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The Pareto 80/20 rule can be used to drive significant cost restructuring, but it can also generate powerful leverage, enabling companies to deliver far more value to the market with far fewer resources. In a time of increasing economic pressure, more companies are likely to discover the power of Pareto. Cost restructuring My previous blog posting focused on the application of the Pareto 80/20 ru
I’ve played on the edge throughout most of my professional career, whether it was doing deals in the Sultanate of Oman back in the 1970s, building a start-up around a new technology called the microprocessor in 1980, building a new Internet-focused practice for McKinsey in 1993 or spending more time in places like Bangalore, Shenzhen and Shanghai in the early part of this decade (my first visit to
Danah Boyd, one of the most insightful analysts of social network sites, got some great coverage by the Financial Times in an extended article entitled “The high priestess of internet friendship” by Graham Bowley on October 28-29, 2006. The article provides an interesting overview of social network sites and the various roles they tend to serve, especially for kids. As I read through the article
Almost two years after his initial article on “The Long Tail” first appeared in Wired, Chris Anderson’s long-awaited book The Long Tail was officially released last week. As a tribute to the power of the meme which he has diligently discussed and refined in his blog, Chris’s book has shot up to #1 at Amazon. The book about the long tail has made it up into the short head, big time. Even for those
At the end of last year, I posted on the relevance of Web 2.0 technologies for the enterprise. Over the past couple of months, this theme has received a lot more attention, prompted in large part by the writings of Dion Hinchcliffe and by the discussions at two industry gatherings – SPARK/MIX 06 and Software 2006. (For those who have not been following my blog, I attempted my own definition of Web
Attention is getting a lot of attention. Most recently, Robert Scoble from Microsoft blogged about an epiphany he had earlier this week during a visit to Silicon Valley. He is beginning to see the importance of attention and how it will shape value creation on the Internet. Attention is hugely important. It is the asset that will determine who creates value and who destroys value in the years ah
The blogosphere has been grappling overtime with the Web 2.0 meme over the past week. Perhaps the most significant event was the release of Tim O’Reilly’s long awaited What is Web 2.0 article. I have no doubt that this paper will become a seminal work much like the Open Source Paradigm Shift paper he produced last year. In a separate posting, Tim even overcomes his hesitation about trying to defin
Listening to the wide-ranging conversations regarding the Web 2.0 meme, I keep coming back to the old Buffalo Springfield lyric in “For What It’s Worth”: “There’s something happening here, what it is ain’t exactly clear.” The skeptics like Tim Bray point out that this concept has come to mean anything that the speaker wants it to mean. The champions, most notably Tim O’Reilly, volley back that the
Edge Perspectives with John Hagel Exploration of emerging innovations on a broad array of edges that are rising up to challenge the core Several days ago, I posted on Restoring the Power of Brands on johnhagel.com. In brief summary, I made the case there that the power of brands is not eroding. Instead, brands are going through a period of disruptive change as we shift from product-centric brands
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