Capital Management Strategies Research Articles

A STUDY ON COMPETENCY MAPPING

Competency mapping has emerged as a crucial tool for aligning individual skills with organizational objectives. In today's rapidly evolving business landscape, organizations are continually challenged to enhance employee performance to remain competitive and achieve their strategic goals. The study focuses on competency mapping in HYUNDAI WIA with 217 respondents. This abstract outlines a comprehensive initiative aimed at competency mapping and its profound impact on employee performance. The conceptual foundations of competency mapping, exploring its evolution from traditional job descriptions to dynamic skill-based models aligned with contemporary business needs. The study investigates how organizations identify, assess, and leverage competencies to enhance employee performance, drive talent management strategies, and achieve competitive advantages. The findings of this study have practical implications for HR practitioners, organizational leaders, and policymakers seeking to optimize human capital management strategies and drive sustainable business growth in a rapidly evolving global landscape. The study aims to highlight certain behavioral characteristics that influence competency mapping performance. This study encompasses vital part of behavioral characteristics enhancing the performance of competency mapping as a strategic tool for organization. Key Words—Behavioral Traits, Competence Mapping, Competence, Employee Performance

A STUDY ON COMPETENCY MAPPING WITH REFERENCE TO HYUNDAI WIA

Competency mapping has emerged as a crucial tool for aligning individual skills with organizational objectives. In today's rapidly evolving business landscape, organizations are continually challenged to enhance employee performance to remain competitive and achieve their strategic goals. The study focuses on competency mapping in HYUNDAI WIA with 217 respondents. This abstract outlines a comprehensive initiative aimed at competency mapping and its profound impact on employee performance. The conceptual foundations of competency mapping, exploring its evolution from traditional job descriptions to dynamic skill-based models aligned with contemporary business needs. The study investigates how organizations identify, assess, and leverage competencies to enhance employee performance, drive talent management strategies, and achieve competitive advantages. The findings of this study have practical implications for HR practitioners, organizational leaders, and policymakers seeking to optimize human capital management strategies and drive sustainable business growth in a rapidly evolving global landscape. The study aims to highlight certain behavioral characteristics that influence competency mapping performance. This study encompasses vital part of behavioral characteristics enhancing the performance of competency mapping as a strategic tool for organization. Key Words—Behavioral Traits, Competence Mapping, Competence, Employee Performance

Working Capital Management in Different Sector

Effective working capital management is crucial for the financial health and sustainability of businesses across industries. This research paper aims to investigate and compare the working capital management practices adopted by companies in different sectors. The study employs a mixed-methods approach, combining quantitative analysis of financial data with qualitative insights gathered through interviews with industry experts. The research analyzes the working capital management performance of companies operating in various sectors, including manufacturing, retail, technology, and services. Key metrics such as liquidity ratios, inventory turnover, receivables collection period, and payables deferral period are evaluated to assess the efficiency and effectiveness of working capital management strategies employed by firms in each industry. Furthermore, the paper examines the impact of industry-specific factors such as demand volatility, supply chain dynamics, technological advancements, and regulatory environments on working capital management practices. By comparing and contrasting the findings across different industries, this study provides valuable insights into the factors influencing working capital management decisions and identifies best practices that can be adapted by companies to optimize their working capital efficiency and enhance overall financial performance. The research contributes to the existing literature by offering a comprehensive analysis of working capital management practices across diverse industries, highlighting industry-specific challenges and opportunities. The findings of this study have practical implications for managers, investors, and policymakers seeking to improve working capital management strategies and enhance the competitiveness and resilience of businesses in today's dynamic economic landscape.

Strategic working capital management in Polish SMES: Navigating risk and reward for enhanced financial performance

This study examines the impact of operating capital management (WCM) strategies on the monetary execution of small and medium-sized enterprises (SMEs) in Poland, with a particular focus on finding the correct equalization between liquidity and benefit. The review utilizes relapse investigation to survey the effect of forceful and conservative (WCM) techniques on the benefit and fluidity of 4,891 Polish SMEs from 2012 to 2021, as measured by an informational index of budgetary and operational information. The results demonstrate a noteworthy connection between WCM improvements and budgetary results. However, aggressive actions do not just mean higher earnings; they also involve heavier financial risks. On the other hand, cautious methods are linked with stronger financial stability but may lead to lower profit. According to the survey, when cash conversion cycle (CCC) days fall by 1%, return on total assets (ROA) can increase by approximately 1:0 percentage points. This demonstrates again that WCM is very important in improving company profits. These findings have implications for academics, practitioners, and government officials.

