Remove 2004 Remove EBITDA Remove Management Remove Technology
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Shape Strategy With Simple Rules, Not Complex Frameworks

Harvard Business Review

Managers in these organizations translate corporate objectives into a few straightforward guidelines that help employees make on-the-spot decisions and adapt to constantly shifting environments, while keeping the big picture in mind. Its new management team took over an organization that was bureaucratic, overstaffed, and bleeding cash.

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The Secrets to TripAdvisor's Impressive Scale

Harvard Business Review

The company agreed to be acquired by Expedia/IAC in 2004 for $210 million in cash , a huge win for all, particularly given their amazing capital efficiency: they had only raised $4 million in venture capital. and EBITDA margins are 47%. market cap is 6x revenue and 13x EBITDA, so not insane multiples on a comparable basis.

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