In this podcast, Jeffrey Towson discusses how Ant Financial has used sustained innovation to maintain its competitive advantages. He argues that network effects are a double-edged sword, as they can lead to complacency and a lack of innovation. Towson also discusses the importance of adaptation and resilience in the digital age.
In this podcast, Jeffrey Towson discusses three ways that network effects can “suck.” These include critical mass and chicken-and-egg problems, interaction failure at scale, and lock-in. Towson argues that network effects are not always the silver bullet that they are often made out to be, and that businesses should be aware of the potential downsides before relying on them.