Investigating Talent Management and Intention to Stay as Mediating Transformational Leadership on Employee Performance

A great leadership is imperative for organization wanted to achieve their goals. Transformational leaders will transform and to realize performance outcomes who is able to motivate, inspires and create a commitment with their followers. This study’s aims to have better understanding the influence of transformational leadership on employee performance, by investigating the mediating role of talent management and intention to stay. The research uses SPSS.25 to correlate between each indicator score with the total construct score to determine. To test the hypothesis and cause and effect depiction’s using AMOS software using Structure Equation Model (SEM) to see both, the direct and undirect correlation between indicators. The sample was 200 public servant working in government agencies located in Jakarta using online surveys with non-contrived setting in cross sectional survey design. The results indicate transformational leadership has a significant positive influence on employee performance as talent management and intention to stay as a mediator. Government agencies are improving their human capital management strategies, as they realize that it leads to increase in productivity, innovation, improved rates of participation which all contribute to society welfare and economy. This study should be able to stress the importance factors of transformational leadership in implementation of talent management, and how intention to stay effects performance of the employee. Transformational leadership has been around over decades, but there is remains a lack of comprehensive studies regarding the influence of talent management and intention to stay and provide different perspective for governments in implementing talent management strategies.

An Analysis of Working Capital Management with Reference to Wheels India Limited

Exploring the intricacies of working capital management is pivotal due to its fundamental significance in the realm of corporate finance and business operations. Effective management of working capital is crucial for ensuring the financial health, operational efficiency, and long-term sustainability of organizations across industries. This research paper aims to provide a comprehensive analysis of working capital management, with a specific focus on its implications for company performance and success, The rationale behind this topic lies in the recognition of working capital as a critical aspect of financial management that significantly influences a company's liquidity, profitability, and risk profile. By investigating working capital management, this research seeks to shed light on the strategies, practices, and challenges associated with optimizing the balance between current assets and liabilities within an organization. Moreover, the selection of Wheels India Limited as a case study offers a practical and insightful perspective into the real-world application of working capital management principles within the automotive components sector. As a prominent player in this industry, Wheels India Limited presents an ideal opportunity to examine how working capital management strategies are tailored to address the unique dynamics and requirements of its business environment. Through this research paper, the aim is to explore various facets of working capital management, including inventory management, accounts receivable and payable management, cash flow optimization, and the use of financial ratios and metrics. By conducting a thorough analysis of Wheels India Limited's working capital practices, valuable insights can be extracted, best practices identified, and recommendations proposed to inform decision-making processes for practitioners, policymakers, and stakeholders alike. In essence, this research endeavor contributes to the existing body of knowledge on working capital management while offering actionable insights to empower organizations to enhance their financial performance, mitigate risks, and achieve sustainable growth in today's dynamic business landscape. Working capital management stands as a cornerstone of financial strategy for companies across industries, serving as a vital determinant of their operational efficiency, financial health, and overall competitiveness. Within this realm, the automotive components industry presents a dynamic and complex landscape, characterized by evolving market dynamics, technological advancements, and stringent quality standards. Amidst these challenges and opportunities, Wheels India Limited emerges as a prominent player, re410nowned for its longstanding legacy of excellence, innovation, and customer-centric approach.

The Impact of Firm Risk and the COVID-19 Crisis on Working Capital Management Strategies: Evidence from a Market Affected by Economic Uncertainty

