Successful organisations are able to compete in tough environments. To do this, they need: capable managers who are willing to face facts and make hard decisionsexcellent resources, including flexible and enterprising employeesfinancial resources to support initiatives for change, growth and improvement. This case study examines how in 1999 MFI, the leading furniture retailer in the UK, recognised the need to make key changes in order to develop a successful competitive strategy. In particular, it focuses on how the organisation has managed its finances more effectively….
Generating cash for growth
Estimated reading time: 8 minutes