Preferential Attachment

From Wikipedia, the free, on-line encyclopedia, we learn:

Preferential attachment is a name given by scientists to a class of processes in which some quantity...is distributed among a number of individuals or objects according to how much they already have, so that those who are already wealthy receive more than those who are not...The principal reason for scientific interest in preferential attachment is that it can, under suitable circumstances, generate power law distributions of wealth.

If this concept interests you, read the entire Wikipedia article and follow its links and references. I'm trying to stimulate N-way conversation, so also post a comment to this blog.

Preferential means for entrepreneurs that in a widget market, say Company A has 60% of the market, Company B, 30% of the market, and Company C 10%. This means that of any 10 new customers who go to by a widget, 6 of them are most likely to buy Company A's widget, 3 will buy from Company B and 1 from Company C. If you try to enter the widget market, with a similar widget to those already sold, the odds of you succeeding are slight, unless of course, you offer something different. That can change the whole ball game. There is the new entrant's broadest path to success. Being different.

Entrepreneurship informs all my professional activities. For entrepreneurial real estate, go to www.yourstopforrealestate.com/blog and for entrepreneurial writing to www.kearneymusicschoolmurders.blogspot.com