Word: rulings
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...long tail has its intellectual roots in economic ideas that date back a century. In 1906, Italian philosopher Vilfredo Pareto noted that 80% of the property in Italy is owned by 20% of the population, a formula that, much later, became known as the 80/20 rule. It has forever influenced brand management, customer service and even personnel development. Focus your attention and resources on that top 20%, which is where the best returns on investment can be found...
More recently, though, in a 2003 academic paper that Anderson says influenced his theory, three management professors looked at the 80/20 rule in reverse. They upended the belief that the Internet's main benefit to consumers would be lower prices. Instead, they suggested that greater value online came from consumers having access to a wider selection of products and services. The key for businesses hoping to capitalize on the long tail, says Carnegie Mellon's Michael D. Smith, one of the paper's authors, is to cater to "significant heterogeneity in taste." Even though a majority of us may like...
GREENLAND, part of Denmark since 1775, has had home rule since 1979. Separatists, including Prime Minister Hans Enoksen, want control of defense, then eventual independence...
...Vatican tongue, with an aide translating into the local language. There could be no more jarring reality for this passionately Catholic country that had grown used to seeing one of their own in the seat of Peter, and relied on John Paul's unique leadership to help end Communist rule and chart a course for Poland's future...
...Core in ’78,” Schmid observed, “I always felt that the Core curriculum was too rigid.”Historian Caroline Elkins, another new addition to the council, won a Pulitzer Prize this year for her book on British colonial rule in 1950s Kenya—a work that began to take shape while she was a graduate student at Harvard.Elkins, who is Foster associate professor of African studies, says she wanted to join the council because of the quality of its current members.“The faculty council is comprised...