The present study aims to investigate the impact of the COVID-19 crisis and firm risk on working capital management policies among manufacturing firms listed on the Tehran Stock Exchange (TSE). The study sample consists of 1200 observations and 200 companies listed on the TSE over a six-year period from 2016 to 2021; furthermore, the statistical method used to test the hypotheses is ordinary least squares (OLS). The results show that the COVID-19 pandemic has led managers to increase current assets to total assets ratio (CATAR), current ratio (CR), quick ratio (QR), net working capital (NWC), cash to current assets (CTCA) ratio, while it has caused a decrease in operational cycle (OC), days account receivables (DAR), and current liabilities to total assets ratio (CLTAR). Furthermore, we find that the higher the company’s risk, the more managers are motivated to embrace the working capital investment policy, net working capital, cash to current assets ratio, and cash conversion efficiency (CCE). In general, our findings indicate that during times of crisis, Iranian companies tend to adopt conservative working capital policies to ensure sufficient liquidity to respond appropriately to unforeseen events. In this study, the theory of liquidity preference aligns with the observed behavior of firms in response to the COVID-19 crisis and firm risk, where the emphasis on liquidity and short-term financial stability becomes paramount.

УПРАВЛІННЯ ВЕНЧУРНИМ ФОНДОМ В КОНТЕКСТІ МІЖНАРОДНОГО ПАРТНЕРСТВА

Formulation of the problem. In today's globalized world, venture capital plays a key role in stimulating innovation and the development of new technologies. The growing importance of venture financing draws attention to the management of venture funds, especially in the context of international partnerships. However, despite the potential benefits of international cooperation, there are numerous challenges that make it difficult to effectively manage venture capital funds in such an environment. The purpose of the article is to study modern approaches and strategies of venture fund management in the context of international partnership with the aim of identifying key factors that affect the success of investment projects, consideration of challenges and opportunities arising from cooperation between different countries and regions, determination of optimal approaches to effective management of venture capital assets in the international environment. The object of the study is the key factors affecting the success of investment projects in the international venture environment, as well as practical recommendations for fund managers, investors and regulators in order to improve venture capital management strategies and increase the competitiveness of international investment projects. The methodological basis of the research was the logical methods of information processing, statistical analysis, comparison. The main hypothesis of the study is that there is a direct relationship between the degree of success of venture fund management and the level of cooperation and mutual understanding between partners from different countries and regions. In addition, it is assumed that the implementation of optimal management strategies aimed at maximizing the potential opportunities of international partnership and reducing risks will allow to increase the effectiveness of venture investments on an international scale. Presenting main material. The role of international partnership in venture investing is studied through the analysis of the impact of international partnership on the development of the venture market and the determination of the challenges of managing a venture fund in an international context. The importance of global pooling of resources and expertise for investing in promising startups and technological projects has been proven. The problems of cultural and legal differences between the partner countries are characterized. Strategies for managing venture assets in an international environment are proposed. Originality and practical significance of the research. The study provides an original perspective on venture fund management, considered in the context of international partnerships. The proposed approach allows taking into account cultural, legal and economic differences between partner countries. The given recommendations can be used by fund managers to improve strategies for managing venture assets in the context of international partnerships. Investors will receive information on the key factors and risks associated with international venture investing, which will help them make more informed decisions about the allocation of their investments. Conclusions. The study shows that successful management of a venture fund requires not only technical competence, but also the ability to work effectively in international cooperation and take into account the specific features of different markets. Recommendations are given on optimizing management strategies and reducing risks to achieve successful investment results in international venture business.

Working Capital Management and Financial Performance of Small and Medium-Sized Enterprises (SMEs) and SACCOS in Kenya

Small and medium-sized enterprises (SMEs) play a critical role in driving economic growth, creating employment opportunities and promoting local revenue generation in Kenya. However, they face various challenges such as limited financial resources, inadequate infrastructure and volatile market conditions. Effective working capital management (WCM) is essential for SMEs to overcome these obstacles and achieve sustainable success. The aim of this research is to examine the impact of WCM on the financial performance of SMEs in Kenya. This paper uses literature review methodology to draw conclusions. The literature review provides insights from various studies that highlight the importance of credit management and internal factors that influence organizational performance. An efficient WCM is crucial for ensuring the financial stability of companies, especially SMEs. Poor WCM can lead to financial challenges and possible bankruptcy, while effective management can significantly increase financial efficiency. WCM involves monitoring a company's current assets and liabilities to ensure timely commitments while minimizing associated costs. This research contributes to understanding the importance of WCM for SMEs in Kenya and provides stakeholders with practical insights to improve financial performance through effective WCM strategies tailored to the Kenyan context.

