Corporate Performance Improvement: A Practitioners Perspective

Corporate Performance Improvement – A Practitioner’s Perspective is written by a practising manager who has pursued it as a research topic. The book discusses and develops unique business processes to improve return on capital metric of any manufacturing company and lays down an approach which has been tried out at Sona Koyo Steering System, Gurgaon, with resounding success. It also discusses a unique formula as to how to determine the working capital required of any firm using the cash-to-cash cycle concept and thus lays down the foundation to measure and improve the efficiency of working capital management of a firm. It proposes a new metric to measure the value delivered to shareholders and thus discusses how Indian companies are performing in this regard. Corporate performance is a complex topic and the book discusses certain ways of improving productivity of firms through better performance at the conceptual level in various functions such as purchase, manufacturing, supply chain, finance etc. The concepts discussed are replicable in any company of any size and can be tried out in any manufacturing firm. What is needed is patience to try out with conviction and consistency. The book propounds innovative thinking in the area of corporate performance improvement and is a torch-bearer for many more books to come in this domain. Important Features; How return on capital is influenced by the five decision variables in improving the financial performance of any company; Business process documented to improve the return on capital of any firm; How you can estimate working capital required of any firm and its relationship to suppliers credit terms is fully explored; Unique metric to assess value delivered to shareholders, purchase process improvement using e-auctions; Strategic approach for optimising product mix decisions; Business approach for optimising manufacturing strategy for pharmaceutical industry.