Word: model
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Dates: during 2000-2009
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...experience to fresh talent. Dodge & Cox hires only one or two analysts a year. Starting in the 1980s, that became a problem as the firm began covering foreign companies. Dodge & Cox could have hired a big batch of analysts but decided not to, fearing it would wreck the apprenticeship model. "If you hire five people at the same time, they all start going to lunch together," says president Ken Olivier, a member of the U.S.-stocks committee. And as years passed, there might not have been enough promotions to go around. So instead, the firm added research associates--recent college...
...shop. Meanwhile, record labels are looking for solutions in mergers and takeovers - any day now, British firm EMI could be bought out by investment group Terra Firma. Says McNicholas: "With the pace of change, you just have to be very quick on your feet and rework your business model every six months - that's the challenge...
Depending on the subject at hand, the day-to-day running of the worldwide Catholic Church can resemble either a sort of centralized sacred politburo or a loose confederation of autonomous dioceses. If you prefer a business model, it's top-down management vs. franchising. Though imperfect, these analogies can help address a lingering question in the wake of the Los Angeles archdiocese's record $660 million settlement with victims of clergy sex abuse: What is the Vatican's responsibility...
...Zuckerberg: That's the critical part of it. Our whole theory is that people have real connections in the world. People communicate most naturally and effectively with their friends and the people around them. What we figured is that if we could model what those connections were, [we could] provide that information to a set of applications through which people want to share information, photos or videos or events. But that only works if those relationships are real. That's a really big difference between Facebook and a lot of other sites. We're not thinking about ourselves...
...line with what people are already trying to do. And people are trying to communicate in a certain way on Facebook - they share information with their friends, they learn about what their friends are doing -so there's really a whole new opportunity for a new type of advertising model within that. And I think we'll see more in the next couple months or years on that...