CHAPTER FIVE CONCLUSIONS AND RECOMMENDATIONS 5.1 Introduction This chapter is aimed at giving conclusions that are coming from research and also recommendations given to the outcome. The conclusions and recommendations are based on the findings of the research that were presented in the previous chapter. The findings and discussions give an overview to the management team on what needs attention 5.2 Summary of critical features The research set out to analyse the effectiveness of working capital management systems in improving the profitability of manufacturing SMEs in Zimbabwe. The primary objective of the research was to analyse the working capital needs of SMEs, to establish whether working capital management systems have an impact on the profitability of a SMEs so as to provide a suggestion of what should be done to improve working capital management in manufacturing SMEs and finding out the weaknesses in WCM systems used by SMEs. Primary data was collected and the findings indicated that there is indeed a link between working capital management and profitability of SMES. Currently SMEs manage their WC poorly and hence their poor financial performance and slow growth. As a result small firms should upgrade their investment in working capital, adopt more efficient systems so as to improve their profitability and growth through adopting the recommendations crafted in this chapter. 5.3 Conclusions 5.3.1 Conclusions on Cash Management Practices From the study most SMEs
The findings of this study may further contribute to the body of knowledge which may serve as bases for further research.
INSTRUCTIONS: All questions apply to this case study. Your responses should be brief and to the point. When asked to provide several answers, list them in order of priority or significance. Do notassume information that is not provided. Please print or write clearly. If your response is not legible, it will be marked as is and you will need to rewrite it.
The purpose of this paper is to critique a quantitative study and to present a critical analysis on its research findings. The paper will discuss the elements influencing believability and robustness of research, including writing style, research problem, literature review, conceptual framework, research question, hypothesis, study sample, methods, data analysis and results, and discussion of the relevance and future directions.
Sources cited must be relevant, comprehensive and current as to provide evidence that the study conducted was necessary (Burns & Grove, 2011). Walker cited both quantitative and qualitative studies to describe current knowledge of the problem and need for additional research. The literature was effective and relevant to the focus of the research study. The author used literature to build a logical argument in the introduction and complement the findings of the study in the discussion. Available studies were not evaluated nor were weaknesses indicated.
Working capital is the key to a successful business. It is like their blood flow and the manager’s job is to help keep it flowing. Under the Generally Accepted Accounting Principles working capital is simply the difference between a company’s Current Assets, which are cash, inventory, accounts receivable and prepaid items, and Current Liabilities, accounts payable and accrued expenses.
Following the introduction, the authors continue into a review of literature in which the cited sources addressed relevance to the study’s variables. The review of literature consisted mainly of primary and current sources, with no citations preceding the article by five years. It is within this section of the article where the authors chose to further discuss the previous research conducted on the variables and how the variables have
The data from this research study is clearly expressed, consistent and reflective of the data. There are primary sources cited in the article, and relevant landmark studies were described and used in this
The sample size in this research is small which makes it difficult to find a significant relationship between the data and the research question. Additionally, the research instrument was distributed via email which limits complete access to all required personnel within the organization.
This paper review is detailed in the content contained about the topic at hand. The author includes known information, identifies actions to be taken, includes uses for results, discusses directions for action, provides analysis strategies, ends with a conclusion of the findings, and is lastly followed by a thorough list of references. I did not identify any inherent bias within the document. The date of the article is September 2003, so the study is over 10 years old and there may possibly be current data to suggest in agreement or against.
Authority: The author is an expert in this subject with a university affiliation and is a prolific contributor to academic writing in this field. Furthermore, this paper is a systematic review, which is considered a high standard of research. Moreover, the paper is peer reviewed and prepared by a
There are ten scholarly, peer-reviewed research articles selected for the preliminary literature review and they are summarized below. The relevance of the articles and the research findings, research design and methods are included below.
LITERATURE REVIEW RESEARCH METHODS Conceptual framework RESULT CONCLUSION DISCUSSION Recommendation Limitation of the study REFERENCES
Research was carried out across various pieces of literature to identify the key areas that need to be assessed to conclude on the research question.
A review of the literature provides more detailed information on the chosen topic. Its purpose is to give the researcher knowledge that will form the foundation for his or her study and therefore, the information must be related to the topic. Not only does it provide basic information on the variables in the topic but also covers various relatable studies conducted in the past; how, where they were conducted, and the conclusions that the researcher(s) came to. Literature can be obtained from a wide variety of sources; newspapers, journals, databases, books, encyclopedias, digital sources, and much more. Information obtained in this section helps the researcher understand the magnitude of the problem defined in the first stage, recognize any consequences and gaps that other researchers may have not filled, and identify potential strategies to combat the problem. It serves as a secondary source of information. Based on
2. There is no significance co-relation between working capital management and profitability of the sme’s.