An Analysis of Working Capital Management Strategy in Small Enterprises Operating Within Group Purchasing Organizations

Grzegorz Zimon ()
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Grzegorz Zimon: Rzeszów University of Technology

A chapter in Eurasian Economic Perspectives, 2020, pp 103-111 from Springer

Abstract: Abstract Working capital management is the most important area of business management. The main purpose of net working capital management is to keep the financial safety of an enterprise. The purpose of this article is to analyze working capital management in small enterprises operating in Polish group purchasing organizations (GPOs). The research was carried out on a group of 96 commercial enterprises operating in the construction industry. The research period covered the years 2013–2017. The units operate in Polish group purchasing organizations. Statistical research was performed using the statistical average, median, minimum, and maximum values for the most important financial indicators informing about the working capital management strategy. The analysis was to show which strategies for managing working capital are used by small enterprises operating within GPOs. The results indicate that small enterprises operating within purchasing groups are abandoning aggressive strategies. They focus on the safe management of the company; their management strategies tend toward an indirect strategy, which should be defined as moderate-conservative one.

Keywords: Working capital; Group purchasing organizations; SMEs; Poland (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-030-48531-3_7

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DOI: 10.1007/978-3-030-48531-3_7

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