Business Model Fixed Costs Management Working Capital 
Harvard Business Review
MAY 8, 2012
Due to huge capital requirements, these investments could exert considerable pressure on the working capital of the carrier company. telecoms are classified as a high technology industry: "Network is their business." In the U.S., Bharti, on the other hand, has little expertise in technology.
Harvard Business Review
APRIL 5, 2017
However, higher accruals can reflect either innocuous aspects of certain business models, such as in the construction industry, where the time lag between earning income and realizing cash is long, or that growing firms retain higher working capital to meet greater current and future customer demand.
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