AES Corporation management (Organizational Behavior) Essay

AES Corporation guidance (Organizational Behavior) - Essay ExampleFinance management is crucial and the fact that we have been able to survive the current financial pressures proves our financial strength. We immediately took steps to reduce capital expenditure, disposed off assets, liquidated right to meet the margin calls, retrenched, and withdrew from risky business areas. We are aware that AES may not be able to access the capital market and has to rely on the internally generated funds. Besides, as per the analysts report we may not be able to command a fair value for the assets that we put up for sale unless the directors have already taken additional steps to provide a more substantial liquidity cushion. This will definitely leave us a better-capitalized and stronger company with less earnings volatility. Bidding power contracts is not an issue because people have the expertise to sustain competition like Shell and Bechtel. The rivet now should not be on the investors, but on attaining liquidity. All the other fronts have been attacked simultaneously. Organizational changes have already been made with a visible horizon to enhance operating performance, further reduction of operating costs, revenue enhancements. Two special offices the Cost Cutting Office and the Turnaround Office would assist in better coordination on management of expenses. It would also assist in taking prompt decisions to dispose off or retain businesses. Apart from these, what else can a new board of directors do? Failures of companies like Kellogg and Apple, who shared the vision of alternative type of enterprise.