MN6054 e-Portfolio Assignment 2

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In your class of 6th March you discussed the key reasons for business failure and, in particular, the role effective control of credit can play in business survival.
Your task now is to:
1. Summarise the key issues in managing credit and the processes available to improve cash flow
2.  Select a public company that has either gone into liquidation (or Chapter 11 if a USA organisation), or been taken into receivership, or had to be rescued. Then using secondary research analyse the causes of its failure and relate this situation back to the issues discussed in class.
You should read widely on this topic by consulting relevant journals and other academic sources and reflect on the selected company situation by reference to academic theory on business failure. Reference your work accordingly.