¶ … Tail
Anderson (2004) argued that the laws of supply and demand can be viewed in a different manner that can positively affect an organization's ability to create and sustain a competitive advantage within a market. Using the entertainment market as an example, he suggested that opportunities exist in fulfilling specific and unique customer demands in smaller quantity and dismiss more mainstream approaches.
The purpose of this essay is to explain how the economics of abundance discussed in this article, or the long tail approach, may be applied in managing information systems. This essay will suggest that all systems are about finding a balance point between quantity and quality and in some cases, as in the long tail scenario, they are not asymmetrical.
When organizations seek to tailor the fine entertainment tastes described in Anderson's work, they discover that there are many customers who will readily spend money on attaining unique and special items. It is a growing trend to become an outsider and prefer things outside the mainstream it appears from this author's research. I tend to agree in some aspects, but this trend itself is nothing but a temporary market correction that reflects a natural balancing effort.
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Tail Economics Book Analysis: The long tail. How endless choice is creating unlimited demand In the past, economics' was dominated by vendors that sold a large quantity of only one or two items. The Internet has changed the shape of product offerings. The new economic model, first made popular by Chris Anderson in an article published in Wired magazine, examines the new economic model. This model is based on each vendor
Anderson, RW & Chantal K. 1998, Transition banking: financial development of central and eastern Europe, Clarendon Press, Oxford. Barley, S 1983, Semiotics and the study of occupational and organizational cultures, Administrative Science Quarterly, Vol.28, pp.393-413. Blount, E 2004, Bad rap on Russian banking? ABA Banking Journal, no.12, pp.47-52. Brown, J 1987, A review of meta-analyses conducted on psychotherapy outcome research, Clinical Psychology Review, Vol. 7, Issue. 1, pp. 1-23. Bullis, CA & Tompkins, PK
76). As automation increasingly assumes the more mundane and routine aspects of work of all types, Drucker was visionary in his assessment of how decisions would be made in the years to come. "In the future," said Drucker, "it was possible that all employment would be managerial in nature, and we would then have progressed from a society of labor to a society of management" (Witzel, p. 76). The
……South African Municipalities Municipal Revenue Loss Reduction through Improved Municipal Valuation Methodologies:Balance Sheet Enhancement of South African Municipalities to Improve Rates and Taxes Revenue GenerationAbstractThis study examines the property valuation process of Municipalities in South Africa and develops a strategy for strengthening that process in order to more efficiently value properties and ultimately to enhance municipal balance sheets and increase revenue streams. This study proposes an innovative valuation method based
Consultant Pharmacists Impact on the Treatment of Hypercholesterolemia What is Cholesterol, and Why is it of Concern? Guidelines for Treating Hypercholesterolemia Management of Hypercholesterolemia Management of Hypercholesterolemia By Different Health Care Workers. Practical Management of Hypercholesterolemia Community Pharmacists and the Management of Hypercholesterolemia Economic Impact of Pharmacists' Treatment of Hypercholesterolemia This paper will look at the impact of consultant pharmacists on the treatment of hypercholesterolemia by physicians. Pharmacists have now assumed responsibilities outside the dispensing counter and have
WorldCom (CEO Bernard Ebbers) supported by years of profitability arising from the deregulation of phone companies was a fast moving stock that was highly toted by stock specialists as a must buy, even while it was seriously hemorrhaging from bad and fraudulent business deals and its own shoddy accounting, cover ups and bad investment deals. WorldCom quickly supplanted at&T as the favorite of many investors, based heavily on Grubman's recommendations.
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