Working Capital Management Essay Example | Topics and Well Written Essays - 3750 words

Working Capital Management - Essay Example The paper tells that working capital for any firm is defined as the amount of money or current assets required by an organization for its everyday running. Liquidity in a business ensures that it remains solvent and that all its operations can be successfully undertaken. Cash, therefore, is a crucial part of the survival of any business organization. For this reason, sound financial management policies are paramount to the success of any business. Working capital management also involves providing finances for investment in the short term assets that are essential for the day to day running of the organization. They include reserve for unexpected costs, pre paid costs like operating licenses and insurance policies. Cyclic or seasonal financial needs should also be met. A clear example is the excessive spending of credit card holders during festive seasons like Christmas, where the banks experience an increase in lending. Good financial management will ensure that the banks can give a s much money as possible. There is also a delicate balance between too much solvency and profit maximization of an institution. Citibank, the principal operating subsidiary of Citicorp are among the biggest financial institutions in the world. Citibank has many international branches especially in south East Asia. In 1983, Citibank’s country manager for Indonesia, Melhi Mistri, was faced with the task of increasing profitability while managing the banks operating capital in line with reviews of its operating budget. He also had the mome

Humanitarianism and Human Rights Essay Example | Topics and Well Written Essays - 750 words

Humanitarianism and Human Rights - Essay Example Human rights occur and persist as a consequence of agendas that have been developed and implemented by international development banks and agencies concerned. This is according to Ellen Messer’s discussions on human rights and humanitarian. Anthropologists have looked into and have been compliant with human rights standards, and they have a stand for moral values by criticizing violations and abuses. They have also helped in channeling those who are affected by human rights abuses and how they can protest violations and protections directly. Messer suggests that Africans need to redefine human rights; they need to know the definition of human rights according to the International legal spheres definition since they seem to be suffering at the hands of other people not knowing what their rights are. This is because traditional rights and responsibilities have been wasted away in the urban contexts, and they are not followed anymore. Women and the children are the ones seen to suffer the most. They are taken into slavery and forced to work on large scale farms. In Africa also they have debates whether rights to development and freedom from hunger take priority over the emphasis on individual political-economic freedom. Africans are slaves of power and authority; they do not have rights to air their views on politics that go on. Their focus is how they are going to free themselves from hunger, and that’s why they are turned to be slaves since they have no option when it comes to food.