Archive News - Global news
home contact

Entrepreneur
Entrepreneur

News Article Archive
Articles Archive
Archive News

Top Articles


Business Name - How to Choose One

It's very important to get your business name right. You...
Read More

Bring That Difference To Your Business!

Romans had a phrase for this- First among Equals.Online marketing...
Read More

The History of the Franchise Business - Learning about Business Opportunities by Looking at the Past

Hair care has been around as long as humans have...
Read More

Interview with Best-selling Entrepreneurial Authors Barbara Winters and Nick Williams

Ray Bradbury's quote, "You've got to jump off cliffs all...
Read More

Youve Found Your Guru, Now What?

In my last article, "Follow That Guru", I told you...
Read More

The Perfect Little Coffee Shop: Are You Afraid of Failure? Are You Letting that Failure Cripple You

Ah, coffee, the drink of choice when I want to...
Read More

Double Your Income Automatically

It is a common known fact that it is far...
Read More

Self-Esteem and the Entrepreneur

Isn't it funny how people think that being self-employed is...
Read More

Ten Traits of Successful Entrepreneurs

Successful entrepreneurs have many traits in common. Here are ten...
Read More

Find Me the Expert on This!

Many people who set up as consultants never make more...
Read More

Preparing to Outsource

It's important to understand when to add individuals to your...
Read More

Book Yourself Solid: The Simple Selling Process

As a service provider you may not want to think...
Read More

Outcomes - Thats What You Need to Focus On

Successful business owners and managers need to be very clear...
Read More

Oil Change Guys History; Part II

Franchise companies are not born they are made and when...
Read More

New Rules

Last week I was working with one of my small...
Read More

What Part of Handwriting on the Wall Dont You Understand - They Dont Hire People Over 50

In a recent talk to the Detroit Economic Club, President...
Read More

Which Niche To Conquer?

I'm sure that you've heard about how many start up...
Read More

Franchisor Sample Grand Opening Launch for New Franchised Outlets

It is paramount that all franchising companies work hard in...
Read More

... in Pursuing the American Dream

This morning I woke up at 4:30 in the morning,...
Read More

For Business SUCCESS... Listen To The Voices of Experience

Discover the pitfalls of owning your own business BEFORE... [you...
Read More

Increasing Business BIGTIME with a Successful Referral System

What I've discovered from most of my small business clients...
Read More

CHINESE TAKE-OUT: Oriental Business Principles Demystified For Online Enterprises

"The expectations of life depend upon diligence; the mechanic that...
Read More

Think - Dont React

How you think, your relationship with yourself is what decides...
Read More

Franchises - A Proven Business System

Franchises offer the first time business owner a proven and...
Read More

About Ending Competition

1. Why should I not compete with others?The very concept...
Read More

Articles

Home > Entrepreneur  > Six Degrees of Separation 

Could auto industry layoffs spur more entrepreneurialism in Mich.? - MLive.com

Could auto industry layoffs spur more entrepreneurialism in Mich.?
MLive.com, MI - Nov 13, 2008
So in the wake of all this economic destruction, will entrepreneurialism and creativity flourish? Some business leaders think so. ...
'There's no such thing as job security' MLive.com
all 2 news articles

Six Degrees of Separation

Through just five or six intermediaries, you could be linked to millions of others. It is the notion behind what has been dubbed the small world effect.

It has happed to most of us, and it's virtually guaranteed to happen at again ? especially if you attend a social gathering. Whenever you have people eager to talk with one another, the chances are that some will find that they have friends and acquaintances in common. It is, as they say, a small world.

It may be a common enough experience, but the so-called small world effect is turning out to have some pretty big consequences. In the last 18 months it has become one of the hottest subjects in science. Now some believe it could revolutionize the way we think about everything from economic crashes to globalization.

The story of how an apparently trivial social phenomenon turned out to have far from trivial implications has its origins in a bizarre experiment carried out over 30 years ago by psychologist Stanley Milgram.

Milgram was trying to uncover the connections that lurk in our networks of friends and acquaintances, and hit upon a novel way of revealing them. He recruited people in various US states and sent each of them a package, together with some instructions.

These revealed that the packages were actually intended to two people picked by Milgram, who gave their names and some vague clues about where they lived, their occupation and age. What he did not give, however, was a precise postal address. The participants were then told to send the packages to whichever of their acquaintances they judged most likely to know the targets personally and be able to make the final delivery.

Keeping track of the postings, Milgram made the stunning discovery that the packages typically reached the two target people after passing through the hands of just five other people. Later experiments produced similar results, making the conclusion inevitable. It seems that, on average, everyone in America from arms dealer to zoo keeper can be connected to everyone else via a chain of just five or six intermediaries.

It is a result that becomes more bizarre the more you think about it. Sociologists estimate that we each typically have around 300 or so acquaintances ? people we're on first-name terms with. That suggests we're just one hand-shake (or email) away from 300 people, two away from 90,000, three away from 27 million and so on.

