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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Article Title: Agera Energy Creates a Competitive Market
Since Agera Energy was created in 2014, this energy supplier has grown by an estimated 600,000 residential customer equivalents. Agera Energy has been making great strides in competitive energy providers since then. When receiving energy services through Agera Energy both business owners and residential customers will work hand in hand with an Agera Energy representative, so they will get direct advisory on how to meet their energy needs.
— Agera Energy (@AgeraEnergy) March 8, 2018
After Agera Energy meets with their client, they will both sit down and customize a plan to fit their lifestyle. No matter who the client, each will get the opportunity to design own plan that will save them money and use the same energy provider. One way that Agera Energy ensures they make energy most efficient to the client is by providing them with LED light bulbs. By making this simple switch, it can save the client quite a bit of money every year.
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