Remove Development Remove Fixed Costs Remove Hedge Remove Travel
article thumbnail

Five Rules for Innovating in a Shaky Economy

Harvard Business Review

Companies can do five things to hedge their bets in turbulent times while opening up options for the future: 1. However many big projects become inflexible, travelling on rails to a fixed destination. Clean Magic Eraser, were breakthrough hits, but they probably cost a good deal to develop.

article thumbnail

Does Your Startup Have a Spending Strategy?

Harvard Business Review

These spending choices require tradeoffs, so entrepreneurs must first develop a strategy for allocating limited resources across a wide range of available options. After managing a sleeve of a successful hedge fund in London for five years, and building ample savings, Colin was ready for his own shop. The first is Colin.