Digital strategy consultant Jeffrey Towson explains how network effects can be a powerful driver of growth and success in the digital age. By understanding the underlying dynamics of expertise, language, tribe, belief, and group psychology, businesses can create and leverage network effects to achieve their goals. In this article, Towson breaks down the different types of networks and how they can be applied to inform a winning digital transformation strategy.
Digital strategy consultant Jeffrey Towson explores the 4 big effects of network effects on tech strategy, including increased value, decreased cost, and enhanced user experience. By understanding these effects, businesses can develop a digital transformation strategy that leverages the power of networks to drive growth and innovation. In this podcast, Towson shares his expert insights on how to harness network effects to create a competitive advantage in the digital landscape.
In Part 2 of his article on network effects, digital strategy consultant Jeff Towson explains how he takes apart network effects. He rejects the graphic that lists 16 network effects and instead focuses on network effects, business models and network assets. Read on to learn more about how to assess network effects.