Word: powerful
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Dates: during 1990-1999
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...markets in lieu of banking premature profits. Bezos' strategic analysis goes like this: customer acquisition is only going to get harder tomorrow, so you have to grab every customer you can today. For those 13 million customers translate into dominant market share. And dominant market share means the power, for instance, to strong-arm suppliers for better deals, which could lead to profitability. BMVP2000...
...Internet to sell stuff to people,'" he says. "Clearly, if you're coming from a democratic, libertarian point of view, having corporations just cram more products down people's throats doesn't seem like a lot of fun. I really wanted to give the individual the power to be a producer as well." eBay has hewed closely to this vision. It emphasizes community, and it doesn't run advertisements...
Economists get dizzy thinking about this. It is all so scalable. Add a few servers, a dozen more Web pages, a couple more customer-service reps, run your traffic up another digit, expand into new product lines and sell a hundred thousand more books or CDs or power tools. This kind of growth--Internet gurus like David Wetherell, enthralled by the mathematics of community, call it viral growth--defies conventional valuation and makes the usual measure of retailing--same-store sales, sales per square foot--seem like roman numerals or the abacus, relics of another...
...finally began to overwhelm me. It might have been when I found out that because of the law in Washington, the wine would take at least ten days for delivery. But wait...fast delivery was possible to West Virginia. The political columnist in me wanted to know why: the power of Senator Robert Byrd? Some anomaly in the jurisdiction of the Bureau of Alcohol, Tobacco and Firearms? But the Martha Stewart in me just wanted the wine. A round trip to West Virginia would take more time than I had left, yet I needed a case of Merlot to ensure...
Indeed, while scientists have harnessed the power of the atom, cracked the genetic code and probed the very edges of the universe, they still don't understand time much better than St. Augustine did. Yet now, as the last few days of the second millennium tick rapidly away (though diehard purists still insist it doesn't really end for another year), we seem more fascinated with the subject than ever. At the Royal Observatory at Greenwich, England, crowds are flocking to a new exhibition, "The Story of Time," which examines time from cultural, religious, artistic and scientific viewpoints. On this...