Some may agree that a child’s childhood causes them to commit crimes when they become adults. There are others who may disagree, that a child’s up bringing has no effect on when, why or how a person acts when becoming an adult. According to a childhood friend of Patrick Purdy, she recalls Purdy a neighborhood kid chasing her sons with a wooden handled butcher knife when he was nine years old. As it seems that he’s been troubled since childhood, his issues only got worse as he grew older. Though he may not have appeared to be normal to most, many still question his reasons for his actions.…
The final market segment is behavioral. Do people shop for the lowest price at the discount store or the most expensive item at the upscale store? Today’s technology is slowly pushing book stores out of the market with the introduction of the iPAd and Tablets. You can buy a book for $25 or get the electronic version for $3-5. This is the bigger target market, I can have 50 novels on my tablet and take them all wherever I go instead of having to lug them…
Tyranny is an abuse of power over others by a person or government. One example is any government which has too much power and restricts the rights of its people. A different type of tyranny is when the will of the majority restricts the rights and freedoms of individuals in the minority. For example, slavery in America was developed by the white majority in the South, to assure that their economy would succeed. Tyranny of both types mentioned still exists in the world today.…
Shirkey suggests that to be able to take a single idea and have it reach global deployment within the space of three years, you need both digital technology and human generosity. Now that we have the tools and the technology, we need the time, energy, and ideas and we need to put them out there. There is over 1 trillion hours a year of free time on this planet, and it is a curious notion to think of what all those hands and minds are doing during it. In the 20th century, our outlets of media and technology were not advanced enough to see what everyone else was doing, except for what was presented to us by a small host of producers. Shirkey suggests that we were “couch-potato consumers” because there were no other options for us. Now that we can, through the internet, peak into the musings and creations of others, we get a glimpse of what goes into some of those 1 trillion hours (though sometimes you wish you could delete a glimpse)…
"Compare and contrast the role of Innovators and Early Adopters with the role of the Early Majority in achieving commercial success. Relate your answer to Gladwell’s theory of the Tipping Point?"…
About 50,000 new titles, including new editions, are published in the United States each year, giving rise to a $20+ billion book publishing industry. About 10 percent of the books are sold through mail order. Book retailing in the 1970s was characterized by the growth of chain bookstore operations in concert with the development of shopping malls. Traffic in bookstores in the 1980s was enhanced by the spread of discounting. In the 1990s, the superstore concept of book retailing was responsible for the double-digit growth of the book industry. Generally situated near large shopping centers, superstores maintain large inventories of anywhere from 30,000 to 80,000 titles. Superstores are putting intense competitive pressure on book clubs, mail-order firms and retail outlets. Recently, online superstores, such as www.amazon.com, have emerged, carrying 1–2.5 million titles and further intensifying the pressure on book clubs and mail-order firms. In response to these pressures, book clubs are starting to look at alternative business models that will make them more responsive to their customers’…
One of the main characteristics of the toy industry was that products generally had very short life cycles, frequently of no more than two years. "Fads" extended to whole categories of items: one class of toys would sell well for a couple of years and then fade away. Products that were part of categories tended to ride with the fate of that category, regardless to some extent of their intrinsic merit. Many new products were introduced every year, which made the fight for shelfs pace aggressive.…
This topic is geared towards the issue of racial discrimination. As a basis for the discussion, this topic will present a case of discrimination against Negro citizens and their right to vote. This case will show the conflicting roles which the different aspects of the government play in order to display an attempt to address this social problem. At the same time, this topic will show how the government can have no control over the forces within the society that have a far greater influence on the perspective of human beings.…
In this essay, I intend to discuss several points regarding the state of the Music Industry and Digital Communications (MIDC). I will begin by explaining how Copyright is affected by technological developments, then I will go on to compare Digital and Physical Marketing and Distribution with a SWOT analysis to show my findings. I will then continue to describe how Corporations, Artists and Consumers have responded to changes in the digital music market, and I will conclude this essay by analysing Digital Music Legislation and its effectiveness for music businesses.…
Service the Long Tail: The Long Tail, as noun, was coined by Chris Anderson, in a 2004 wired magazine article. Technically, the Long Tail is a type of “power curve” describing a statistical distribution characterized by a dense clustering of a population which “tails off”. For example, if you were to graph iTunes song sales on the X axis and song titles on the Y, you would end up with a Long Tail curve. One can use the curve to describe markets in general – with market value on the X axis and markets on the Y. Traditionally, companies like to identify one or two markets on the “head” of the tail. However the he Long Tail collectively represents a market far larger than the cluster of markets on the tail’s head. As Joe Kraus, founder of Excite and present CEO of JotSpot, puts it “Its no longer about [servicing] twelve markets of millions, it’s about (servicing) a million markets of twelve”.…
As stated by Oliver Samwer: “The first wave of this innovation is in the business model – online marketplaces, digital publishing, e-commerce, peer to peer lending etc. These are completely new ways of doing business, created by true visionaries. As these industries mature, like any industry, innovation doesn’t stop, it just moves down the chain into execution, operations and delivery. How do you do it better, faster, deliver better service for the customers, provide more product inventory, more choice, recommendations, delivery and fulfilment? This is where we play, and where we must win.”…
As a part of the MBA curriculum, a class titled Management Information Systems was given at Roosevelt in the fall of 2009. The class dealt a great deal with how information, innovation and technology were fundamentally changing business in America. The course focused primarily on the importance of gathering data and converting it into information (for use by managerial decision makers) and on the myriad uses of internet technologies in modern business, from the supplier intinamcy to the management of the collective knowledge of employees. During the course, the professor presented students with an interesting article titled “The Long Tail” written by Chris Anderson of Wired magazine. The Long Tail, as presented, was a fascinating concept, in the context of discussions of core business functions like the value chain, consumer-driven decision making and the use of technology in marketing. As presented by Anderson, the modern internet, with its ubiquity, super-fast times and access to an unlimited cacophany of products and services, was not just another way to market products; a new-fangled television or another “space” in which a firm must have a presence. To the contrary, per Anderson, the internet was changing marketing, branding and consumer behavior completely, at elemental levels.…
* The innovativeness and newness of the digital era could spark a surge of consumer interest in the music industry. For instance, the CD had a big impact on industry revenue; owners of tapes simply replaced their collections with CD's.…
The Bass diffusion curve works on the principle that the growth rate of the market will follow a diffusion curve similar in shape to the product life cycle. Future sales can be predicted as a function of the sales histories of the products in the product class. The initial cumulative rate of diffusion (growth in cumulative sales) is based on the rate of acceptance of the product by innovators. Following the early purchases by innovators, the growth rate accelerates due to word-of-mouth influence and the increase in the number of products in use. As more members of the total potential market acquire the product (that is, cumulative sales approach market potential), the growth rate slows. The rate of diffusion is accelerated or retarded by the price evolution of the product.…
Having noticed a trend in how people were more conscious about what they buy. They also leveraged on the rise in digital, with consumers having more access to the Internet through mobile. The social networking boom allows a group of individuals to set trends and create a snowball effect where more people join the trend, if it’s good.…