pareto principle
EconomyEducationPeople

The Pareto Principle: Pea Pods’ Important Contribution to Business Theory

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This post originally comes from BrainFeed.co. Back in the pre-Netflix days, video rental shops faced a problem they called the “Gone With The Wind Syndrome”. Although video rental shops made the majority of their revenue from a handful of movies (usually the newest, hottest flicks), every store had to have older movies like Gone With The Wind in stock. As […]

john d rockefeller
EconomyEducationPeople

The Story of John D. Rockefeller: Racks on Racks

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This post originally comes from BrainFeed.co. “JD” Rockefeller (1839-1937) was an American business tycoon, philanthropist, and the richest person in modern history. He earned his wealth by founding Standard Oil, the largest oil refiner in the early 20th century. Although the company was ultimately broken up, its successor entities still dominate the oil industry. An Auspicious Youth Rockefeller […]