Had I not made the mistake of accidentally deleting my Word doc file, this post would have gone live a week earlier. And gosh… I really put in some extra hours into it. Sadly, our team leader told us that we’re going to have to start again on the write-up because there’s no way to recover a deleted file that has also been emptied from the recycle bin. Technically, there is a way to recover deleted data, but nTask does not have time to do all that. So, here I am, once again, writing the dreaded guide about Prince2 methodology and certification. Believe me, getting the Prince2 Foundation level certificate is not as hard as having to write the entire post again… Sigh… Prince2 Certification from Experts’ Point of View
The winner-takes-all phenomenon in business is appealing. All entrepreneurs dream of their products being used by everyone in the market. Large tech companies such as Microsoft, Facebook, Uber, Amazon, and Netflix derive their massive valuations by dominating their respective markets. How did they achieve this dominance, and do new startups have a chance against them?
<p>The 'Network Effect' is a phenomenon whereby a good or service becomes more valuable when more people use it. When a network effect is present, the value of a product or service is dependent on the number of others using it. Over time, positive network effects can create a bandwagon effect as the network becomes more valuable and more people join, in a positive feedback loop. This section will highlight techniques to achieve the critical mass required to achieve this effect and stories about companies that have successfully done it.</p>
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