Tuesday 17 December 2013

1) What is Pareto's Law? Sum it up in a paragraph.

Pareto's law is known as the 80-20 rule. This was started for example 80% effects comes from the 20% of cause. Business-management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto, who observed in 1906 that 80% of the land in Italy was owned by 20% of the population; Pareto developed the principle by observing that 20% of the pea pods in his garden contained 80% of the peas.

2) What other industries or examples can you apply the 80/20 rule to?

The 80-20 rule can be used in many industries, for example it is used in business
- 80% of a company's profits come from 20% of its customers
- 80% of a company's complaints come from 20% of its customers
- 80% of a company's profits come from 20% of the time its staff spend
- 80% of a company's sales come from 20% of its products
- 80% of a company's sales are made by 20% of its sales staff

3) List three arguments in FAVOUR of Pareto's Law applying to the internet:
- twitter owns vines 

- Google owns blogger 
- Google owns youtube 
4) List three arguments AGAINST Pareto's Law applying to the internet:

- twitter don't own the tweets 
- blogger doesn't own the blogs 
- tumbler don't own the blog posts 
Finally, answer the following question:

5) Even if Pareto's Law applies to internet ownership, does it still apply to the content we read online?







Tuesday 10 December 2013

Article

http://www.telegraph.co.uk/sport/olympics/diving/10487809/Tom-Daley-reveals-he-is-in-a-relationship-with-a-man-in-frank-YouTube-video-from-Olympic-diver.html

For this task I have chosen the Tom Daley article. The reason for this is he is a role mode or society, he's in the public eye. That is why I think I was attracted to this article as he talks about his sexuality. This is a extremely hard thing to do and is an inspiration to young people that look up to him and see his a role model. Within Thai article tom talks about how he's bisexual,  meaning that he find both men and women attractive. Tom said this by making a video, within this video he state how he is now in a relationship with a man.