011 International Research Journals
Full Length Research Paper
The effectiveness of cash management policies: a case study of Hunyani flexible products
Fungai N Mauchi1*, Robert Nzaro2, Kosmas Njanike3, Masvosva Nyaradzai4, Roseline T.
Karambakuwa5, David Damiyano6, Rumbidzai N. Gopo7, Fungai B. Gombarume8, Silas
Mangwende9 and Collins Manomano10
1*/ 2/ 3/ 4
Banking and Finance Department, Bindura University of Science Education.
5/6
Economics Department, Bindura University of Science Education.
7/8
Intelligence and Security Department, Bindura University of Science Education.
9
Management Department, Women’s University in Africa.
10
Human Resources Department, Bindura University of Science Education.
Accepted 03 June, 2011
The study sought to evaluate the effectiveness of cash management policies at Hunyani Flexible
Products (HFP) using data from 2000-2010. Other objectives of the study were to identify the key processes and models in cash management; examine the impact of poor cash management on the overall company performance and come up with strategies that can lead to an effective cash management system. The descriptive survey method was used to solicit information from the respondents and a case study approach was used. The research study was confined to respondents at
Hunyani. Flexible Products where a sample of forty (30) respondents was drawn. Data was obtained through interviews, administering questionnaires and by observations. From the research findings, it was established that there is a high deficiency of an effective cash management policy although some attributes of an effective management system were present. The study found that there is a positive relationship between the level of cash flow and the profitability of the company. The research concluded that, cash management is a culture that forms part of the