Effect of working capital management practices onfinancial performance: A study of small scale enterprises in Kisii South District‚ KenyaSmall scale enterprises (SSEs) are acknowledged in Kenya as significant contributors to economic growth. Despite this‚ it is estimated that up to 40% of the start-ups fail by year 2 and at least 60% close their doors by year 4. Working capital management is credited as one of the causes of these failures. The purpose of this study was to assess the effect of
Premium Inventory Asset Balance sheet
The Impact It can be easily said that big businesses have had a large impact on the economy and politics in the United States‚ especially during the Gilded Age‚ also known as the “2nd Industrial Revolution”. Monopolies‚ corporations‚ and businesses began to grow dramatically. These three branches grew so significantly that they were known as a major force in the United States. They had a great amount of power and had the ability to control much throughout the country. However‚ as these businesses
Premium Economics United States Corporation
Impact of Technology On Business Q) What is the impact of technology on business? Explain with the suitable example of financial service sector. Ans) Introduction Technology affects almost every aspect of our lives. Just look around you and you’ll see how wired we are. Thanks to the Internet‚ virtually anything you desire can be delivered to your door in a matter of days. You can even trade stocks or file taxes online. But as much as our personal lives have changed‚ the business world has revolutionized
Premium Bank
of the large-scale ‘managerial enterprise’ as put forward by the famous business historian Alfred Chandler has not been followed completely by all of the world’s leading economies. This essay will therefore be structured as follows: first I will briefly explain Chandler’s theory of the large-scale managerial enterprise‚ putting it into context of time and place and pointing out the major flaws of his theory. Then‚ I will attempt to justify my opinion by using the Japanese enterprise system‚ paying
Premium Management Strategic management Economics
Analysis of Small Business Problems & Priorities Research Paper The following is an analysis of a business research paper written by Bruce D. Phillips for the National Federation of Independent Business Research Foundation in conjunction with Wells Fargo as a resource for individuals looking to start small business endeavors titled‚ “Small Business Problems & Priorities.” Purpose of the Research Throughout the research paper‚ Phillips outlines the possible problems‚ critical issues‚ and major
Premium Small business
Economy of scale refers to the benefits of producing on a large scale. When firms and industries increase the scale of their operation there can be advantages which reduce the average (unit) cost of their output. Internal economy of scale is the benefit‚ in the form of lower average costs‚ which a firm can gain from increasing its size. Internal economies of scale arise from the growth of the firm itself. One internal economy of scale can be marketing economies. For food retail industry‚ large
Premium Economics Retailing Firm
Economies of scale Definition Reduction in long-run average and marginal costs‚ due to increase in size of an operating unit (a factory or plant‚ for example). Economics of scale can be internal to a firm (cost reduction due to technological and management factors) or external (cost reduction due to the effect of technology in an industry). Diseconomies of scale Definition Increase in long-term average cost of production as the scale of operations increases beyond a certain level
Premium Economics of production Microeconomics Cost
Martınez-Solano Deptartment of Management and Finance‚ Faculty of Economy and Business‚ University of Murcia‚ Murcia‚ Spain Abstract Purpose – The object of the research presented in this paper is to provide empirical evidence on the effects of working capital management on the profitability of a sample of small and medium-sized Spanish firms. Design/methodology/approach – The authors have collected a panel of 8‚872 small to medium-sized enterprises (SMEs) covering the period 1996-2002. The authors tested the effects
Premium Inventory Working capital Balance sheet
Over the years‚ Multinational enterprise have matured and developed into large companies that they are now part of our everyday lives. Form the use of mobile phones to the cars‚ personal computers and their software and even the beverage we drink‚ most of these products are supplied by Multinational companies. Their existence has great impact on our lives. In the world today‚ Multinational enterprises are powerful companies and they own resources in excess that most host countries possess. These
Premium Multinational corporation Corporation Investment
Attitude Measurement: Likert Scale The Dogmatism Scale Please do not skip any of the statements‚ and answer each statement to the best of your ability. Strongly Agree‚ Agree‚ Sometimes‚ Disagree‚ Strongly Disagree 1.) Once an idea is in my head‚ I stick with it. 2.) My own personal beliefs seem to be more right than others. 3.) I am open to hear others opinions and let them at least try to change my mind. 4.) I would rather agree with someone‚ even though I know they are wrong‚ just because we
Premium Belief Opinion Psychometrics