Capital Management at Lawrence Sports

Paper Summary:

This paper presents a case study of the company, Lawrence Sports. It discusses the need for the company to work on its capital management as an opportunity to better serve its stakeholders and improve its current economic standing. The paper then benchmarks other companies such as the Ford Motor Company and Toyota Motor Corporation, compared to Lawrence Sports.

From the Paper:

"By benchmarking other companies, Lawrence Sports is providing for its future by taking care of the present by implementing an effective working capital management system. By doing that, the company has control over its working capital. Furthermore, with cash balances and marketable securities, the company can begin to notice small changes that can make a difference. A good example of this would be a credit analysis of a potential customer that would down size the uncollectible accounts receivable accounts and allow Lawrence to feel more comfortable extending credit to customers (Lawrence Sports)."

Sample of Sources Used:

• Gray, C. F., & Larson, E.W. (2006). Project Management: Organization Strategy and Project Selection. New York: The McGraw-Hill Companies. Ch. 2
• Ureel, M. (2005).Ford's Virtual Manufacturing System. Retrieved November 10, 2007 from http://media.ford.com/newsroom/feature_display.cfm?release=20805

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