The Role of Competitor Analysis, Market Orientation, and Service Quality in Working Capital Management and Operational Leverage as Links to Financial Stability of Manufacturing Companies Listed on the IDX: A Qualitative Approach

This study investigates the interconnectedness of competitor analysis, market orientation, service quality, working capital management, and operational leverage in shaping organizational financial stability. The research aims to identify strategic implications for effective management of these factors and provide insights for both theoretical understanding and managerial practice. The study employs a systematic literature review methodology to analyze existing research across various domains and synthesizes findings to elucidate the relationships among the variables. The results reveal that competitor analysis serves as a foundational element in strategic planning by providing insights into market dynamics and competitive positioning. Market orientation complements this by emphasizing customer-centricity and responsiveness to market needs, while service quality emerges as a critical determinant of organizational success. Effective working capital management and operational leverage strategies significantly impact financial stability by optimizing resource utilization and cost efficiency. The findings suggest that organizations must adopt a multidimensional approach to strategic management, integrating insights from marketing, finance, and operations. Managerial implications include prioritizing investments in market intelligence, fostering a customer-centric culture, optimizing working capital management practices, and carefully managing operational leverage. Collaboration across functional areas and agile decision-making are essential for adapting strategies to dynamic market conditions. Overall, the study contributes to a deeper understanding of the complex interplay among these factors and provides actionable recommendations for enhancing financial stability and sustaining competitive advantage.

Working capital management strategies and financial performance: A cause-and-effect analysis

Working capital management strategies and financial performance: A cause-and-effect analysis

Building Organizational Resilience in the Era of Uncertainty: Strategies and Best Practices

This literature review aims to explore strategies and best practices for building organizational resilience in the era of uncertainty. The research synthesizes existing literature to identify key predictors of organizational resilience, including resilient leadership, human capital management strategies, proactive resilience approaches, and cost optimization techniques. The methodology employed in this study involves a systematic literature review using reputable international academic databases over the past five years. Findings reveal that resilient leadership plays a crucial role in fostering organizational resilience by cultivating a resilient culture, enhancing awareness, facilitating learning processes, and strengthening physiological capital. Additionally, human capital management strategies focusing on individual capability development and resilience-building contribute significantly to organizational resilience. Proactive resilience approaches and cost optimization techniques further enhance organizational resilience by enabling quick adaptation and response to unexpected events. This study highlights the importance of adopting a multi-level approach to cost optimization and emphasizes the need for empirical research to validate the effectiveness of different resilience-building strategies. The findings offer practical insights for organizations seeking to enhance their resilience in uncertain environments.

EFFECT OF WORKING CAPITAL MANAGEMENT ON PROFITABILITY OF LISTED CONSUMER GOOD COMPANIES IN NIGERIA

This ex post facto study investigates the effect of Working Capital Management (WCM) on the profitability of 10 listed consumer goods companies in Nigeria over the period 2017-2022. Utilizing a panel data analysis framework with fixed and random effect regression, Jarque Bera statistics and Breusch-Pagan LM for assessing heteroscedasticity, the study reveals valuable insights into the relationship between WCM variables and Return on Assets (ROA). The positive and significant coefficient of 0.000617 for the Cash Conversion Cycle (CCC) suggests that a deliberate and strategic extension of the cash conversion cycle is associated with increased profitability. The study also explores the intricate relationships, revealing that fluctuations in inventory turnover, variations in accounts receivables and payables, and certain firm characteristics like size and leverage may not be robust determinants of profitability. These findings emphasize the need for tailored working capital management strategies based on specific industry characteristics and organizational contexts. The study's implications underscore the importance of meticulous cash conversion cycle management for consumer goods companies seeking to optimize financial health and operational effectiveness. While inventory turnover, accounts receivables, and accounts payables are crucial components of WCM, their individual variations may not be decisive factors influencing overall financial success. This research contributes to the growing body of evidence on the intricate relationship between WCM and profitability, offering valuable insights for financial decision-makers in the consumer goods sector in Nigeria.

