Lawrence Sports Generic Benchmarking
The lifeblood of free enterprise opportunities over the span of centuries has for all tense and purposes been either currency or precious metals. The lack of free cash flow after all the liabilities are satisfied, generally spells disaster to the free enterprise effort, regardless of how the actuals have been formulated on balance sheets, income statements, or quarterly financial reports issued to appease federal regulators and sway governing boards. Lawrence Sports financial managers have come accustomed to finding themselves at the precipice of either boon or ruin, on a weekly basis for the last three quarters.
Unfortunately, real world of funding of business operations in the 21st century rely upon monetary mechanisms created to insure adequate compensation of stakeholders across the spectrum of most organizations, despite the actual inflow of cash from B to B or B to C transactions. Funding that has on more than one occasion, (i.e. Enron, Anderson, and World Com) led to the unscrupulous and/or risk taker to being hailed as a savoir or forever damned as a Judas. The sword of finance shows no remorse and possesses the ability to cut in all directions, which on rare occasions is the unfortunate hand that wields it.
The chosen firms selected as benchmarks in this article: Krispy Kreme and American Woodmark Corporation have both enjoyed business successes for generations and now these corporate entities have found themselves on the descending curve of the business growth graph and more appropriately on the road of corporate demise. The remedies the two firms employed to curb each of their unique si ...