The Long Tail: Why the Future of Business is Selling Less of More
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| Audience/Grade: | College Freshman-Continuing Education |
| Discipline(s): |
Engineering Management Entrepreneurship and Innovation Industrial Engineering |
| Special Topic(s): | |
| Learning Resource Type: |
Reference - Article/Document |
| Media Type: |
Audio |
| Author(s): |
Chris Anderson |
| Description: | Book description: "What happens when the bottlenecks that stand between supply and demand in our culture go away and everything becomes available to everyone? "The Long Tail" is a powerful new force in our economy: the rise of the niche. As the cost of reaching consumers drops dramatically, our markets are shifting from a one-size-fits-all model of mass appeal to one of unlimited variety for unique tastes. From supermarket shelves to advertising agencies, the ability to offer vast choice is changing everything, and causing us to rethink where our markets lie and how to get to them. Unlimited selection is revealing truths about what consumers want and how they want to get it, from DVDs at Netflix to songs on iTunes to advertising on Google. However, this is not just a virtue of online marketplaces; it is an example of an entirely new economic model for business, one that is just beginning to show its power. After a century of obsessing over the few products at the head of the demand curve, the new economics of distribution allow us to turn our focus to the many more products in the tail, which collectively can create a new market as big as the one we already know. The Long Tail is really about the economics of abundance. New efficiencies in distribution, manufacturing, and marketing are essentially resetting the definition of what’s commercially viable across the board. If the 20th century was about hits, the 21st will be equally about niches." |
| Rating: |
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| Related Resources | |
| Keywords: | Long tail technology markets |
| Referenced By: |
The Long Tail Blog Chris Anderson (Wired): Technology's Long Tail |
| Usage Tip | |
| Related ABET Criteria: |
(b) Design and conduct experiments, analyze and interpret data (h) Understand global, economic, environmental, and societal context (j) Integrate knowledge of contemporary issues |
| Use of Resource: |
Interesting reference for Engineering Management or Product Design class. "Chris Anderson is editor in chief of Wired magazine, a position he has held since 2001. He has worked at The Economist, where he served as U.S. business editor. His career began at the two premier science journals, Science and Nature, where he served in several editorial capacities. He holds a Bachelor of Science degree in Physics from George Washington University and studied Quantum Mechanics and Science Journalism at the University of California at Berkeley. He lives in Berkeley, California." |
| Difficulty: |
Medium |
| Interactivity Level: |
Very low |
| Version Info | |
| Publication Date: | February 2009 |
| Platform/Format: |
WWW |
| Cost: |
Free |
| Download URL: | http://www.amazon.com/Long-Tail-Future-Business-Selling/dp/140130 |
| Metadata: |
IEEE LOM Record |
| Collection: |
NEEDS
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