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74 Seven Steps to Build Your Own Customer Community patterns in the key words generated If you have well-de ned parameters, in three to ve weeks of reading blogs, forums, postings, and community sites, you should have your nger on the pulse of what is going on For example, assume your business goal is a new product introduction How do you connect your observation to this goal Think about your best prospects for this new product: What are the characteristics of those prospects What are the types of things they will want to know What will interest them in your product Now look around the Web to locate where those types of people tend to hang out.

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What blogs do they read (or would they read if they existed) What communities do they belong to, if any The answer could be none, but if your product is new software, for example, you are going to nd all kinds of communities While you are reading through all the blogs, news sites, and communities, in the back of your mind you should ask yourself: How can we in uence the folks on the Web who in uence our prospects and customers What you nd in this observation step may surprise you Take consumer travel, for example Say you market vacation packages.

Diffraction gratings are often analyzed and synthesized by using Fresnel and Fraunhofer approximations. Some major application areas for diffraction gratings are spectroscopy, spectroscopic imaging, optical communications, and networking. A diffraction grating is an optical device that periodically modulates the amplitude or the phase of an incident wave. Both the amplitude and the phase may also be modulated. An array of alternating opaque and transparent regions is called a transmission amplitude grating. Such a grating is shown in Figures 5.7 and 5.8.

Based on your business s situation, your parameters might include a target audience of people 55 and older who have traveled outside the continental United States at least once in the past two years; English language sites; and three or four key potential destinations Hong Kong, Shanghai, Kyoto, and Seoul You might nd (to your surprise and delight) that the thing people talk about most is currency conversion how to do it, how to think about it Currency conversion turns out to be a very hot topic Conversations pop up about whether to bring traveler s checks, an ATM card, a credit card, a debit card, or convert money before leaving home People want to know how much hard currency they should carry and what is the best place to nd information on the exchange rates Now you ve got an interesting insight.

You started off wanting to know how best to reach consumers who are interested in traveling to the four destinations that you have chosen Currency conversion turns out to be a major topic of interest If your particular customers are talking about it, your company should become the source of information.

9:4-9

Average 35 31 27 26 =4 29:75

a fundamental approach The former is less susceptible to behavioural biases, and these biases are increasingly recognized as important to results Quant processes are, of course, susceptible to biases because quant models are programmed by humans If a modeler examines propositions that have worked well in the past and sets them up in the future, it might turn out that they worked out in the past purely by chance But quant processes are more systematic, stated one defender of the faith A quant approach takes out the weaknesses of humans It is objective and has a standard, repeatable way of looking at things One stock is looked at in the same way as another The quant process strips out the subjectivity.

The manager does not fall in love with a stock or a CFO, added another fan (note, though, that such pitch may be less than spectacularly appealing to those yearning to devote their money to more glamorous, story stocks punts) Just like with the case of plain-vanilla quants, quant fund managers have long ceased to be seen as weird additions to the nancial animal kingdom and have, too, managed to transform themselves into protagonists, in this case in a particularly acute way Some of those of a more traditional bent may still choose to deride quant traders as nerdy types with zero insights or knowledge about (let alone interest in) the economic and business worlds.

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(7.18)