Critically analysis an operations problem faced by your team and make Essay

Critically analysis an operations problem faced by your team and make a proposal for its resolution, drawing on the tools and li - Essay Example Identifying and resolving the problems not only involves interaction with the purchase, sales, credit collection or other divisions of the company, but also managing the entire control systems, communication at all levels effectively and efficient planning and forecasting. It is also important to note that profitability to a greater extent hinges on efficiency in working capital management, especially in the retails industry. The empirical findings of the study made by Samiloglu & Demirgones (2008, p. 44) show that account receivables period, inventory period and leverage affect firm profitability negatively. The following proposals outlined for the resolution of the operational problems with reference to cash flow covers comprehensively all the facets of the business which are connected to it directly and indirectly in the company. However, leadership qualities in the organization and the policy of the organization in connection with the development of leadership qualities among the mangers are fundamentally very important for sustainable development. Properly identifying the different styles of leadership in an organization for developing it through motivation is very important for success in any organization. ... signify that the above statement could be true only partially, and the leadership qualities can be acquired through proper training and willingness on the part of the person to learn. For the finance professionals in cash management, honesty and forward looking qualities are very important so that the person can guide his team to achieve the objective by proving intelligent solutions at crucial times thereby inspiring the team members in the achievement of the objectives. According to traits theory, people inherit certain traits and qualities to become leaders. This is at the best a variation of the Greatmen theory. Contrary to this, behavioral theory believes great leaders are made, and this is in line with the strategy to be adopted in an organization for leadership development, because, the usefulness of the former theories are restricted to recruitment level, and persons need to be developed or molded to suit the purpose for which they are selected. According to contingency theor y, a particular style of leadership suits a particular situation based on the variables relating to the environment. Primary finding of a study made by Arbak & Villeval (2007, p. 24) reveals that a large proportion of subjects are willing to lead, though they earn on average considerably less than followers and even less than those in a group with no leader. Participative leadership is essential for success in cash flow management, because without participation and contributions from group members, decision making process goes haywire. The relationship theory is very relevant and important in the day-to-day operations. The connection between the leader and the followers is developed through motivation and inspiration. This is very relevant in the working capital management as it involves