000			01813cam a2200277 4500500
005			20250121092935.0
041			_afre
042			_adc
100	1	0	_aAndriani, Pierpaolo _eauthor
700	1	0	_a Mckelvey, Bill _eauthor
245	0	0	_aManaging in a Pareto world calls for new thinking
260			_c2011.
500			_a22
520			_aAbstractResearch findings showing the ubiquity of Pareto and ‘power-law’ distributions in the social and organisational worlds underlie increasing calls for complexity-driven ideas to be applied more frequently to organisational and management research. Power laws indicate well-formed Pareto distributions. Given that the world of business is, then, quite likely Paretian rather than Gaussian, phenomena in the long tails are often more important than worrying about the average. Consequently, how to modify strategic attention and what to tell managers? Basic ideas highlighting key differences between Gaussian and Paretian approaches are first reviewed. Then, five specific cases highlighting the managerial tails of Pareto distributions are discussed. These illustrate how overall managerial effectiveness is improved by managing the Pareto tails rather than relying on conventional wisdom to manage ‘average’ behaviour. Insights and effective strategies better tuned to Pareto-distributed managerial practice follow.
690			_ascale-free dynamics
690			_apower laws
690			_aUnion Pacific railroad
690			_acomplexity
690			_aPareto
690			_along tails
690			_aillycaffé
690			_aHollywood economics
690			_aExtremes
786	0		_nM@n@gement | 14 | 2 | 2011-10-05 | p. 89-118 | 1286-4692
856	4	1	_uhttps://shs.cairn.info/journal-management-2011-2-page-89?lang=en&redirect-ssocas=7080
999			_c515046 _d515046