

A department store is a retail establishment which specializes in satisfying a wide range of the consumer's personal and residential durable goods product needs; and at the same time offering the consumer a choice multiple merchandise lines, at variable price points, in all product categories.

What killed the department store? Malls. While malls were always anchored by one or more department stores (which had the name recognition and volume to draw consumers), the inside of the mall was filled with small specialty stores that exchanged breadth for extreme depth of offering. Suddenly consumers could visit a single location (the mall) and select from a variety of stores that specialized in music, or cooking, or clothing, or shoes or what have you. In the 1970s people visited the department store to peruse a limited selection of a broad variety of items. By the 1990s they visited a store in the mall for a huge selection of a particular good, then went next door for the next one. While the department store model is still thriving in certain instances, its sole remaining advantage is to use its volume buying power to drive down prices (see: Walmart).
The parallels to the media industry are likely clear. Your local newspaper has catered to a broad range of needs and interests in the community, offering a single and authoritative, albeit limited, source for news and entertainment. When production and logistics dictates that this is your only choice, a natural monopoly is created.
However, the rise of the Web has upended this model. Now it is possible to instantly get any story you want, but also find it from a source that takes interest in a particular subject to the level of obsession (we call these “bloggers”). And if this was the first body blow (driving down circulation), the other was clearly the rise of sites such as eBay and Craig’s List, which have decimated the newspaper industry’s safety net: the classified ad.
So what does the future hold for the industry? That is the $64,000 question. Journalism, as a profession that is distinct from the newspaper, which is merely a delivery vehicle (i.e., “store” to continue our analogy), will survive. As will certain premier brands (WSJ, NY Times, etc.) that offer a distinct value proposition to the reader/consumer. However, it is likely that most newspapers will go the way of Sears: years of struggle to survive, until they are eventually forced to either reinvent themselves or find a place on the Web as a mere shadow of their former selves.
-posted by Paul



I would ask yourself the question "Why?," and make sure you're comfortable with the answer before you take that step. Many entrepreneurs make the mistake of satisfying their egos and try to "go national" without considering the benefits of focusing on doing everything they can do locally before making that risky leap. For most businesses, they have local advantages that won't translate on a national scale: understanding the social and business culture, personal and professional relationships, synergies with other local businesses, being a "local story" to the press... the list goes on and on and most, if not all of those, won't be working for you when you try to reach beyond your region. Prove you can dominate locally, build that foundation fully and be prepared to fall back on it entirely before you take the expensive step of branching out. When the time comes, soften your target by test marketing in another city in an entirely different region and you'll quickly learn a lot of lessons that will help you plan a much more efficient and successful national effort. Among the obvious exceptions would be ASPs or those companies where a local physical presence is unnecessary and/or service/product fulfillment and distribution has the same cost and process at a national or international scale.
Our company is about as virtual as you can get while being more than just an idea. Since we have scaled our software development and technical functions using a work -from-home model, location hasn't mattered. We each require a reliable Internet connection. but outside of that, location is irrelevant. What has been important with regard to location is making a point of getting together in person at least 3-4 times each year, with occasional one-on-one visits to complement. The quality of communication that occurs in our planning and strategy discussions when we're together in one room results in a level of productivity that, in our experience, is impossible to replicate strictly through online methods. We get 90% of our work done by working virtually, but 90% of our corporate and product development discussions and strategy decisions are accomplished in person. I have had my team visit me in Montana many times, and we always find time to either hit the slopes, get out on the lake or do some off-roading. In that respect, this has been an especially great place to run the business as my team members are always eager to visit.
We plan to go to 2 Billion, then 5, then 10.... The Ookla Speed Test has become the global standard with nearly 600,000 daily users enjoying free and accurate broadband throughput testing in less than 20 seconds to any of the over 350 servers worldwide. In this respect, we don't have a reason to change! The success of this property has led to many organizations licensing our technology in order to have a branded Speed Test on their own server(s).
Much like the Line Quality Test we offer at www.ookla.com, we plan to launch an additional testing application site that does more than basic throughput testing. Before the end of the year this site (also free) will allow anyone in the world to test their broadband connection for latency, jitter and other line attributes important to applications such as VoIP and telecommuting.
I believe the reason Speedtest.net is popular is due to the attractive but highly utilitarian and efficient nature of its interface, combined with the fact that it is free, fast and accurate. One of the business rules we have at Ookla is to exceed the expectations of our users and customers at every interaction. While I think we have done that with our licensed products and at Speedtest.net, we look forward to doing much more in the future. Thank you for your interest and please stay tuned!
Although men and women follow a similar number of Twitter users, men have 15% more followers than women. Men also have more reciprocated relationships, in which two users follow each other....Even more interesting is who follows whom. We found that an average man is almost twice more likely to follow another man than a woman. Similarly, an average woman is 25% more likely to follow a man than a woman. Finally, an average man is 40% more likely to be followed by another man than by a woman.