Effective Capital Management: Tool For Organizational Growth A Survey of Selected Manufacturing Firms In Delta State, Nigeria
The study investigated effective working capital management, tool for organizational survival. The study spotlighted the concept of working capital, factors that influence the working capital requirements of firms and the symptoms of shortage of working capital and under capital. Structured questionnaire was employed in the course of gathering relevant data for the study and administered on 80 employees of the organizations under study in Delta State. Data analysis was made using simple percentage tables. The hypotheses formulated were tested using chi-square test (X2) statistical technique at 0.05 level of significance. The results showed that there is positive relationship between effective working capital management and management of inadequate and
surplus working capital. the study concludes that effective working capital management minimize the effect of overtrading and undertrading. The study, however, recommended proper management of trade creditors, trade debtors and inventories for effective working capital management in organizations.