Tag: important many

The Long Tail

The Long Tail refers to the statistical phenomenon that represents the ‘trivial many’ of the Pareto Principle or ’80:20 Rule’ (see the “95:5 Rule“). Businesses operating in the physical world need to concentrate resources on the ‘important few’, ie the top 20% or even the top 5% that provide the bulk of sales or profits …

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‘Lateral-Thinking’ Leadership

The most effective leaders learn from other industries and sectors. “Most [executives] think they are in touch with the outside world if they play golf with the vice-president of another company in the same industry.” – Professor Peter Drucker. Management Guru. (Financial Times. London. 16 November 2004.) Research commissioned by the UK Government’s Department of …

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