Abstract
Chaos is a fact of life and accordingly engulfs almost all aspects of human society ranging from the social-economic to the political. It is thus not surprising to note that we cannot talk about any aspect of life in a chaos vacuum. Many business companies have ups and downs in their business operations. These ups and downs are typical of chaos and indeed render the activities of a company complex. They are influenced by economic conditions, political conditions (e.g. War), expansion of the export market and diminishing value of competitors due to bad economic conditions. Accordingly some companies end up closing while some resort to borrowing or taking on loans in order to survive and negotiate this complex jig-saw. Such loans have repayment schedules and conditions and given the intricate nature of the same, some companies fail to pay back as expected. There are several factors that affect the payment process mostly of which is a sharp decline in sales. This paper explored the plight of the Hampton machine tool company in the wake of a debit and loan crisis and also examines how the company was able to survive the onslaught of a chaotic and complex loan setting.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Reference
Mullins JRDW (1991) Hampton Machine Tool Company. Lecture conducted from, Boston, USA
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2016 Springer International Publishing Switzerland
About this paper
Cite this paper
Şekerci, A.S. (2016). Hampton Machine Tool Company. In: Erçetin, Ş. (eds) Chaos, Complexity and Leadership 2014. Springer Proceedings in Complexity. Springer, Cham. https://doi.org/10.1007/978-3-319-18693-1_36
Download citation
DOI: https://doi.org/10.1007/978-3-319-18693-1_36
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-18692-4
Online ISBN: 978-3-319-18693-1
eBook Packages: Business and ManagementBusiness and Management (R0)