Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi
Days are changing fast; the pace seems sometime out of many's reaches. Specially the functioning of some of government's organizations have gone under a sea-change. Though it may not be evident sometime to public. Not all the changes are healthy though most of them are likely to be. Don't you find the change in the working style of our nationalized banks? They are trying to match with their private or foreign peers. But what is unique about it, in private or foreign banks you mostly find the young and energetic staffs (though mostly outsourced) are manning the counters; on the contrary in our nationalized banks, the gray haired, aged, sometime with trembling hands are put behind the counter to cater the services. The customers expectations are also running high, so with the younger management staffs of the same banks. So, between demanding customers and inexperienced, young management staffs, the workmen of our nationalized banks are reeling. Unions,once omnipotent in the i