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810 articles found
Business administration
Porter's Five Forces is a framework for judging how profitable an industry is by looking at five pressures around a company. This article covers why it emerged, what the five force
Economics
The law of diminishing marginal utility describes how the extra satisfaction from getting one more of something keeps shrinking. We look at what marginal utility means, how the ide
Information technology
Dennard scaling is the semiconductor scaling rule that if transistors are made smaller while voltage is lowered by the same ratio, the power used by a given area of a chip stays th
Statistics
Why is it so likely that two people in a small group share a birthday? This article covers the birthday paradox, the two keys to calculating it, why our intuition misses it, and ho
Statistics
The Monte Carlo method estimates an answer by repeating a huge number of random trials and averaging the results. We look at how it was born, how it works in four steps, easy examp
Business administration
Business combinations and mergers are important phenomena that frequently occur in today's business environment. They are strategic choices in which two or more companies are integ
Food & nutrition
Food poisoning is one of the things that requires extra caution during the summer. Food poisoning is an illness caused by eating unsafe food, and its causes and symptoms vary. In t
Statistics
Anscombe’s Quartet is a set of four datasets whose summary statistics are nearly identical but whose graphs look completely different. This piece covers how it came about, the trap
Business administration
First-mover advantage is the edge a company gains by entering a market before anyone else. We look at where that edge comes from, the costs pioneers pay, what historical research r
Education
Andragogy is the art and science of helping adults learn. This article covers how the idea emerged, Malcolm Knowles’s six assumptions about adult learners, examples from everyday l
Education
The theory of multiple intelligences, proposed by Harvard psychologist Howard Gardner in 1983, holds that human intelligence is a bundle of relatively independent abilities rather
Business administration
This time, I would like to put together material on marketing 4C, a marketing concept in business administration. The existing marketing mix, known as 4P, had the traditional 4 sta
