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The Economics of the |
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| Most people have heard of the 80-20 Rule. It was formulated in 1906 by an Italian economist named Vilfredo Pareto. In its original form, it states that 20 percent of the people will hold 80 percent of the wealth in any free economy. Further research has shown that it applies to many other aspects of the economy. |
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The Great Global Con |
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| Most companies rely on about 14 percent of the world뭩 population ?the consumers with per capita spending power of $10,000 per year or greater ?to drive their revenues. Unfortunately, for the foreseeable future, growth in the population of affluent developed economies like the U.S., Japan, and the EU will be stagnant or declining. Fortunately, another 1.5 billion consumers will 밻merge?over the next five years, representing the largest consumption boom in human history. |
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The Entrepreneurial |
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| Several forces are converging to make this an unprecedented time to start a business. And that trend is already bearing fruit. Consider the fact that the number of the nation’s smallest businesses, those which only employ their owners, increased by 2.2 million from 1997 to 2002, according to the Census Bureau. |
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I Spy |
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| Today, the basis of competitive advantage has changed. The dominant company in any industry is not necessarily the one with the greatest capital, the most efficient factories, or the best access to raw materials. Instead, winning companies are those with the richest knowledge ?knowledge about their customers, potential customers, suppliers, technologies, and competitors. |
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Change Fatigue: Flip |
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| | Jenny Magic |
| ǻ | Dark Lightning Press |
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