To be an executive at a company like Agera Energy is to commit to growth and learning. When one can commit to learning, such as the executives of Agera Energy, they can see that there are important concepts to understand such as network effects.
On average, the moon is 238,855 miles from Earth. If there were a circuit connecting the two, it would take electricity less than two seconds to travel between them. Did you know? #FactoidFriday #AgeraEnergy pic.twitter.com/sSHtSOScWB
— Agera Energy (@AgeraEnergy) April 5, 2019
So, what are network effects and why would executives at Agera Energy pay attention to this factor within their business?
Well, leadership people within Agera Energy would realize that network effects happen when a business see a sharp increase in value with the addition of users to particular network. Furthermore, the more valuable the user base, the more other users may be interested to coming to the business and participating within it in some form or fashion.
The executives has seen that network effects matter within certain businesses but not all business and protocols. Why? Well some businesses don’t necessarily see direct benefits from additional users and their pull.
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