The critical operating cycle
Abstract
Focuses on the operating cycle. Provides a conceptual and practical understanding of issues and relationships of importance to all managers, such as invested capital, flowing capital, return of and on capital, lost and idle capital, risk‐return‐value relationships, basic cost relationships and economic break‐even. Explains and emphasizes how the operating cycle, and indeed the survival of the firm and creation of value, are critically dependent on the marketing function. Demonstrates why the contribution of each individual to the “team” is vital to creating value. Illustrates the importance of and provides guidelines for applying the concepts in the different functional areas with an example focusing on human resource management.
Keywords
Citation
Byers, S.S., Groth, J.C. and Wiley, M.K. (1997), "The critical operating cycle", Management Decision, Vol. 35 No. 1, pp. 14-22. https://doi.org/10.1108/00251749710160142
Publisher
:MCB UP Ltd
Copyright © 1997, MCB UP Limited