Harvard Business Review

APRIL 5, 2017

However, higher accruals can reflect either innocuous aspects of certain business models, such as in the construction industry, where the time lag between earning income and realizing cash is long, or that growing firms retain higher working capital to meet greater current and future customer demand.

EPS 8

EPS Metrics Depreciation Short-term 8

Strategy Driven

MARCH 18, 2011

Walmart wrings maximum efficiency from its supply chain by integrating four capabilities – aggressive vendor management, expert point-of-sale data analytics, superior logistics, and rigorous working-capital management – that together deliver ‘everyday low prices’ to consumers. Purell) consistent with its chosen way to play.

Resources 52

Resources Industry System Strategy 52

Harvard Business Review

DECEMBER 15, 2015

Financing needs are driven by the cash on hand and the working capital required to conduct and grow the business. Business results were outstanding: EBITDA more than doubled in the first year and ROIC increased almost 300%, with fewer sales people. This is an important and often overlooked aspect in many strategy discussions.

Strategy 8

Strategy Team Discount ROIC 8