Strategi Pengelolaan Modal Kerja dalam Menjaga Tingkat Likuiditas dan Profitabilitas pada BMT- Al Hidayah Kabupaten Lombok Timur

The background of this research is the determination of working capital in relation between the liquidity trade off and profitability, the capital determination which is not appropriate will have an impact on the liquidity level causing BMT being unproductive, and it also impacts on profitability. This research aimed to determine the working capital management strategy in maintaining liquidity and profitability levels and how the impact of the strategy which has been implemented.This research was descriptive qualitative research using primary and secondary data, with data collection techniques namely observation, interviews and documentation of the financial reports from 2019 to 2021. The analysis used was data reduction, data presentation, drawing conclusions, and financial report analysis used the calculation of liquidity and profitability ratios. The results of the research showed that the working capital management strategy and policy used by BMT AI-Hidayah in maintaining the level of liquidity, namely establishing partnerships with sharia banks and non-banks, setting cash budgets, and allocating the funds to branch offices, while the policy used by BMT in maintaining its profitability level was distribution in the funding form. The impact of the policy implemented by BMT in terms of liquidity, namely having sufficient funds in its operations to pay the obligations. It can be seen in the ratio calculation from 2019 to 2021. NWC, current ratio, cash ratio are in a fairly good category. the impact on the profitability side was that BMT has increased revenue and this can be seen in the ROE calcultion which is in the very good category, while the ROI calcultion is in the fairly good category.

Strategi Peningkatan Daya Saing Dengan Meningkatkan Kualitas Pengelolaan Keuangan Dan Modal Pada UMKM POPKID.ID

This community service program focuses on strategies to increase the competitiveness of MSMEs in POPKID.ID Children's Clothing by improving the quality of financial and capital management. POPKID.ID is an MSME engaged in the convection of children's clothing aged 1-13 years which has been established since 2020. One of the main problems faced by POPKID.ID is limited working capital which hinders business growth and development. The purpose of this community service activity is to provide training and assistance related to financial and capital management strategies for POPKID.ID. The method used is through training and mentoring. As a result, financial projections show an upward trend if financial and capital management is improved. Suggested strategies include optimizing funding sources and increasing financial literacy.

WORKING CAPITAL MANAGEMENT STRATEGIES OF NIGERIAN MANUFACTURING FIRMS AND THE EFFECTS ON CORPORATE PERFORMANCE

The study examined the working capital management strategies of Nigerian Manufacturing Firms and effect on Corporate Performance. Working capital management was decomposed into five variables being account receivable management (ARM), account payable management (APM), inventory management (INVM), cash conversion cycle (CCC) and cash conversion efficiency (CCE) which serve as the explanatory variables of the study while Corporate Performance was proxied by Return on Assets (ROA). The data for the study were collected from the Financial Statement and Annual Accounts of the selected firms covering a data panel framework of 20 years period (2000 to 2020) and nine (9) firms specifically were selected. The analysis was based on the ARDL regression technique was used to estimate the regression model while the probability values of the ARDL regression estimates were used to test the hypotheses at 0.05 level of significance. The result showed that: Account receivable management strategy have long run and no short run effect on return on asset of quoted manufacturing firms in Nigeria; Account payable management strategy have long run and no short run effect on return on asset of quoted manufacturing firms in Nigeria; Inventory management strategy have long and short run effect on return on asset of quoted manufacturing firms in Nigeria; Cash conversion cycle strategy have long and short run effect on return on asset of quoted manufacturing firms in Nigeria; and Cash conversion efficiency strategy have no long and short run effect on return on asset of quoted manufacturing firms in Nigeria. Further analysis revealed that account receivable, account payable inventory management and cash conversion efficiency had causal effects on return on assets. However, there is no causal relationship between cash conversion cycle strategy and return on asset of quoted manufacturing firms in Nigeria. The study thus concluded that working capital management strategies have significant effect on the financial performance of firms, and that the degree of effect differs by period, type of strategy and financial performance indicator. It was recommended among others that management of firms should firms increase the supplies to customers and allow credit to its customers, and firms should also explore the use of short-term credit in financing their business. The study contributed to knowledge by employing long run panel technique in investigating the working capital and firm performance nexus in Nigeria.

