Leading Through Volatility: A 12-Step Framework For Strategic Cash Management

In an era defined by disruption and uncertainty, the most resilient provider organizations are those that view cash both as a resource and as a strategic lever. Leading during chaotic times (see The Chaos Cookbook) means adopting a rigorous, data-driven approach to cash management that is more than cost containment; it demands operational discipline, financial foresight, and enterprise-wide engagement.

A strong first step to strengthening and optimizing cash flow is to assess current liquidity using three fundamental metrics—working capital, current ratio, and days of cash on hand. These indicators reveal whether an organization has the financial flexibility . . .