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Strategic Data-Based Optimization of Working Capital Management in Medium-Sized Firms: A Real-World Case Study

Strategic Data-Based Optimization of Working Capital Management in Medium-Sized Firms: A Real-World Case Study

Milan Branko Vemic
Copyright: © 2015 |Pages: 36
ISBN13: 9781466681224|ISBN10: 1466681225|EISBN13: 9781466681231
DOI: 10.4018/978-1-4666-8122-4.ch002
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MLA

Vemic, Milan Branko. "Strategic Data-Based Optimization of Working Capital Management in Medium-Sized Firms: A Real-World Case Study." Strategic Data-Based Wisdom in the Big Data Era, edited by John Girard, et al., IGI Global, 2015, pp. 15-50. https://doi.org/10.4018/978-1-4666-8122-4.ch002

APA

Vemic, M. B. (2015). Strategic Data-Based Optimization of Working Capital Management in Medium-Sized Firms: A Real-World Case Study. In J. Girard, D. Klein, & K. Berg (Eds.), Strategic Data-Based Wisdom in the Big Data Era (pp. 15-50). IGI Global. https://doi.org/10.4018/978-1-4666-8122-4.ch002

Chicago

Vemic, Milan Branko. "Strategic Data-Based Optimization of Working Capital Management in Medium-Sized Firms: A Real-World Case Study." In Strategic Data-Based Wisdom in the Big Data Era, edited by John Girard, Deanna Klein, and Kristi Berg, 15-50. Hershey, PA: IGI Global, 2015. https://doi.org/10.4018/978-1-4666-8122-4.ch002

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Abstract

The chapter explores whether and to what extent a systemic approach to optimal management of working capital stemming from database wisdom exists in medium enterprises in Serbia as a transition economy. The chapter portrays the level of optimization of all key components of working capital management and addresses indispensable strategic directions for Serbian entrepreneurs and managers that could have broader application in transition context. Ultimately, the chapter explores how to achieve better and more effective results in the development of medium enterprises by optimizing database wisdom for working capital management. As a research paper, the chapter reviews the experiences from Serbia and compares them with achievements in other transition and more advanced economies. In a case study undertaken in Serbia with semi-structured interviews in medium-sized enterprises, the author examines the specific preconditions for increasing the current perceived inefficient use of working capital and extend for discussion an optimization model based on tested hypotheses.

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