Executive Pay: The Curious Case of Carlos Ghosn’s Arrest
February 12, 2025
Agriculture is a prehistoric occupation. In fact, it is said that human beings only started building civilizations after they discovered agriculture. But agriculture has always been an inherently risky business. Thousands of years have passed between the discovery of agriculture and the modern society that we live in today. However, the modern farmers are exposed […]
America is sitting on a demographic time bomb. Their economy boomed thanks to the “baby boomers” that brought prosperity to the nation. However, they have got old and now is the time for them to retire and be replaced by a younger generation. The problem is that the number of people retiring is far more […]
In any business or organization, all functions are interlinked and connected to each other and are often overlapping. Some key aspects like supply chain management, logistics and inventory form the backbone of the business delivery function. Therefore these functions are extremely important to marketing managers as well as finance controllers. Inventory management is a very […]
Inventory Management deals essentially with balancing the inventory levels. Inventory is categorized into two types based on the demand pattern, which creates the need for inventory. The two types of demand are Independent Demand and Dependant Demand for inventories. Independent Demand An inventory of an item is said to be falling into the category of […]
Both Six Sigma and Total Quality Management are effective tools for quality management but a thin line of difference does exist between them. Although the methodologies and procedures involved in both the two appear quite similar but there are certain major differences. Six-Sigma is a relatively newer concept than Total Quality Management but not exactly […]
The economics of the music industry has been radically changed in the past two decades or so. Ever since the internet became a reality, music could be shared for free. The entire industry faced the onslaught of the latest developments in web technology. Companies like Napster encouraged piracy and allowed users to download and share music for free. People have essentially stopped paying for music since the 1990’s. Many business analysts thought this would be the end of the music industry. However, the industry has defied all odds and still continues to survive today. In this article, we will understand how companies survive selling a product which is free!
It is true that companies can no longer sell music to end consumers for money. However, with changing times, the industry seems to have found out new ways to monetize their product.
YouTube has allowed many youngsters to bypass the record label companies completely. Theoretically, they can place their content on the web and earn revenue from the same. However, as we all know that the web is a sea of information. Hence, gaining popularity from the web without the help of any corporation is a daunting task, to say the least.
The bottom line is that even though nobody pays to buy music in the 21st century, there is still a lot of money to be made in the music industry. The revenue from selling audio cassettes and CD’s may have been lost. However, the industry has found over a dozen new sources of revenue which compensate for the loss.
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