What is the network effect?
Network Effects describes the phenomenon how the value of a good or service increases as more people start to use that good or service
‘Feedback loop theory’
A feedback loop is a concept found in systems theory. Feedback loops provide information to an organization about system successes and problems. Success results in a positive feedback loop and problems create a negative feedback loop
What is the Dunbar number?
Dunbar’s number is a suggested cognitive limit to the number of people with whom one can maintain stable social relationships—relationships in which an individual knows who each person is and how each person relates to every other person.