Financial Management Practices Essay
For the award of the Degree of
MASTER OF BUSINESS ADMINISTRATION
Mr. PUROHIT PIYUSHKUMAR N. (08CQCM6068)
UNDER THE GUIDANCE OF
MRS. KIRAN HIREMATH.
Dayananda Sagar College of Management and Information Technology
Shavige Malleshwara Hills, K.S. layout, Layout, Bangalore – 560078
Academic Year- 2008-2010
The definition used by the Indian authorities is based on the level of investment in plant, machinery or other fixed assets whether held on an ownership, lease or hire purchase …show more content…
SME’s form the back bone of any nation whether developing or developed. But the irony is that the real issues and problems that SME’s have been facing are not addressed as they should be. One such problem is the problem of timely availability of working capital.
Finance forms the life line of any business and if it not available when needed the most all day to day operations are effected and this in turn leads to various other problems (the worst result due to non-timely availability of working capital could be the closure of the enterprise). So it is significant to understand the business environment and how it creates a problem like scarcity of working capital of an enterprise. The study undertaken is also important so as to ascertain the impact of non-availability of working capital in time to
SME’s, on SME’s, large enterprises and the economy as a whole.
NATURE OF THE STUDY: STATEMENT OF THE PROBLEM
The problem which is addressed in this study is one of the most talked about issue i.e. the problem of timely availability of working capital to SME’s. The above mentioned problem will be addressed in this study by a detailed literature review from various available sources and through a case study of an SME facing this problem.
Objectives 1. To find out Working capital management problems in