Working Capital Management in Telecom Industry, USA

Working capital is commonly understood as the fund needed to meet the day-to-day expenses of an enterprise. A finance manager finds that the funds for meeting these expenses get blocked in current assets. He, therefore, looks for liquidity support in net working capital (NWC), which is equivalent to the excess of current assets over current liabilities. A banker also looks at the size of NWC as the long-term stake of the business in funding the current assets. But for a production manager, liquidity is synonymous to uninterrupted supply of material inputs to the production lines. This book aims at resolving these conflicts by adopting a techno-financial approach to working capital management. In the previous edition a full chapter on Service Business: Risk Analysis and Working Capital Assessment was introduced to understand the nature of service business. This book is specifically meant for students of BBA, B.Com and MBA of different universities.