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McKinsey Article - "long tail of industries"
A very interesting article came up on the electronic version of McKinsey Quarterly about the unequal structure of industries, especially those rich in IP and other intangibles, called "Using 'Power Curves' to Assess Industry Dynamics".
What this statistical analysis shows is that the more an industry progresses, the more the wealth generated is concentrated in the hands of fewer and fewer companies, which creates a "Long Tail" type of structure just like the music industry: a couple of "Top Hits" and many smaller companies having a small share of the audience. Will the economy have to change and adapt just like the music industry? Give us your thoughts in the forum.
What this statistical analysis shows is that the more an industry progresses, the more the wealth generated is concentrated in the hands of fewer and fewer companies, which creates a "Long Tail" type of structure just like the music industry: a couple of "Top Hits" and many smaller companies having a small share of the audience. Will the economy have to change and adapt just like the music industry? Give us your thoughts in the forum.
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