big word of the day
Perfect Competition (link)Perfect
competition is a model in economic theory. It describes a hypothetical
market form in which no producer or consumer has the market power to
influence prices in the market. This would lead to an outcome which is
efficient, according to the standard definition in economics (Pareto
efficiency). The analysis of perfectly competitive markets provides the
foundation of the theory of supply and demand.
perspective w/ Ross Mayfield
Ross
Mayfield is the CEO of SocialText, Inc., a company that develops social
software for collaboration in the enterprise. He received a BA in
Political Science from the University of California at Los Angeles
(UCLA) and completed the Management Development for Entrepreneurs (MDE)
program at the Anderson School of Business.
Ross has over 10
years of startup executive management experience. He co-founded and
served as President of RateXchange, a business-2-business commodity
exchange for telecom. He’s served as VP of Marketing for a Fujitsu
spinout and Marketing Director of one of the largest privately held
telecom groups in Eastern Europe. Ross has also started an ISP and a
web design company.