All business decisions are basically activated to achieve the goals of profitability, liquidity and growth. But these goals are not always mutually compatible and growing business, in particular, faces the problem of overtrading as their financial resources do not always expand in tune with their physical output. Growth is essential but the danger is that over—vigorous growth may bring financial distress if the company fails to generate sufficient cash flow in time. The woeful presence of such a problem has been experienced by many famous corporate bodies. Rolls-Royce Ltd. Also faced the problem of overtrading while launching a bug unsuccessful project. As a matter of fact, however, overtrading in any corporate business is not desirable as it spreads the germs of financial illness. Various aspects of overtrading in corporate business have been analysed in this book.
ABOUT THE AUTHOR Kiran Sankar Chakraborty
Kiran Sankar Chakraborty (b. 1960) did his B.Com. (Hons.) and M.Com. from Calcutta University in 1981 and 1983 respectively. He obtained a Ph.D. degree from Tripura University, Agartala in 1988. he also did P.G. Diploma in Business Management from institute of Modern Management, Kolkata. He joined Belonia College, Government of Tripura, as an Astt. Professor in Commerce Department in 1985 where he taught for twelve years and distinguished himself as a good teacher. In 1988he was transferred to another Government Degree College at Agartala, Ram Thakur College, and promoted as Reader. He is also Guest Lecturer in the Department of Commerce, Tripura University and member of Ph.D. Committee in Commerce, Tripura University. At present he is Regional Director, IGNOU, Agartala Regional Centre. A good number of his research papers and articles have been published in many contributed many papers in different national and international seminars and conferences. He is also working on a UGC-sponsored Minor Research Project and ICSSR, NER sponsored research project. His areas of interest are accounting, corporate finance, rural marketing, management of educational institutions, etc.
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