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    1. As companies continue to grow and diversify into new markets, the importance of cash management to them becomes more apparent. Cash Management Practices: The following strategies and techniques are available for effective cash management in small companies. hbr case study solution The following three strategies and techniques are particularly relevant for small companies: 1.1. Automation: The use of computerized accounting and inventory control systems can improve the management of cash flow and minimize the need for cash and cash equivalents. see this Automatic drafting of checks reduces the need for cash

    VRIO Analysis

    1.1 Cash Management Practices in Small Companies are the effective means by which a business entity can manage its cash flow effectively and efficiently. These practices have become an integral part of most modern business operations, and they serve as an essential component for any firm that wishes to remain competitive and profitable (Jassy et al., 1998). Cash Management Practices involve the systematic process of managing funds, assets, and payments on an ongoing basis (Buchler, 2005). Through cash management