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Business Plan Development: Know your Finances

Strategy Driven

Your marketing plan and SWOT analysis are interesting – but they don’t mean a thing if you don’t have realistic figures on your bottom line. You will need to make projections of the figures your business will achieve, rather than report on those you have. Develop a cash-flow statement. Create an expenses budget.

Finance 10
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Groupon Doomed by Too Much of a Good Thing

Harvard Business Review

Yet, the company reported ASCOI of positive $80.1 It was simply not enough for the firm to report earnings and explain that it was investing for growth. Secondly, expecting a business to be profitable quickly forces it to keep its fixed costs low. In the first quarter of 2011, Groupon posted a net loss of $113.9

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The U.S. Media’s Problems Are Much Bigger than Fake News and Filter Bubbles

Harvard Business Review

Political campaigns are marketing campaigns, messages aimed at selling a product. Two developments bear noting. Yet by 2004 its market share was down to 3%. It focused its efforts on earning a majority share of Europe’s digital classified advertising market (a product that connects buyers and sellers).

Media 10
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Who Wins in the Gig Economy, and Who Loses

Harvard Business Review

A full-time job provided the steady income needed to support our traditional version of the American Dream: the highly leveraged, high-fixed-cost house; the cars; the latest consumer goods. If you had a full-time job, you won. All of that is changing. The singular employee-in-a-job model isn’t the best option for everyone.

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Why Tesco’s Strengths Are No Longer Good Enough

Harvard Business Review

UK retail, like the rest of the developed world, is witnessing a few big long-term trends. In the last three years, these two companies have rapidly gained share and now account for more than 8% of the market, while Tesco has lost more than 2% share, down to 28%. and spends it in international markets. billion to $8.6

Retail 10
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Who Rules the Web Now?

Harvard Business Review

Wired reported late last year, "The top 10 Web sites accounted for 31% of US page views in 2001, 40% in 2006, and 75% in 2010." As each of these companies expands its fixed-cost infrastructure, profits grow geometrically because the additional variable cost of adding each new user is near zero.

CPA 15
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The Real Reason Superstar Firms Are Pulling Ahead

Harvard Business Review

Erik Brynjolfsson and Andrew McAfee reported a link between IT adoption and industry concentration in HBR in 2008 ; since then, multiple analyses have linked increased use of digital technology to higher profitability at both the industry and company level. Bessen’s findings are consistent with a lot of other data.