No description available.

ABSTRACT Title: Working Capital Management in Telecommunication sector: A case study of VGC telecoms Author: Gbenga Segun Akinwande Supervisor: Anders Hederstierna Department: School of Management, Blekinge Institute of Technology Course: Master’s thesis in business administration, 15 credits (ECTS). Background and Problem Discussion: The efficient management of working capital is very vital for a business survival. This is premised on the fact having too much working capital signifies inefficiency, whereas too little cash at hand signifies that the survival of business is shaky. Purpose: The purpose of this research is to study the working capital management in the small and medium scale businesses, using VGC Telecoms Company as a case study, so as to establish factors influencing working capital performance; examine how cash management, inventory management and trade credit management affects working capital management; company effectiveness in converting working capital to ready money; how working capital management impacts on the problem of slow development and to offer recommendations on possible ways of improving working capital management Method: Literatures bordering on different areas of working capital management were reviewed. Thus, this research employed qualitative and quantitative analysis; and semi- structured questions were drafted based on the issues raised from the review of various literatures. In addition, materials from journal articles, textbooks, working papers and industry practitioners are put into consideration. The use of internet and e-mails to send out questions were explored where appropriate. Analysis on the company’s financial statement was carried out in order to verify my findings. Theory: In this research, the theory section looks at various concepts that come up when analyzing the consequences of working capital management for company value and the factors that influence a company’s working capital management performance. I have therefore chosen the most common concept for the theory section. I have also tried to create a theoretical understanding for the company’s sensitivity to a workable WCM policy Analysis: In the analysis of the research findings, I employed qualitative approach to the data analysis whereby the impacts of the poor WCM on the company were discussed in depth. Conclusion: The findings corroborate the postulation of Weston et al that a company’s investment in working capital is a substantial percentage of its total investment. In case of VGC Telecoms, it is as high as 65 percent. An inefficient and ineffective management of this investment will result in slow pace of development and ultimately to the business failure. The performances of the company in the different spheres of working capital management were scored as follows:- • Cash management – 65.4 percent • Inventory management - 78.6 percent • Trade credit management and financing decisions - 60.0 percent This is an average performance of 68 percent. That is, the company’s performance is above average. This is a good performance. The financial statements as interpreted reinforce the validity of this result. The liquidity ratios are high; the collection period is short; and the cash cycle is not quite expansive. This makes it possible to sustain sufficient cash flow for the smooth running of the business. The management of working capital impacts on liquidity, investment portfolio and profitability. All these three factors are decisive in the growth or failure of a business. Hence, good performances in working capital management affects these decisive factors favourably and thus, contribute to growth and success of the business.

South Africa the development of small tourism businesses are extremely vital for job creation and a development of a new economy. The South African tourism industry has to look at more innovative ways for marketing their products and services to develop the small tourism businesses. The arrival of web 2.0 led to the development and evolution of web-based communities, hosted services and web applications such as social networking sites. Social networking sites have encouraged new ways to communicate and share information on the web. When it comes to online networking, websites are commonly used. These websites are known as social networking sites and function as online communities on the internet. Social networking sites are currently one of the applications of Web 4.0 developments. This means creation by the majority and web participation a necessity. The importance of customer engagement enablement is recognised. Operating systems are in cloud-computing. The communication medium became social media systems and people sell everything via desktop, mobile, tablets and iTV. This study focuses on the Eastern Free State tourism destination and its development through social networks. The main aim of the study is to critically analyse the application and effective utilisation of social network site technologies within the Eastern Free State tourism industry and to explore this objective of social network applications used within the small businesses in Eastern Free State tourism industry. The empirical study was conducted by means of a field study using a structured questionnaire and interviews with key stakeholders. Data from 60 small tourism businesses were collected and a total of 55 businesses restricted to Eastern Free State Drakensberg were analysed in the process of collecting the peer-aided questionnaires. The biggest problems in the use of digital media are knowledge to develop a proper product that has measured marketing outcomes for the small business. / Thesis (MBA)--North-West University, Potchefstroom Campus, 2013.

South Africa the development of small tourism businesses are extremely vital for job creation and a development of a new economy. The South African tourism industry has to look at more innovative ways for marketing their products and services to develop the small tourism businesses. The arrival of web 2.0 led to the development and evolution of web-based communities, hosted services and web applications such as social networking sites. Social networking sites have encouraged new ways to communicate and share information on the web. When it comes to online networking, websites are commonly used. These websites are known as social networking sites and function as online communities on the internet. Social networking sites are currently one of the applications of Web 4.0 developments. This means creation by the majority and web participation a necessity. The importance of customer engagement enablement is recognised. Operating systems are in cloud-computing. The communication medium became social media systems and people sell everything via desktop, mobile, tablets and iTV. This study focuses on the Eastern Free State tourism destination and its development through social networks. The main aim of the study is to critically analyse the application and effective utilisation of social network site technologies within the Eastern Free State tourism industry and to explore this objective of social network applications used within the small businesses in Eastern Free State tourism industry. The empirical study was conducted by means of a field study using a structured questionnaire and interviews with key stakeholders. Data from 60 small tourism businesses were collected and a total of 55 businesses restricted to Eastern Free State Drakensberg were analysed in the process of collecting the peer-aided questionnaires. The biggest problems in the use of digital media are knowledge to develop a proper product that has measured marketing outcomes for the small business. / Thesis (MBA)--North-West University, Potchefstroom Campus, 2013.

Introduktion: Små till medelstora företag (SME) innefattar 99.9% av alla aktiva verksamheter i Sverige. SME:s är företag som har begränsade ekonomiska resurser. Begränsade resurser kan leda till att verksamheter producerar produkter till lager i rädslan om att gå miste om leveranser, vilket skapar ett uppbundet kapital i färdigvarulagret. Syftet med studien är att undersöka om make to order (MTO) kan användas av SME:s för att reducera kapitalbindning i färdigvarulagret och undersöka vilka utmaningar det finns med att implementera MTO.  FF1: Hur kan MTO användas som ett verktyg för att reducera kapitalbindningen hos SME:s? FF2: Vilka utmaningar finns det med att implementera MTO för SME:s?  Metod: En fallstudie har genomförts hos ett producerande mikroföretag. Data har samlats in genom observationer, intervjuer och dokument. För grund till den teoretiska referensramen har en litteraturstudie genomförts. Litteraturstudien samlade in data genom vetenskapliga artiklar och böcker som har använts för att analyser den insamlade empirin från fallstudien.   Resultat: Studiens resultat har kommit fram till att MTO kan användas som ett verktyg hos SME:s som har en hög kapitalbindning och inte kan utesluta ett färdigvarulager. För att reducera kapitalbindningen kan därmed en hybrid mellan MTO och MTS (make to stock) användas. Studien har ytterligare kommit fram till att det finns tre huvud utmaningar med att implementera MTO. De tre utmaningarna är ställtider, oförutsägbara händelser och förändringar.