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This paper discusses Motorola's global cash management system which centralizes its various cash transaction processes throughout the organization. Its global strategies with regard to cash management are examined as are some of the challenges facing global managers in the contemporary business environment. Finally, the effect that recent financial scandals have had on corporate financial reporting requirements is expanded on.
From the Paper:"The global economy has led the necessity of even nationally confined companies to adopt global operational strategies. In truly global enterprises such as Motorola, that has operations in more than 80 countries and revenues of over $23 billion in varying currencies, adjusting to this disparate operational platform can be difficult. Motorola's strategic benefits gained from consolidating and centralizing its cash management and transaction system into a global cash management system are many. Chief among these strategic benefits however is the cost savings achieved through foreign currency exchanges in the amount of $6.5 million in direct savings. Yet, this direct cost savings does not quantify the true savings to the corporation as a whole since a percentage of operational overhead has been reduced through a reduction in administrative functions as well as shifting much of the back-office responsibility of this system to ..."
Cite this Case Study:
Motorola (2006, December 01) Retrieved July 27, 2021, from https://www.academon.com/case-study/motorola-88224/
"Motorola" 01 December 2006. Web. 27 July. 2021. <https://www.academon.com/case-study/motorola-88224/>