Why Some Digital Companies Should Delay Profitability for as Long as They Can
Harvard Business Review
MAY 4, 2017
When most of the great companies of the industrial era were founded, even the most brilliant economists believed deeply in the law of diminishing marginal returns. The law of diminishing marginal returns held firm throughout the industrial era. He speculated that some industries actually demonstrated increasing returns. This is a hard concept for leaders of industrial-era businesses to understand. Risk losing short-term. Nicholas Blechman for HBR.