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My First, Failed Foray into Venture Investing

Harvard Business Review

But because we failed to hammer out exactly how we would operate (including our respective roles and responsibilities), infighting distracted from operating, cash became a concern, and the business slowly, then quickly, imploded. And because my husband and I were the providers of working capital, I had the luxury of being cavalier.

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Why Preventing Disruption in 2017 Is Harder Than It Was When Christensen Coined the Term

Harvard Business Review

When Christensen conducted the research for The Innovator’s Dilemma , he looked at industries that were asset-heavy. Construction equipment and disk-drive manufacturing required heavy machinery, distribution facilities, and immense amounts of working capital. They are not asset-heavy. They are asset-light.

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Best Buy Can't Match Amazon's Prices, and Shouldn't Try

Harvard Business Review

That 5% margin might come not from scale, but from the absence of stores, retail employees, and reduced working capital requirements. It could even focus more of its operations on the last-minute needs customers have for which no delivery network is fast enough, growing its automatic kiosk network.

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