More and more companies in today’s growing economy are failing for an odd reasonthey cannot keep up with the sudden success of their products. Products do not have sufficient quality to please customers, production capacity cannot keep up with the demand, cash flow cannot finance growth, company systems are incapable of handling the increased number of transactions, the company cannot assimilate the vast number of employees needed to run the newly enlarged corporation, or company management is incapable of dealing with the myriad pressures, growing into today’s corporate giants, such as Xerox, Dell, and Compaq.
Book Details:
- Author: Steven M. Bragg
- ISBN: 9780470310595
- Year Published: 1999
- Pages: 336
- BISAC: BUS020000, BUSINESS & ECONOMICS/Development / Business Development
About the Book and Topic:
More and more companies in today’s growing economy are failing for an odd reasonthey cannot keep up with the sudden success of their products. Products do not have sufficient quality to please customers, production capacity cannot keep up with the demand, cash flow cannot finance growth, company systems are incapable of handling the increased number of transactions, the company cannot assimilate the vast number of employees needed to run the newly enlarged corporation, or company management is incapable of dealing with the myriad pressures, growing into today’s corporate giants, such as Xerox, Dell, and Compaq.
Companies in high-growth industries have the opportunity to become overnight successes if they have the right products. This book addresses the reasons for success or failure when companies are confronted by explosive growth situations, and it describes the many steps that can be taken to keep from being a victim of explosive growth.
Includes samples of the reports needed to maintain proper control in a rapidly expanding company. * Supplies measurement and reporting systems to keep cash flow in line with expectations, and multi-option budgeting systems that address many growth levels. * Provides checklists of warning signs that foretell sudden expansions or declines in the level of a company’s sales volume.
About the Author
STEVEN M. BRAGG, CPA, CMA, CIA, CDP, CSP, CPM, CPIM, has been the COO of Isolation Technologies, a consulting manager at Ernst & Young LLP, and is currently the Controller of Intertech Plastics, Inc. He received an MA in finance from Bentley College and an MBA from Babson College. He is the author of Just-in-Time Accounting (Wiley), Advanced Accounting Systems, and Outsourcing the Corporation, and coauthor of Controllership and The Controller’s Function, both from Wiley.