RE-CAP Questions

What is the network effect?

Network effect describes the phenomenon how the value of a good or service increases as more people start to use that good or services. The internet is an example of the network effect.

What is the feedback loop theory?

Feed back loops provide information to an organisation about system successes and problems. Success results in a positive feed back loop

What is the Dunbar number?

Dunbar’s Number is a suggestive limit to a number of people with whom one can maintain stable social relationships.

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