Strategies for operating in this liquidity crisis
December 3rd, 2008From Ratan Tata‘s letter to all Tata companies (dated: Nov 6 2008):
Under the circumstances I consider it essential that each of our companies should consider:
- the conservation of cash to the maximum extent possible
- draw down all loans / lines of credit from banks and institutions to the maximum extent possible
- expeditiously finalise pending load and funding agreements, even if they involve accepting higher rates of interest
Companies should also take finite steps to:
- improve operational efficiency
- aggressively implement restructuring of internal cost framework
- drastically reduce operating expenditure
- defer non-essential capital expenditure and capacity expansion
- put on hold any plans for acquisitions unless considered strategically critical
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December 11th, 2008 at 6:16 pm
here´s my collection of free givts (ebooks) for you meattle, you share-o-holic :-)
http://veryheaven.blogspot.com/2008/12/collection-of-free-givts.html