We attended Blain Lambert’s lecture about Working Capital Management on 30th of March. Lambert started by telling about Fontys International Business School, where he is a Senior Lecturer. IBMS is a school of 3500 people (70% abroad), near Germany’s border in the Netherlands.
Lambert communicated actively with the class by asking questions and creating conversations. Differences between Finnish and other cultures could be seen by the activity of the non-Finnish audience. We found the differences amusing and it made the lecture unique.
The main point of the lecture was about boosting company value with management. Lambert asked for examples in current assets (CA) and non-current assets (NCA). Another major theme was liabilities, which means basically granting and buying on credit.
5 interesting points:
- Maximizing efficiency with good capital managementIt’s good to hold inventory for you can save time and money. The lowest possible inventory is the best.
- Granting credit is good customer service and can also increase sales.
- Cash ratio on minus. An example of this is Dell where they get the payment upfront before they even order the materials.
- Buying on credit improves company’s liquidity for its flexible payment due.
Questions to Blain Lambert:
At what age do you apply to a university and is there an entrance exam?
- Lambert compared the differences between Germany and the Netherlands. Lambert grew up in Germany and teaches in the Netherlands. In Germany people apply a few years later than in the Netherlands. In Germany the average age for applying to university is 18-19 and in the Netherlands 16-17
- At Fontys IMBS there is no entrance exam but instead they take in all applicants and give them a chance. The trick is that the students have to gain 50 credits out of 60 on the first year to stay in the school.
How does applying to a job differ in the Netherlands compared to Germany?
- In Germany the interviewers are interested in your school grades and earlier success. Often they will pick the applicant with better grades.
- In the Netherlands they value more having a diploma than good grades. If you prove your competence with your studies, you are more likely to get a job.
From the left: Miro Holm, Perttu Huttunen, Helmiina Isokangas, Tia Impola, Blain Lambert, Ville Ilkka, Juuso Häkkinen, Reetta Hurske, Aku Hännikäinen, Olli Jalava
Written by: Donum