The Long Tail: Why the Future of Business is Selling Less of More
The general theme and argument of the book is that as market conditions change and technology allows us to move from the traditional centralized production model customers will have more choice. The increase in choice will create demand for niche products and services. Chris Anderson asserts that moving forward this segment of the market is where entrepreneurs want to find themselves.
I think the book connects with what we are learning in that it stresses that broadly, success in business moving forward will rely heavily on innovation and customer connection.
I would design an exercise that requires students to identify an extensive list of niche products and services that have been successful and evaluate the space they occupy. I would ask the class to explain what has changed that enables the product or service to be successful today and what would have prevented the product or service from being successful in the past.
For me, learning about this concept reinforced what I'm doing in the doberman space. My mentor has bred for 30 years and focuses on his "pitch" and volume. I have always disagreed with his philosophy but couldn't really put my finger on why. From the beginning, my intuition was that I would rather sell fewer but at a higher quality that commanded higher prices. I think this book explains exactly why my philosophy is more appropriate for the times.
Hey Cory,
ReplyDeleteThe "The Long Tail: Why the Future of Business is Selling Less of More" seems like a very interesting read. Its connection to this class seems important and strong. I agree that finding high demand in a niche market or service is where an entrepreneurs want to find themselves as it seems to be where there is the most opportunity to be successful. The exercise that you provided seems very helpful. Keep up the great work!
Hi Cory,
ReplyDeleteI thought about giving the book you chose a read, but ultimately decided on Cognitive Surplus, so I’m glad I was able to get an impression of your book from your post. It seems like a very interesting read, and I totally agree with the exercise you chose, it seems like it would be very constructive for the class, and would absolutely help foster an entrepreneurial mindset.
Excellent work!
Nolan