Effective field theories can be used to describe measurements at e⁺e⁻ colliders over a wide kinematic range while allowing reliable error predictions and systematic extensions. We show this in two physical situations. First, we give a factorization formula for the e⁺e⁻ thrust distribution dσ/dτ with thrust T and τ = 1 − T based on soft collinear effective theory. The result is applicable for all τ, i.e. in the peak, tail, and far-tail regions. We present a global analysis of all available thrust distribution data measured at center-of-mass energies Q = 35 to 207 GeV in the tail region, where a two parameter fit to the strong coupling constant α(s)(m(Z)) and the leading power correction parameter Ω₁ suffices. We find α(s)(m(Z)) = 0.1135 ± (0.0002)expt ± (0.0005)hadr ± (0.0009)pert, with x²/dof = 0.91, where the displayed 1-sigma errors are the total experimental error, the hadronization uncertainty, and the perturbative theory uncertainty, respectively. In addition, we consider cumulants of the thrust distribution using predictions of the full spectrum for thrust. From a global fit to the first thrust moment we extract α(s)(m(Z)) and Ω₁. We obtain α(s)(m(Z)) = 0.1140 ± (0.0004)exp ± (0.0013)hadr ± (0.0007)pert which is compatible with the value from our tail region fit. The n-th thrust cumulants for n ≥ 2 are completely insensitive to Ω₁, and therefore a good instrument for extracting information on higher order power corrections, Ω'(n)/Qⁿ, from moment data. We find (˜Ω₂)^1/2 = 0.74 ± (0.11)exp ± (0.09)pert GeV. Second, we study the differential cross section dσ/dx of e⁺e⁻-collisions producing a heavy hadron with energy fraction x of the beam energy in the center-of-mass frame. Using a sequence of effective field theories we give a definition of the heavy quark fragmentation function in the endpoint region x → 1. From the perspective of our effective field theory approach we revisit the heavy quark fragmentation function away from the endpoint and outline how to develop a description of the heavy quark fragmentation function valid for all x. Our analysis is focused on Z-boson decays producing one B-meson. Finally, we will give a short outlook of how we want to apply our approach to determine the leading nonperturbative power corrections of the b-quark fragmentation function from LEP experiments.