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.
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What is a Business Model
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Re: What is a Business Model
Tell me how a good manager could make that work.
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