WORKING CAPITAL MANAGEMENT STRATEGIES OF NIGERIAN MANUFACTURING INDUSTRIES AND FIRMS VALUE

This research explores the capital management strategies employed by Nigerian manufacturing industries and their impact on firm value, as measured by Earnings per Share (EPS). Employing an ex post facto research design, the study focuses on a population of 25 industrial goods industries, selecting a sample of 9 quoted manufacturing firms. The independent variables encompass various working capital management strategies, including accounts receivable management, accounts payable management, inventory management, cash conversion cycle, cash conversion efficiency, current assets to total assets ratio, and current liabilities to total assets ratio. The dependent variable is firm value, proxied by EPS. Results reveal both short-term and long-term effects of working capital management on EPS. The long-run model demonstrates significant negative relationships between accounts receivable management (ARM) and EPS, suggesting that efficient management of accounts receivables has a significant impact on financial performance. Conversely, accounts payable management (APM) exhibits a positive but non-significant effect. Inventory management (INVM) and cash conversion cycle (CCC) are positively related to EPS, with CCC and cash conversion efficiency (CCE) having significant effects. In the short run, the error correction model (ECM) indicates a negative and significant impact of deviations in accounts receivable management and cash conversion cycle on EPS. The study recommends among others that organizations focus on enhancing short-term corrective measures, such as agile and responsive strategies in accounts receivables, to ensure immediate and efficient impacts on financial performance.

A study of the factors Affecting the Profitability of Zambian Commercial Banks. A Case of Zanaco

All businesses regardless of the nature require profitability for them to progress. Therefore, this thesis is aimed at assessing Zanaco’s profitability using ratio analysis, through three major objectives (i) To ascertain Zambia National Commercial Bank’s ability to generate return to its shareholders during the period 2016-2021. (ii) To determine Zambia National Commercial Bank’s ability to convert sales into profit during the period 2016-2021. (iii) To identify internal factors influencing Zambia National Commercial Bank’s ability to generate profit and returns to its shareholders during the period 2016-2021. The study used both primary and secondary information. Primary information was collected through structured questionnaires. Data analysis was done through SPSS V26 for primary data and excel for secondary data for the period 2016 – 2021, the response rate of primary data collection which was physically administered to Zanaco employees was 35 respondents indicating a 65%. Secondary data was collected through the analysis of Zanaco’s financial statements for the period 2016-2021. The findings review that the profitability ratios show that the bank has a stable ROA, and ROE, but low EPS and ROCE. The Low NPM below 30% for the years under review thus implying that Zanaco is minimally profitable, because of Zanaco’s high Expense operational ratios EOR. Zanaco bank is liquid as it is able to convert its assets to cash easily, but does not have enough cash flow. Additionally, the bank is affected, by inflation and macro-economic factors, however due to the bank size, capital, asset quality, credit rating and effective cost management strategies the bank is able to withstand turbulent economic impacts.

Penggunaan Analisis SWOT dan Uji Litmus dalam Menentukan Strategi Pengelolaan Modal untuk Peningkatan Produksi UMKM Ina Konveksi

The research aims to evaluate business capital management strategies to increase production of MSME. This descriptive qualitative research uses a case study on Ina Konveksi, with the SWOT analysis and litmus test method. The analysis results identified nine main strategies, namely: (1) attending various online and offline marketing training; (2) attend various skills and expertise training in financial bookkeeping and sales; (3) preparation and training in the use of marketing technology; (4) establishing a place for coordination and sharing between convection entrepreneurs; (5) attend a low interest credit program to increase capital; (6) establishing good cooperation with good, affordable and trusted fabric suppliers; (7) attend assistance programs from the Regional Government and Provincial Government in the field of financing creative economy businesses; (8) delivery of important information such as training programs for the use of technology, marketing and bookkeeping; and, (9) making mutually beneficial agreements between convection entrepreneurs.

Analisis manajemen modal kerja terhadap profitabilitas pada perusahaan consumer goods yang terdaftar di bursa efek indonesia (2017-2022)

The COVID-19 pandemic has presented major challenges to various economic sectors, but the consumer goods sector has shown remarkable resilience. This study examines the impact of working capital management on the profitability of consumer goods companies on the Indonesia Stock Exchange before and during the pandemic. Using panel data from 16 companies, the regression analysis shows that accounts receivable collection period has a negative impact on profitability before the pandemic, while collection period, inventory, and accounts payable are not significant during the pandemic. These results provide insights into working capital management strategies that are relevant for consumer goods companies during times of economic crisis, especially in managing critical aspects such as receivables, inventories, and accounts payable.