Choix strat\'egiques de la firme et contr\^ole financier

TL;DR

This paper explores how a firm's strategic choices and financial control tools influence its operational structure and cash flow, emphasizing the importance of technological environment and decision-making in organizational efficiency.

Contribution

It introduces new financial control tools like leverage cash and operating cash surplus to assess strategic decision impacts on firm performance.

Findings

Financial control tools provide relevant information on strategic efficiency.

Technological environment influences productive and operational choices.

Strategic decisions affect cash flow evolution and organizational structure.

Abstract

Observation of the workings of productive organizations shows that the characteristics of a trade, backed by nature given to a technological environment, determine the productive combination implemented by the decision maker, and the structure of the operating cycle which is related. The choice of the production function and the choice of the ring structure strain the operating conditions under which the firm's cash flow will evolve. New tools for financial control - leverage cash and operating cash surplus - provide the entrepreneur the information relevant to the efficiency of the strategic choices of the firm.