The text and commentary both reference the concept of “cash as king.” Let’s think about this concept in the context of alternative business strategies.
Consider a situation in which an organization with which you are or were affiliated was “cash poor.” You may wish to keep the actual identity of the organization confidential. If this is the case, please use a fictional name for the organization when describing the circumstances and your recommendations.
If you have never worked with an organization that experienced being “cash poor,” choose one to lightly research using the Internet or you may informally interview a business colleague, friend, or relative.
Submit an initial post of at least 250 words addressing the following:
- Briefly describe the situation.
- In seeking to create a competitive advantage given the organization’s economic circumstances, what options might the company have to achieve a more favorable cash position?