... to achieve at least 250 000 cars sales figure and came up with idea of introducing three models of cars varying in cost, designs and number of options added and each model targeting different market sectors. Something went wrong from the start. The management was not divided into different functional departments due to the rush of making decisions and putting ideas of individual members together in the first year. In fact it was not divided into any parts throughout 5 year period, because if it was, the financial department would definitely be the one of the worse performance in the company. That was the actual weakness of the "JAAK Motors"- financial issues. Financial and accounting knowledge improvement would be the primal help in the company as a lack of predictions had its place in running the first year. The first year the company report has shown cars sold figure at its ...

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