No Such Thing As A Bad Business Model - Only Bad Management
from the interesting-viewpoints dept
An very good column from James Cramer suggesting that there are no bad business models only bad management. He makes some very good points about Webvan, eToys, and Kozmo. All of these are businesses that had (or have, for the time being) customers that love what they provide. However, all were pushed by bad management and bad VCs to "get big fast" and to ignore basic business principles. Due to this they've run out of cash, rather than built a strong profitable business that people trust. As he says, good business people figure out how to take money and make money with it.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
What is a Business Model
[ link to this | view in thread ]
Re: What is a Business Model
Tell me how a good manager could make that work.
[ link to this | view in thread ]