Harvard Business Review

MAY 8, 2012

In a rapidly changing industry ecosystem, heavy investments in hard infrastructure can burden balance sheets and limit flexibility. Bharti's innovative business model converted fixed costs in capital expenditure to a variable cost based on usage of capacity. telecom providers should take notice.

Balance Sheet 14

Balance Sheet Variable Costs Telecommunications Fixed Costs 14

Chief Executive

JULY 25, 2022

You see people who maintain highly conservative balance sheets and enormously prudent financial positions. And if we do that, we can’t help but grow revenues per fixed cost. It’s economies of scale at Vanguard and Amazon. They’re not the most efficient use of capital; they’re not the most efficient use of buffers.

Balance Sheet 98

Balance Sheet Assets Engineering Operations 98

Harvard Business Review

OCTOBER 7, 2015

This typically means they look to re-engineer the balance sheet to increase shareholder yield, over the shortest amount of time possible, which typically ranges between six to twelve months. However, free cash flow per share remained impressive at both companies, and fixed cost ratios remained somewhat intact.

Balance Sheet 12

Balance Sheet Cash Flow Revenue Reorganization 12