In the case of Dick Smith, as the internal stakeholder, the senior management has the great impacts on the collapse of the company. Bill Wavish, as the board of Dick Smith, increases the inventory level to $200 million because he thinks that the inventory is very low when he joined the company in 2013 (Robertson, 2016). But it has been the great risk to the company though there is a great confidence to Dick Smith’s management, which has the plan and a better track record (Robertson, 2016). At the same time, Mr Wavish, as the chairmen of Finance and Audit Committee of Dick Smith, also can understand that there isn’t the capability to forecast the cash flow in the accounting state of Dick Smith (Robertson, 2016). But the weekly and daily cash
