The new challenges are subtler.This reflects the end of the first post-communist business model (grab the cash flow and then the assets, shunt money abroad and bribe officials to keep their eyes shut).
It's essentially about them being addicted to the existing business model, to the cash flow that it generates, and not seeing that it's going to dry up—and it's going to dry up very quickly.
Modelled on the cash transfer programme successfully implemented in Kenya and other African countries, direct cash transfers have helped families to improve their health and nutrition and keep children in school.
It could almost be a business model for the cash-strapped Eurozone: Teutonic know-how meets Tuscan style and charm.
True, Propper didn't see all the books, but he understands more than most about the hockey business model and how the cash flows.
The war to become the "Groupon of China" has become an expensive arms race, turning Groupon's enviable cashflow model inside out: The cash is flowing out to chase customers and personnel, and victory may yet be defined by who can bankrupt whom first.
"Radio is the model for cash flow — the radiomen are going to run the TV business," says Jerry Del Colliano, publisher of Inside Radio newsletter.
However, our results show the complex interaction among the constructs in the model, and cash transfer alone may not result in parallel changes in the distribution of material hardship.
In 2008, for example, as Tesla was running out of money, Mr. Musk decided to accept down payments on the Model S and use the cash for operating funds — despite the fact that the Model S wasn't available and there was no guarantee that it ever would be.
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