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Love Them and Lead Them

The Practical Leader

That’s particularly true in the airline industry. Airline revenues collapsed while fixed costs stayed high. According to a documentary video we often use in our culture development planning sessions, Southwest Airlines is “the company that love built.” They were named the #1 U.S.

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How Do I Start A Small Business?

Strategy Driven

Conducting a thorough market analysis to understand the target market, industry standpoint, business strengths, market trend, market theme, etc. Describing the offerings of your services, the product life cycles, intellectual properties as well as the research and development procedures of your business. Purchasing an Insurance Policy.

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Business Plan Development: Know your Finances

Strategy Driven

Plus it’s a useful number for comparing with different standard industry ratios. Differentiate between fixed costs, such as rent and payroll, and variable costs, such as advertising and delivery. Develop a cash-flow statement. Create an expenses budget. You may have to estimate things like interest and taxes.

Finance 10
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How Industry Giants Can Create Corporate Breakthroughs

Harvard Business Review

For example, a decade ago, it''s unlikely that small-business owners would have told you that they needed a flexible way to host data and applications, one that preferably turned the fixed cost of computer hardware into a variable cost of renting capacity. Developing a breakthrough idea will never be a paint-by-numbers exercise.

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Groupon Doomed by Too Much of a Good Thing

Harvard Business Review

Such a strategy limits an early venture's funding in order to force the business to develop a profitable business model and then invests heavily in growth once such a model is identified — Christensen terms such investments "good money" for incubating growth businesses and extols the strategy for three reasons.

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How Companies Can Use Investors to Their Advantage

Harvard Business Review

Then a new CFO joined the company: Masashi Oka, a financial industry veteran who had played a key role in transforming Mitsubishi UFJ Financial Group-owned Union Bank in the US. They had surged with the rise of digital camera only to peak in 2012, coming back down as smart phones became widely used.

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What Happens When All Employees Work When They Feel Like It

Harvard Business Review

A five-day work week consisting of eight-hour days happens to be the social norm in many of our societies at present, but I have long thought that a company that disrupts that kind of social norm in its industry could potentially build a momentous competitive advantage out of it. Could an approach like theirs work in other industries?