Viewed this way, the real surprise about Milgram's research is that it takes as many as five or six handshakes to connect every American to every other. An average of just four should suffice to connect up to 250 millions inhabitants of the US.

But there is a big assumption in this quick calculation: that our 300 friends are randomly spread throughout the population so that every American is likely to know, say, Alan Greenspan as Al at the corner store. But the fact is that our friends tend to fall into cliques: people who have similar levels of education, interests and opinions.

This, however, just makes Milgram's findings even more baffling: for if all our friends were confined to such rigid cliques, we would hardly ever discover we have friends in common. Each American, for example, would then be separated by an average of almost one million handshakes?250 million divided by 300 from each other. By that reckoning, Milgram should have died long before any of his packages reached their targets.

There is clearly something odd going on here. Our networks of friends are not randomly spread across society. Yet they still allow us to be linked to each other via few intermediaries, so that we often end up discovering "It's a small world". How do they do it?

It was this that intrigued Duncan Watts, in 1996 still a graduate at Cornell University. Watts had been working on a nice, solid doctorate about the chirps of lovelorn crickets. But he had run into a problem: how do the crickets fall into step so quickly? Was each listening to all his fellow crickets, or just to his closest neighbors?

Then Watts remembered a funny bit of folklore that his father had told him: that every American is just a few handshakes away from knowing the president of the United States. Watts wondered if there was a connection between this apparent bit of folklore and the problem he was trying to solve and perhaps many others too.

Watts expected his idea would be ridiculed by his advisor, Steve Strogatz at Cornell's department of theoretical and applied mechanics. Instead, Stogatz also fell under the spell of the big mystery of the small world effect, and the two joined forces to try and solve it.

They began by using a computer to create lots of networks of virtual "friends", and measuring how many "handshakes" were needed to connect one friend to another in a totally different part of the network.

At one extreme were the utterly regular networks, where every friend only knows those right next to them. Devoid of any long range connections capable of linking, say, Bill Clinton to some store-keep in Hawaii, these networks typically demanded lots of handshakes before one person could be connected to another. Right at the other extreme were totally random networks, where people were just as likely to have personal friends in the White House as in Hawaiian stores.

Watts and Strogatz were intrigued by what happened between these two extremes, when the network was neither entirely regular nor utterly random. They expected the number of handshakes needed to link people to drop as the random links grew.

But what they discovered was startling: just a tiny number of random links was enough to "short-circuit" an otherwise huge, regular network, allowing apparently unrelated friends to be linked in just a few handshakes.

The computer revealed how easy it is to turn even a vast network into a small world: if only one in 100 people have a random link to anyone else in the network, the average number of handshakes drops ten-fold.

THEY ARE EVERYWHERE

But computer simulations are one thing; can small worlds be created so easily in the real one? Watts and Strogatz set about searching for a huge real-life network that they could probe for signs of the small world effect. They found the perfect, if unlikely, example in the Internet Movie Database, a computer searchable catalogue with the names of over 200,000 actors and the films they have appeared in.

Analyzing the database, Watts and Strogatz found that the typical actor has worked with around 60 others. If the showbiz network were completely regular, with no random short-circuits, that figure would imply that you'd typically have to go through 1,800 other actors and their films to link one actor to another. Yet the computer showed that it is possible to link any actor to any other via just three intermediaries. The vast movie business is really a small world.

In fact, this had been known for years by movie buffs who play the so-called Kevin Bacon Game. The aim of the game is to link the eponymous American actor to any other via the fewest number of intermediaries.

Players were often struck by how often they could answer with the names of very few actors. For example, Bacon can be linked to Charlie Chaplin in just three steps: Bacon played in a film with Laurence Fishburn, who in turn was in a film with Marlon Brando, who himself once appeared with Chaplin.

Watts and Strogatz had confirmed what many players suspected was the explanation: the "short-circuiting" effect of a handful of actors whose careers span different eras, genres and cultures. For example, by starring in both Lethal Weapon and Hamlet, Mel Gibson short-circuits the all-action and classical genres, while martial arts actor Bruce Lee links the Chinese film industry to Hollywood.

The world of showbiz is now recognized as a classical small world. That is, it is made up of lots of little cliques of actors, most of whom stay in their own patch of the industry, mixed in with a few highly versatile ones with random links right across the acting network who thus link every actor to every other via very few steps.

When Watts and Strogatz published their findings in the leading science journal Nature, it triggered an explosion of media coverage. But it also sparked interest among academics in a diverse range of fields, all wondering whether small world effects are at work in their own patches.

The corporate world does show signs of being under the influence of small world effects, according to Bruce Kogut of the Wharton School of Business at the University of Pennsylvania, and Gordon Walker at the Cox School of Business at the Southern Methodist University in Texas.

