| Abstract: |
Observation of the workings of productive organizations shows that the
characteristics of a trade, backed by nature given to a technological
environment, determine the productive combination implemented by the decision
maker, and the structure of the operating cycle which is related. The choice
of the production function and the choice of the ring structure strain the
operating conditions under which the firm's cash flow will evolve. New tools
for financial control - leverage cash and operating cash surplus - provide the
entrepreneur the information relevant to the efficiency of the strategic
choices of the firm. |