Longtail business models
TweetI did read Chris Anderson’s seminal article on Longtail in the Wired magazine a few months back. But when i stumbled upon Jotspot founder Joe Kraus’ blogpost on the same topic, a light bulb went off in my head. I was inspired by his commentary so much, that i was able to apply it to my work life. Goes to show the power of the blogosphere in amplifying an idea. Couple of days back, Sadagopan commented on a meme spreading, comparing Longtail to CK Prahlad’s Bottom of the Pyramid (BOP) idea, which was published in the Harvard Business Review a while back. I think both these ideas are going to capture entrepreneurial zeal for a long time to come. Also check out the blog dedicated to Longtail created by Chris Anderson. You can see a collection of comments on the Longtail idea. Apparently , Chris is using this site to collect ideas for the Longtail book to be published in 2006. What a smart idea. Make sure you evaluate the Longtail idea for applications in your work life.
Suku,
Can you elaborate more about how and what you were able to apply longtail in your work life?
Ganesh
This topic is very interesting to me. How do you think, can the development of long-tail markets create new incentives, opportunities, risk-management strategies, etc. which enable businesses to invest in bottom of the pyramid markets?
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