Kogut and Walker applied Watts and Strogatz's methods to the ownership networks spanning over 500 of Germany's biggest corporations. Predictably, they found lots of cliques in the ownership of firms, the result of various tie-ups and mergers. But they also found that the short-circuiting effect of a few corporations typically allowed the ownership of any one firm to be linked to any other via just four intermediaries. In other words, for all their diversity, Germany's biggest firms actually form a cosy small world.

This explains why firms with apparently tenuous links to one another can still show similar corporate behavior. But it may also have implications for the way these companies deal with globalization.

Small world theory shows it only takes a few random links to short-circuit a vast network. So it's likely that the whole corporate world has already become a small world.

The study of small worlds is still in its infancy, yet it is already clear that their presence holds both benefits and threats. Economists and business studies experts are likely to reveal many more examples of small worlds and their implications in the years ahead.

Selling on eBay and the Internet is still a relatively a new phenomenon with unprecedented opportunity. Adam Ginsberg, recently featured on NBC's Today Show is an author and educator and has built a small fortune selling on eBay. As an early Internet pioneer, Adam discovered a system for generating wealth - through the power of the eBay marketplace.

Adam personally sold over $20,000,000 on eBay and the Internet in the last three years. Currently he travels the world sharing his knowledge, expertise and experience with others. Adam's book, "How to Buy, Sell & Profit on eBay", went to #1 on Amazon within 3 days of being released. Learn how Adam has solved the mystery of success on eBay and how you can apply his system to capitalize on this hot new money making opportunity. Adam has also created several best selling e-books and software to enable you to enhance your ability to succeed. You can learn more at http://www.adamginsberg.com

Showing 1 - 0 of Articles
« Previous
Next »
Super Bowl-Winning Coach To Deliver NC State Commencement Address (NBC 17 Raleigh)
William (Bill) L. Cowher, Super Bowl-winning coach and North Carolina State University alumnus, will deliver NC State’s commencement address on Wednesday, Dec. 17, at the RBC Center in Raleigh. City of Portland trying new solar-powered public toilet (KGW NewsChannel 8 Portland)
PORTLAND, Ore. -- The City of Portland's new public bathroom program has an expensive prototype. The $140,000 “Loo” makes its debut early next month. Joie de Vivre Promotes Ingrid Summerfield to President, Reporting to Founder Chip Conley (Hospitality Net)
Joie de Vivre, California’s largest boutique hotel collection, has promoted Ingrid Summerfield to president. Summerfield reports directly to Joie de Vivre Founder and Chief Executive Officer Chip Conley. As president, Summerfield will be responsible for the day-to-day running of the company, which manages hotels, restaurants, spas and luxury residences in California. She will oversee the ... Exclusive: Cantor’s Campaign Letter for Leadership (Media General News Service Washington Bureau)
Cantor makes pitch for GOP role in reforming Washington. more Range of Bay area firms take note of Entrepreneurship Week (Business Journal of Tampa Bay)
Rebuilding the economy with innovation and education was the theme of an open house hosted by IBM, Ernst & Young LLP, Evolution Advisors LLC and Elevation Brand Monday afternoon at the Tampa IBM office. Economic Summit Thursday & Friday (FOX 7 WTVW Evansville)
Evansville, IN (November 18, 2008) – Business and government leaders from Indiana, Illinois and Kentucky will convene in Evansville Nov. 20-21, 2008, to study the new economic model of growth. Entrepreneurialism Requires Risky Decision-Making (Medical News Today)
Whether someone will become the next Richard Branson, Steve Jobs or Henry Ford may be down to whether they make risky decisions, scientists at the University of Cambridge have concluded. The article, published in the journal Nature, asserts that entrepreneurs are riskier decision-makers than their managerial counterparts. Joie de Vivre Hospitality Promotes Ingrid Summerfield to President (PR Newswire via Yahoo! Finance)
Joie de Vivre, California's largest boutique hotel collection, has promoted Ingrid Summerfield to president. Summerfield reports directly to Joie de Vivre Founder and Chief Executive Officer Chip Conley. Atascadero's Rotunda building still awaits repairs, five years after quake (The San Luis Obispo Tribune)
By AnnMarie Cornejo -- Nearly five years after the San Simeon Earthquake damaged Atascadero’s historic Rotunda building, it remains vacant, with at least $26 million in repairs needed before it can regain its stature as the city’s anchor. City officials estimate it will be at least one more year before construction begins as they continue to negotiate for money from the Federal Emergency ... Commentary: Palin saboteurs want to stop growth of her career quickly (The Lafayette Daily Advertiser)
Attacks on Gov. Sarah Palin by the McCain campaign staff at first appear to be a case of making her a convenient scapegoat, but the attacks have a more devious motive. This post-election barrage is the first volley of the campaign to choose the Republican nominee in 2012. The Washington, D.C.-based establishment that rules the GOP wants her career over now. She threatens them.
Global news archive